Quarterly Results: Arvind Ltd
Bhagyashree Vivarekar / 25 Jan 2017
The company's stock, which opened for trading at Rs 366 on the BSE, has fallen by 0.49 per cent after the results were declared and is currently trading around the Rs 366. The company reported PAT of Rs 75.62 crore, which represents a sequential QoQ increase of 5.47 per cent and a YoY decline of 16.41 per cent.
Arvind Ltd. reported its results for the quarter ended December 31, 2016.
The company's total sales for Q3FY17 came in at Rs 2335.46 crore, which represents a 0.19 per cent sequential increase and 14.83 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 162.59 crore and the EBIT margin stood at 6.96 per cent.
The company reported PAT of Rs 75.62 crore, which represents a sequential QoQ increase of 5.47 per cent and a YoY decline of 16.41 per cent.
The company's stock, which opened for trading at Rs 366 on the BSE, has fallen by 0.49 per cent after the results were declared and is currently trading around the Rs 366.
Arvind Ltd is an Indian textile manufacturing company operating in two business segment: textile which comprise of denim, woven fabric, knit fabrics, garment export, advance material, retails, and others, which comprise of engineering, real estate and telecom. The company's product portfolio includes international brands, such as Lee, Wrangler, Arrow and Tommy Hilfiger, Flying Machine, Newport, Excalibur and Ruf & Tuf.
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