Comments
Despite a dip in revenues, Arvind Ltd on Tuesday reported an 8.41 per cent rise in consolidated net profit of ₹94.32 crore for the third quarter ending December 2023.
According to the company’s regulatory filing, Arvind had clocked a net profit of ₹87 crore for the October-December quarter of the previous fiscal.
The company’s revenue from operations for the third quarter fell 4.62 per cent to ₹1,888 crore, as against ₹1,979 crore clocked during the same period a year ago. “Volumes clocked a healthy growth across most businesses, though deflated prices driven by lower input costs kept the revenue numbers muted,” stated the company in an official release.
The revenues from textiles — which includes fabrics, garments, and fabric retail — stood at ₹1,426 crore during the third quarter, down by about eight per cent. However, revenues from advanced materials — which includes human protection garments and fabrics, automotive fabrics, advanced composites, and industrial products — saw a two per cent rise during the quarter and stood at ₹345 crore.
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.