Arvind Limited Profit After Tax INR 59 crores for Q3 FY19

Deepthi | Myequity news | Date : 07-02-2019 13:20:00 IST

Arvind Limited has declared its financial results for the third quarter of FY 2019.

Highlights:

Overall revenue was lower by 1% percent year-on-year

PAT before exceptional items was lower by 23% percent

Performance Highlights

Revenue: Denim volumes were lower by 5 million meters largely on account of weak offtake by a few international customers leading to overall reduction in revenue by 7%. This was offset by 32% increase in revenue of Advanced Materials Business.

EBIDTA: Textile EBIDTA margin reduced to 10.5% from 14% due to lower sales.

NOTE:


In view of NCLT having approved the scheme of demerger for our Branded Apparels and Engineering Businesses, the reported financial statements reflect figures for continuing businesses only.

PBT & PAT of discontinued businesses for current quarter contain only branded apparel segment for about two months ending 29th Nov 2018. PBT & PAT for discontinued businesses for Q3 last year contain figures for both engineering business and branded apparel business. Hence, these figures are not comparable.


About Arvind Limited:

Arvind Limited is the largest textile company in India with revenues of USD 1.0 billion. The company is end-to-end supply chain partner to the world’s leading fashion brands.


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