Home / Knowledge / News / Textiles / Arvind net up 14% in Q1FY'15
Arvind net up 14% in Q1FY'15
30
Jul '14
Arvind Limited, one of the largest integrated textile and branded apparel players has recorded strong growth in consolidated revenue and net profits in the first quarter for fiscal year ending June 30, 2014 which grew by 19% and net profits which rose by 14%.

Revenues in the quarter rose to Rs. 1773 crores against Rs. 1491 crores in the corresponding quarter of the previous year. Consolidated EBIDTA is up by 13% at Rs. 223 crores as against Rs. 197 crores in the corresponding quarter of the previous year. Profit after tax grew by 14% to Rs. 90 crores as compared to Rs. 79 crores in the corresponding quarter for the last year.

Commenting on the results, Mr. Jayesh Shah, Director & Chief Financial Officer said, "The revenue growth of 19% is led by 26% growth in Brands & Retail business and 13% growth in Textile business with stable operating profit margin expansions in both the businesses."

Arvind Infrastructure Limited (AL), a wholly owned subsidiary of Arvind Limited (AL) is engaged in real estate development. Over the years, AIL has successfully undertaken several development activities and achieved excellent market reputation as a quality developer.

As of now, AIL is managing 11 projects in Ahmedabad and Bangalore with 5.3 Million sq ft over 360 acres of land. In order to drive the growth of real estate business independently, the Board of Arvind Limited has approved the Scheme of Arrangement between Arvind Limited and AIL for de-merger and transfer of real estate undertaking to AIL.

AIL will issue, to the shareholders of Arvind Limited, 1 share of Rs 10/- each for every 10 shares of Rs 10/- held by them in Arvind Limited and Arvind Infrastructure Limited (AIL) shall be separately listed on Stock Exchange.

Commenting on the demerger of real estate business, Mr. Jayesh Shah said, "Arvind sees an attractive opportunity and strategic fit in real estate development. The demerger will allow Arvind to deploy its resources fully in its core activities and allow AIL to raise further capital and debt as required for its growth."

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search