Arvind Mills has posted a 14% growth in sales for the first quarter ended FY01. This, when compared to the last year's performance is better, considering the fact that the previous years figures includes the contribution from the garments division, which the company hived off to Arvind Garments Limited.
(Rs m) | 1QFY00 | 1QFY01 | Change |
Sales | 2,464 | 2,813 | 14.2% |
Other Income | 16.7 | 10.6 | -36.5% |
Expenditure | 2,117 | 2,493 | 17.7% |
Operating Profit (EBDIT) | 346 | 320 | -7.5% |
Operating Profit Margin (%) | 14.0% | 11.4% | |
Interest | 494 | 832 | 68.3% |
Depreciation | 350 | 448 | 27.9% |
Profit before Tax | -482 | -949 | 97.1% |
Other Adjustments | - | - | |
Tax | - | - | |
Profit after Tax/(Loss) | (482) | (949) | |
Net profit margin (%) | -19.5% | -33.7% | |
No. of Shares (eoy) (m) | 100.6 | 100.6 | |
Diluted number of shares | 100.6 | 100.6 | |
Diluted Earnings per share* | -19.2 | -37.8 | |
*(annualised) |
However, the operating margins have fallen from 14% in 1QFY00 to 11.4% in 1QFY01. Higher interest cost, up 68% from Rs 494 m in 1QFY00 to Rs 832 in 1QFY01, continue to drag the losses further from Rs 482 m to Rs 949 for the current year.
For the quarter ended September 2019, ARVIND has posted a net profit of Rs 498 m (down 10.9% YoY). Sales on the other hand came in at Rs 20 bn (up 9.4% YoY). Read on for a complete analysis of ARVIND's quarterly results.
For the quarter ended June 2019, ARVIND has posted a net profit of Rs 239 m (down 62.7% YoY). Sales on the other hand came in at Rs 19 bn (down 33.7% YoY). Read on for a complete analysis of ARVIND's quarterly results.
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