Arvind posts net profit of Rs 53.34 cr for Q4
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New Delhi Leading textile manufacturer Arvind Ltd on Wednesday reported a consolidated net profit of Rs 53.34 crore for the fourth quarter ended March 2021.
The company had posted a net loss of Rs 17.32 crore during the January-March quarter of the previous financial year, Arvind said in a regulatory filing. Its revenue from operations stood at Rs 1,654.87 crore, marginally up as compared with Rs 1,641.56 crore in the year-ago period. "Denim volumes recovered to 113 per cent of the previous year in the fourth quarter, while woven volumes recovered to 112 per cent," said Arvind in a post-earnings statement.
It, however, reported a drop in garment volumes, which stood at 92 per cent of the previous year's Q4 numbers. Besides, Ebitda margins in textiles improved to 12.6 per cent, compared with 9.3 per cent a year ago, despite a significant increase in all input costs including cotton, yarns, dyes, chemicals, packaging and transport, it added. Ebitda stands for earnings before interest, tax, depreciation and amortisation.
Arvind's total expenses stood at Rs 1,566.36 crore in the March 2021 quarter, down 2.91 per cent as against Rs 1,613.37 crore a year ago. Its revenue from textiles was at Rs 1,331.16 crore, down 1.46 per cent as against Rs 1,350.85 crore a year ago.
