Arvind Ltd. announced that the Board of Directors of the company at its meeting held on May 11, 2017 has recommended a dividend at 24% that is INR 2.40 per equity share of INR 10 each of the company for the year ended March 31, 2017.

The company plans to raise up to INR 5,000 million via issuance of Non-Convertible Debentures (NCDs) on a private placement basis.

The company also reported unaudited standalone and consolidated earnings results for the fourth quarter and full year ended March 31, 2017. For the quarter, on standalone basis, the company reported net sales/income from operations (net of excise duty) was INR 15,674.7 million against INR 14,286.9 million a year ago. Profit before exceptional items was INR 627.6 million against INR 1,051.1 million a year ago. Profit before tax was INR 538.4 million against INR 1,050.8 million a year ago. Net profit for the period was INR 445.1 million or INR 1.72 diluted per share (not annualized) against INR 766.1 million or INR 2.93 basic and diluted per share (not annualized) a year ago.

For the year, on standalone basis, the company reported net sales/income from operations (net of excise duty) was INR 60,532.3 million against INR 54,660.2 million a year ago. Profit before exceptional items was INR 4,007.0 million against INR 4,500.9 million a year ago. Profit before tax was INR 3,826.4 million against INR 4,514.6 million a year ago. Net profit for the period was INR 2,708.8 or INR 10.48 diluted per share (not annualized) against INR 3,206.4 million or INR 12.41 diluted per share (not annualized) a year ago.

For the quarter, on consolidated basis, the company reported net sales/income from operations (net of excise duty) was INR 24,931.9 million against INR 22,518.7 million a year ago. Profit before exceptional items was INR 1,177.8 million against INR 1,227.4 million a year ago. Profit before tax was INR 1,088.6 million against INR 1,227.1 million a year ago. Net profit for the period was INR 931.6 million or INR 3.60 diluted per share (not annualized) against INR 978.8 million or INR 3.79 basic and diluted per share (not annualized) a year ago.

For the year, on consolidated basis, the company reported net sales/income from operations (net of excise duty) was INR 93,135.4 million against INR 80,926.2 million a year ago. Profit before exceptional items was INR 4,358.9 million against INR 4,340.2 million a year ago. Profit before tax was INR 4,178.3 million against INR 4,353.9 million a year ago. Net profit for the period was INR 3,138.4 or INR 12.14 diluted per share (not annualized) against INR 3,141.9 million or INR 12.16 diluted per share (not annualized) a year ago.