Arvind Ltd Q4 Revenue up by 14% at Rs.2320 crore

Ahmedabad

Ahmedabad based Arvind Limited, one of the largest integrated textile and branded apparel players has recorded growth in the consolidate revenue by 14% at Rs. 2320 crores for the quarter ended 31st March 2016, as against Rs.2041 crores in the corresponding quarter of the previous year.

The Profit after tax has also grown by 14% to Rs. 110 crores as compared to Rs. 97 crores in the corresponding quarter for the last year, a statement on the consolidated financial results of the company issued here today said.

For the financial year, the company reported 8% growth in revenue at Rs. 8450 cr. Net Profit After Tax from ordinary activity was lower by 7% at Rs. 371 crores compared to Rs. 395 crores in the previous financial year. Profit After Tax after exceptional items was Rs. 363 crores as compared to Rs. 341 crores in the previous year, the statement said.

The Board of Directors have recommended dividend of 24% for the year 2015-16.

Commenting on the results as well as outlook of the Company, Mr. Jayesh Shah, Director & Chief Financial Officer said: “Our textiles business continues to deliver a strong performance as we continue to pursue a calibrated growth strategy. The brands business continues to demonstrate strong growth with 30% CAGR for Q4.”

– DeshGujarat