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Integrated textile major, Arvind Limited posted consolidated net profit of Rs 95 crore for the second quarter ended September 2015, marginally down by 2 per cent from Rs 97 crore in the same period last year.
Company reported consolidated revenue growth of 7 per cent at Rs 2,097 crore for the period as against Rs 1,965 crore in the corresponding quarter a year ago.
The company also informed that its net profit was further squeezed after making provision for exceptional items amounting to Rs 4 crores towards compensation of retrenchment of workers effectively putting the net profit at Rs 91 crores.
Consolidated EBIDTA is up by 8 per cent at Rs 261 crores as against Rs. 242 crores in the corresponding quarter of the previous year.
Commenting on the results as well as outlook of the Company, Jayesh Shah, Director & Chief Financial Officer, said, "The performance for the quarter has been satisfactory considering very challenging domestic markets. We expect second half to be even better as compared to second half of last year."
Shares of Arvind Ltd were trading at Rs 282, up 5.30 per cent, on the BSE.
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