• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , Oct. 28

ARVIND Mills Ltd has posted a net profit of Rs 37.19 crore for the quarter ended September 30, up 84 per cent from Rs 20.14 crore in the previous corresponding quarter. This came even as sales during the period remained almost flat at Rs 428.04 crore as against Rs 419.81 crore a year ago.

The operating profit for the quarter at Rs 106 crore was up by 16 per cent from Rs 92 crore in the second quarter last year. Interest and finance costs during the period stood marginally reduced at Rs 34.24 crore (Rs 35.23 crore). Depreciation was at Rs 38.72 crore (Rs 37.21 crore).

"Our current quarter results are the results of lower cotton and energy cost compared to corresponding quarter previous financial year. In the near future owing to significant addition of denim capacity in the country, prices in the domestic market are likely to remain subdued in the near future", said Mr Jayesh Shah, Chief Financial Officer and Director.

The company has commenced the sewing and washing operation at the four-million-pieces-a-year jeans manufacturing facility in Bangalore.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
L&T net profit drops 67 pc in Q2 — Slump due to one-time gain in previous year

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line