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Indian textile firm Arvind Limited posts Q4 FY21 revenue of ₹1,655 cr
27 May '21
1 min read
Pic: Arvind Fashions/ Arrow
Arvind Limited, one of the largest textile companies in India, has reported 1 per cent revenue growth to ₹1,654.8 crore in its fourth quarter (Q4) FY21 that ended on March 31, 2021, compared to the revenue of ₹1,641.5 crore in corresponding period of previous fiscal. The company’s net profit for the quarter rose to ₹53.3 crore (Q4 FY20: loss ₹17.3 crore).
EBIDTA for Q4 FY21 grew to ₹230 crore (₹167 crore), while profit before tax was ₹96.8 crore (loss: ₹11.0 crore).
Revenue of textiles segment for the reported quarter slightly dropped to ₹1,325 crore (₹1,352 crore) while advance material’s revenue grew to ₹198 crore (₹179 crore).
Denim revenue for the period grew 23 per cent to ₹412 crore (₹334 crore), and woven revenue increased 14 per cent to ₹444 crore (₹390 crore). However, garments revenue dipped 8 per cent to ₹360 crore (₹391 crore).
Fibre2Fashion News Desk (JL)
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