Arvind net up 46% at Rs. 75 crores

Arvind-CFO-JayeshShah

Arvind Ltd., one of the largest integrated textile and branded apparel players, recorded revenue growth of 16 per cent at Rs. 1,405 crores and a growth of 46 per cent in net profit after tax at Rs. 75 crores for the quarter ended December 31, 2012, as against Rs. 1,208 crores and Rs. 52 crores respectively for the quarter ended December 31, 2011. At the operating level, consolidated EBIDTA for the quarter stood at Rs. 191 crores (Rs. 143 crores), representing a growth of 34 per cent.

During the quarter, textile business grew by 15 per cent driven by 33 per cent volume growth in shirting & khakhi fabric. The Brands & Retails business grew by 19 per cent.

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 markets for textile continues to be strong.”