Comments
Denim maker, Arvind Limited posted consolidated net profit of Rs 94 crore for the fourth quarter ended March 2014, up 24 per cent against Rs 76 crore reported in the corresponding period last year.
The company’s consolidated total revenues of Rs 1,879 crore, up 34 per cent against Rs 1,406 crore in the same period last year.
The consolidated EBIDTA increased by 22 per cent at Rs 248 crore as against Rs 203 crore in the corresponding quarter of the previous year.
For the financial year, net profit grew by 49 per cent at Rs 369 crore compared to Rs 248 crore in the previous financial year. The total revenue for the year stood at Rs 6,862 crore as against Rs 5,293 crore in the previous year.
The consolidated EBIDTA for the year jumped by 36 per cent at Rs 934 crore as against Rs 687 crore for the previous year.
The Board of Directors have recommended dividend of 23.5 per cent for the year 2013-14 as against 16.5 per cent for the previous year.
Jayesh Shah, director and CFO said, “The robust revenue growth of 30 per cent is led by 37 per cent growth in brands & retail business and 21 per cent growth in textile business with operating profit margin expansions in both the businesses. Given the all-round improvement in the performances of all the business verticals and the growth momentum they have attained, we are hopeful to grow by 22-24 per cent during the year 2014-15.”
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.