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Arvind Mills posts net loss in 3QFY00

Feb 2, 2000

Arvind Mills Limited has posted a net loss during the quarter ended 31st December 1999. The company has suffered an erosion in operating margins. The decline in other income, and the surge in interest and depreciation costs have further exerted a downward pressure on the bottomline of the company.

Other income boosts Bombay Dyeing net

Jan 25, 2000

A 27% rise in the turnover has led to a five fold increase in the net profit of Bombay Dyeing. The main contributor to the revenue growth seems to be the DMT division thanks to the increase in petrochem prices. Cotton still seems to be struggling. The operating margins have improved slightly. However, the other income of Rs.289 m which contributed to the pre–tax profit of Rs.155 m

Century Enka post 12 fold rise in profits

Oct 26, 1999

A 17% growth in topline and a decline in interest expenditure have enabled the company to post a sharp jump in profits. The company has benefited from the improvement in price realisations of commodities.

Arvind Mills to spin off textile brands

Jun 10, 1999

Textile major, Arvind Mills is spinning off its textile brands and garments business into a seperate company. It is also scouting for private equity investors to take a significant stake in the new company.

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