Comments
Arvind Ltd on Wednesday said its net profit spurted by 5.8 per cent to Rs 66.68 crore for the fourth quarter ended March 31, 2012 as against a net profit of Rs 63.02 crore in the corresponding period of previous fiscal.
Net sales of the company rose to Rs 1,272.53 crore for the fourth quarter compared to Rs 1,191.78 crore in the same period of last year, Arvind Ltd said in a filing to the BSE.
For the year ended March 31, 2012, the company posted a net profit of Rs 435.87 crore, as against Rs 164.87 crore in the last fiscal.
The company’s board recommended a dividend of 10 per cent (Re 1 per share of Rs 10 each) for the financial year 2011-12.
On a standalone basis, the company posted a net profit of Rs 62.52 crore for the quarter, as against Rs 56.07 crore.
Shares of Arvind closed at Rs 77.10 on the BSE, down 13.47 per cent from its previous close.
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.