Heavy denim and shirting fabrics maker Arvind Mills Ltd has announced audited results for the quarter & year ended March 31, 2006.
The Company has posted a net profit of Rs 214.70 million for the quarter ended March 31, 2006 (Q4 FY 05-06) as compared to Rs 530.00 million for the quarter ended March 31, 2005 (Q4 FY 04-05). Total Income has decreased from Rs 4407.00 million in Q4 FY 04-05 to Rs 3637.50 million for Q4 FY 05-06.
The Company has posted a net profit of Rs 1271.60 million for the year ended March 31, 2006 (FY 05-06) as compared to Rs 1273.50 million for the year ended March 31, 2005 (FY 04-05). Total Income has decreased from Rs 16599.00 million in FY 04-05 to Rs 16145.20 million for FY 05-06.
The consolidated results are as follows:
The Group has posted a net profit after minority interest of Rs 858.20 million for the year ended March 31, 2006 (FY 05-06) whereas the same was at Rs 1173.80 million for the year ended March 31, 2005 (FY 04-05). Total Income is Rs 21635.40 million for FY 05-06 whereas the same was at Rs 19699.50 million in FY 04-05.
During the year, Arvind Brands Ltd has become the subsidiary of the Company and the same has been considered for consolidation and hence, the previous year figures are not comparable.
The Board of Directors has recommended a dividend of @ 10 % on the equity capital for the year ended March 31, 2006.
Ready-made clothing seller Arvind Mills has set the pace for changing global customer demands for textiles and has focused its attention on select core products.
Bombay Stock Exchange Limited
marketing@alchempro.com
