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Indian firm Arvind's revenue at ₹1,921.73 cr in Q2 FY24
01 Nov 23 1 min read
Insights
- Arvind Ltd, an Indian textile manufacturer, reported revenue from operations of ₹1,921.73 crore in Q2 FY24, a decline of 11.43 per cent compared to ₹2,169.81 crore in Q2 FY23.
- The company's profits plunged 36 per cent to ₹84.19 crore.
- Earnings per share in Q2 FY24 stood at ₹2.99.
- Arvind's revenue from textile's segment also declined to ₹1,455.32 crore.
The company's total income for Q2 FY24 stood at ₹1,933.46 crore. On the expenditure front, the company incurred costs amounting to ₹1,821.72 crore during the quarter.
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Arvind Ltd also disclosed its earnings per share (EPS), both basic and diluted, which came in at ₹2.99, the company said in a media release.
Notably, the textiles segment, a key revenue generator for the firm, reported a decline as well. Revenue from textiles for Q2 FY24 was at ₹1,455.32 crore, a drop when compared to ₹1,758.98 crore in Q2 FY23.
Fibre2Fashion News Desk (DP)
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