Arvind Ltd Q3FY14 Net Profit Up By 35%

Ahmedabad based Arvind Ltd has come out with better numbers for the quarter ended December 2013. The consolidated topline of the company witnessed a growth of 28% on YoY basis to stand at Rs 1792.20 crore for Q3FY14 as against Rs 1400.36 crore for Q3FY13.

This growth can be attributed to the better segmental performance of the company. Let us take a look at it. The textiles segment (66% of topline) witnessed a growth of 24.25% on YoY basis for the quarter. This growth is mainly due to growth of 20% in Denim, 21% in Woven Fabrics and 35% in Garments Manufacturing. The Brand & Retail business has registered a growth of 30% on YoY basis for Q3FY14 which contributes 30% to the topline. The real estate business (1% of revenue) witnessed a growth of 58% to stand at Rs 13.66 crore.

On the operating profit front, the consolidated EBITDA came in at Rs 254 crore for Q3FY14 as against Rs 190.90 crore reported during the same quarter last fiscal witnessing a growth of 33.21%. The EBITDA margins for the quarter came in at 14.19% which expanded by 56 basis points on yearly basis. This growth can be attributed to lower raw material cost (31% of topline) which contracted by 50 basis points on YoY basis.

On the bottomline, the company posted a net profit of Rs 102.17 crore as against Rs 75.37 crore for Q3FY13 witnessing growth of 35.56%. The PAT margins too expanded by 32 basis points on YoY basis to stand at 5.70% for the recently concluded quarter.