Arvind Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2017
November 08, 2017 at 06:21 am
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Arvind Limited announced unaudited standalone and consolidated earnings results for the second quarter and six months ended September 30, 2017. For the quarter, on standalone basis, the company reported revenue from operations of INR 14,931.1 million against INR 14,858.8 million a year ago. Profit before exceptional items and tax was INR 583.2 million against INR 1,088.3 million a year ago. Profit before tax was INR 538.6 million against INR 1,025.6 million a year ago. Net profit was INR 421.1 million or INR 1.64 per diluted share against INR 674.8 million or INR 2.61 per diluted share a year ago. Total income was INR 15,168.2 million against INR 15,178.1 million a year ago.
For the six months, on standalone basis, the company reported revenue from operations of INR 31,064.7 million against INR 29,529.8 million a year ago. Profit before exceptional items and tax was INR 1,676.3 million against INR 2,350.6 million a year ago. Profit before tax was INR 1,562.6 million against INR 2,286.3 million a year ago. Net profit was INR 1,217.2 million or INR 4.70 per diluted share against INR 1,535.2 million or INR 5.92 per diluted share a year ago. Total income was INR 31,492.3 million against INR 30,069.8 million a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations of INR 26,284.6 million against INR 23,311.3 million a year ago. Profit before exceptional items and tax was INR 926.1 million against INR 1,098.8 million a year ago. Profit before tax was INR 881.5 million against INR 1,036.1 million a year ago. Net profit was INR 645.0 million or INR 2.40 per diluted share against INR 766.5 million or INR 2.78 per diluted share a year ago. Net profit attributable to equity holders of the parent was INR 617.7 million against INR 717.0 million a year ago. Total income was INR 26,540.3 million against INR 23,532.2 million a year ago. EBITDA declined 9% to INR 2,120 million from INR 2,320 million due to challenges in domestic market and higher cotton prices.
For the six months, on consolidated basis, the company reported revenue from operations of INR 51,034.9 million against INR 44,352.6 million a year ago. Profit before exceptional items and tax was INR 1,698.0 million against INR 2,150.3 million a year ago. Profit before tax was INR 1,584.3 million against INR 2,086.0 million a year ago. Net profit was INR 1,212.5 million or INR 4.69 per diluted share against INR 1,499.3 million or INR 5.62 per diluted share a year ago. Net profit attributable to equity holders of the parent was INR 1,215.0 million against INR 1,455.9 million a year ago. Total income was INR 51,453.5 million against INR 44,739.8 million a year ago.
Arvind Limited is an India-based vertically integrated textile company. The Company operates through three segments: Textiles, Advanced Materials and Others. The Textiles segment includes fabrics, garments, and fabric retail. The Advanced Materials segment consists of human protection fabrics and garments, industrial products, advance composites, and automotive fabrics. The Others segment includes e-commerce, agriculture produce, EPABX and one to many radios, developing of residential units and others. It also manufactures a range of cotton shirting, denim, knits, and bottom weights (Khakis) fabrics and jeans and shirts garments. Its businesses include fabric and apparel, brands and retail, real estate, engineering, Internet, environmental solutions, advanced materials, telecom, and garmenting. Its subsidiaries include Arvind PD Composite Private Limited, Arvind OG Nonwovens Private Limited, Arvind Internet Limited, and Arvind Goodhill Suit Manufacturing Private Limited, among others.