Net profits skyrocket 44% at denim maker Arvind in Q3FY'13

30 Jan '13

1 min read

Arvind Limited, one of the largest integrated textile and branded apparel players, recorded Revenue growth of 16% to Rs. 1405 crores and Net Profit After Tax growth of 46% to Rs. 75 crores for the quarter ended on 31 December, 2012 as against Revenue of Rs. 1208 crores and Net Profit After tax of Rs. 52 crores for the previous quarter ended on 31St December 2011.

At the operating level, consolidated EBIDTA for the Quarter stood at Rs. 191 crores as against EBIDTA of Rs. 143 crores for the previous quarter ended on 315t December 2011; growth of 34%.

During the quarter, textile business grew by 15% driven by 33% volume growth in Shirting & Khakhi fabric. Brands & Retails business grew by 19%.

Commenting on the results as well as outlook of the Company, Mr. Jayesh Shah, Director & Chief Financial Officer said: "We are pleased that Revenue, EBITA as well as PAT are at all time high. The margin for both Textiles and Brands & Retail are on the rise. We continue to be moderately bullish as far as the overall business scenario is concerned as the demand from domestic and international market for textile continues to be strong."

Arvind ltd

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