Arvind Ltd Q3FY13 Result Analysis
DSIJ Intelligence / 31 Jan 2013
Arvind Ltd, today, came out with a decent set of numbers for the recently concluded Q3FY13 results.
Arvind Ltd, today, came out with a decent set of numbers for the recently concluded Q3FY13 results. The topline for the company stood at Rs 1405.16 crore for Q3FY13 as against Rs 1208.17 for Q3FY12, thus witnessing a growth of 16.30%. The EBITDA witnessed a gain of 33.83% on a YoY basis to stand at Rs 190.90 crore for Q3FY13.
The bottomline witnessed a growth of 44.53% on a YoY basis to stand at Rs 75.37 crore for Q3FY13. The highlight of the result is that the company has posted a growth in the EBITDA levels inspite of a hefty rise in the raw material cost and employee expenses. Both these components grew by 21.75% and 25.84% respectively on a YoY basis for Q3FY13. The EBITDA and the Net Profit Margin grew by 178 basis points and 105 basis points respectively for Q3FY13 on a YoY basis.
| Particulars (Rs/Cr) | Q3FY13 | Q3FY12 | % Chg |
|---|---|---|---|
| Net Total Income | 1,405.16 | 1,208.17 | 16.30 |
| EBITDA | 190.90 | 142.64 | 33.83 |
| Net Profit | 75.37 | 52.15 | 44.53 |
| EBITDA Margin (%) | 13.59 | 11.81 | 1.78 |
| Net Profit Margin (%) | 5.36 | 4.32 | 1.05 |
On the segmental front, the textiles segment has witnessed a growth of 16.25% and the branded garments segment witnessed a growth of 15.84% for Q3FY13. The finance cost of the company remained almost flat with the outgo for the present quarter standing at Rs 80.33 crore as against Rs 79.07 crore for Q3FY12.
| Revenue Break Up | |||
|---|---|---|---|
| Particulars (Rs/Cr) | Q3FY13 | Q3FY12 | % Chg |
| Textiles | 954.40 | 820.96 | 16.25 |
| Branded Garments | 408.24 | 352.42 | 15.84 |
| Others | 54.04 | 40.46 | 33.56 |
| Total Exports | 1,416.68 | 1,213.84 | 16.71 |
The markets have reacted positively to the financial numbers posted by the company, who gained by 2.8%. We feel that the company is likely to witness better movement on the bourses backed by better results. We suggest our readers to hold the stock for the time being.
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