Bigul

Arvind reports 8.41% rise in net profit for Q3; revenue falls

According to the company's regulatory filing, Arvind had clocked a net profit of 87 crore for the October-December quarter of the previous fiscal
30-01-2024
Bigul

Q3FY24 Quarterly Result Announced for Arvind Ltd.

Textiles company Arvind announced Q3FY24 results: Overall Revenues: Arvind reported revenues of Rs 1,888 crore for Q3FY24, marking a comparative decrease from the revenue of Rs 1,980 crore in Q3FY23. EBITDA: The company's EBITDA grew by 16% to reach Rs 216 crore. Profit After Tax (PAT): PAT saw a 22% increase, reaching Rs 92 crore. Margins: Overall margins improved by 200 basis points (bps) to 11.4%. Arvind Ltd is ranked 1st in India and 7th globally in the Sustainability Assessment by S&P; (DJSI). Partnership with Gap Inc.: Inaugurated the new Global Water Innovation Centre for Action (GWICA) at Arvind's Santej premises. Forward-Looking Guidance Expectations for Q4 FY24: The company anticipates stronger performance in terms of volume/revenue growth and healthy margins for Q4FY24. Capital Expenditure: A capex program of Rs 300 crore mainly for AMD and Garmenting capacity expansion is progressing as planned. Borrowings: Predicted long-term borrowing to remain within the Rs 400 crore limit by year-end. Result PDF
30-01-2024
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