Arvind Limited, one of the largest textile companies in India, has reported 19 per cent decline in its revenue to ₹1,514 crore during third quarter (Q3) FY21 that ended on December 31, 2020, compared to the revenue of ₹1,869 crore in same period prior fiscal. For the reported quarter, company’s net profit was ₹25 crore (Q3 FY20: ₹36 crore).
Arvind Limited, one of the largest textile companies in India, has reported 19 per cent decline in its revenue to ₹1,514 crore during third quarter (Q3) FY21 that ended on December 31, 2020, compared to the revenue of ₹1,869 crore in same period prior fiscal. For the reported quarter, company's net profit was ₹25 crore (Q3 FY20: ₹36 crore).#
EBIDTA for Q3 FY21 fell 13 per cent to ₹162 crore (₹185 crore). Profit before tax was ₹48 crore (₹64 crore). Revenue of textiles segment was ₹1,219 crore (₹1,558 crore) while advance material’s revenue grew marginally to ₹188 crore (₹184 crore).
Arvind Limited, one of the largest textile companies in India, has reported 19 per cent decline in its revenue to ₹1,514 crore during third quarter (Q3) FY21 that ended on December 31, 2020, compared to the revenue of ₹1,869 crore in same period prior fiscal. For the reported quarter, company's net profit was ₹25 crore (Q3 FY20: ₹36 crore).#
Denim volumes recovered 88 per cent compared to Q3 FY20, whereas, woven volumes recovered 77 per cent and garment volumes stood at 89 per cent, as company reported in a release.
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