Arvind Textiles posts net profit of Rs 32 crore

Textile firm Arvind posted a consolidated net profit of Rs 32.47 crore for the quarter ended 30 June, 2012.

hidden December 20, 2014 10:40:53 IST
Arvind Textiles posts net profit of Rs 32 crore

Textile firm Arvind posted a consolidated net profit of Rs 32.47 crore for the quarter ended 30 June, 2012.

The company had posted a net profit of Rs 61.05 crore for the same period of previous fiscal, Arvind said in a filing to the BSE.

It added that the financial performance for the quarter is not comparable with that of previous quarter last year as the company's operations were affected by strike in June 2012. "We had an abnormal situation due to strike in two of our plants hence it will not be appropriate to compare these results with that of previous year," Arvind Ltd Chief Financial Officer Jayesh Shah said.

Arvind Textiles posts net profit of Rs 32 crore

Reuters

Net sales of the company stood at Rs 1,176.99 crore for the quarter ended 30 June. It was Rs 1,190.66 crore during the same quarter of previous fiscal.

Shah added that the textile business is witnessing strong growth and the company is confident that in coming quarter there will be growth in volume as well as margins.

Shares of Arvind Ltd closed at Rs 69.90 on the BSE, down 2.44 percent from its previous close.

PTI

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Genpact Q1 net jumps 57% to $61 million
Business

Genpact Q1 net jumps 57% to $61 million

Genpact reported a 56.6 percent rise in net profit at $61.1 million for the second quarter ended June 30, primarily driven by growth in revenues from global clients.

Marico Q1 net profit at Rs 126 crore
Business

Marico Q1 net profit at Rs 126 crore

FMCG major Marico posted a consolidated net profit of Rs 125.78 crore for the first quarter ended 30 June.

Jet Airways too reports surprise net profit; shares up
Business

Jet Airways too reports surprise net profit; shares up

The company's net profit stood at Rs 24.7 crore, as against a loss of Rs 123.16 crore a year ago and a CNBC-TV18 estimate of net loss of Rs 198 crore.