Arvind posts Rs 71 crore web revenue for Sept quarter; web gross sales leap 62% to Rs 2,115 crore, Retail Information, ET Retail

Arvind posts Rs 71 crore net profit for Sept quarter; net sales jump 62% to Rs 2,115 croreNew Delhi: Main textile producer Arvind Ltd on Wednesday reported a consolidated web revenue of Rs 71.06 crore for the second quarter ended September 2021, helped by quantity progress throughout segments. The corporate had posted a web lack of Rs 5.86 crore in the course of the corresponding quarter of the earlier monetary 12 months, Arvind mentioned in a regulatory submitting.

Its income from operations throughout July-September 2021 stood at Rs 2,115.14 crore, a leap of 62.05 per cent as towards Rs 1,305.17 crore within the year-ago interval.

Arvind’s complete bills have been at Rs 2,016.71 crore, a rise of 53.19 per cent as towards Rs 1,316.40 crore a 12 months in the past.

“Volumes grew throughout all segments as post-COVID-19 demand stayed sturdy in each export and home markets. Enter prices continued to extend sharply however have been principally offset by improved worth realisation and better efficiencies,” mentioned Arvind Ltd in a post-earnings assertion.

Its income from textiles was up 70.69 per cent to Rs 1,726.49 crore as towards Rs 1,011.43 crore a 12 months in the past.

Whereas advance materials stood at Rs 298.28 crore, up 60.49 per cent as towards Rs 185.85 crore of the year-ago interval.

Arvind Ltd is without doubt one of the largest textile firms in India.

Shares of Arvind Ltd have been buying and selling at Rs 128.90 on the BSE within the afternoon commerce, down 5.88 per cent from the earlier shut.

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