Arvind Ltd Q3 FY22 net profit up

Arvind Ltd Q3 FY22 net profit up

28 January 2022, Mumbai:

The company had posted a net profit of Rs 22.44 crore during the October-December period of the previous fiscal, Arvind said in a regulatory filing.

Leading textile manufacturer Arvind Ltd on Thursday reported an over four-fold increase in consolidated net profit at Rs 94.34 crore for the third quarter ended December 2021, led by volume growth across segments.

The company had posted a net profit of Rs 22.44 crore during the October-December period of the previous fiscal, Arvind said in a regulatory filing.

 How Arvind Ltd is betting on newer businesses to move up the value chain -  The Economic Times

Revenue from operations was at Rs 2,275.66, up 50.39 per cent from Rs 1,513.16 crore in the year-ago quarter.

Total expenses climbed 45.25 per cent to Rs 2,146.60 crore, as against Rs 1,477.84 crore earlier.

"Volumes grew across all textile segments as post-Covid demand stayed strong in both export and domestic markets.

Cotton prices rose sharply, and other input costs continued to stay high, but were mostly offset by improved price realisation and higher efficiencies,” Arvind Ltd said in a post-earnings statement.

Revenue from textiles increased 57.34 per cent to Rs 1,918.13 crore, compared to Rs 1,219.11 crore.

On the outlook, the company said: "We expect Q4 to deliver strong results similar to the 3rd quarter.”

**The statistics mentioned in the above articles have been sourced from The Economic Times. 

CREDITS: Money Control  ET

 

Stay Updated. 

Subscribe to our newsletter.

 

Follow us on Linkedin & Youtube

 

 

Latest Apparel News

 

 

Daily Top 15 News

Author’s Posts

  • Tamil Nadu Textile Sector Begins Strong Recovery

    Tamil Nadu Textile Industry Shows Signs of Recovery
    After ...

    May 22, 2025

  • Shahid Kapoor Joins Taapsee Pannu for Vogue Eyewear India

    BRAND ANNOUNCEMENT | VOGUE EYEWEAR WELCOMES SHAHID KAPOOR, WHO JOINS TAAPSEE PANNU AS ITS BRAND AMBAS...

    May 22, 2025

  • 3rd Morocco International Yarn & Fabric Sourcing Show 2025

    3rd Morocco International Yarn & Fabric Sourcing Show 2025

    May 13, 2025

  • India’s Apparel Exports: Big Potential, Low Share

    Despite having the world’s second-largest vertically integrated textile industry, India’s share...

    May 05, 2025

  • CITI: India must engage U.S. on tariffs

    "Bridging the Information Gap in the Textile and Fashion Industry."

    DFU
    Inside Fashion Vol. 23 No. 2
    Azad
    EasiTex