20 Jul 2019 | 8:06 PM

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COMPANYNEWS
Arvind Q3 net profit down 54.97% at Rs 27.30 cr
  Arvind Ltd. | 19 Jul 2019 | 04:01 PM
Published on 02-07-2019
The company reported standalone net profit of Rs 27.30 crore for the quarter ended December 31 2018 as compared to Rs 60.63 crore in the same period last year registering a year-on-year decline of 54.97 per cent.


Net revenue of the company declined by 5.58 per cent at Rs 1506.74 crore in October-December quarter of this fiscal as against Rs 1595.76 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 5.04 per cent to Rs 1370.29 crore from Rs 1443.04 crore in year ago period.


Other Income grew by 43.81 per cent at Rs 25.80 crore versus (Dec`17 Rs 17.94 crore).


Operating Profit slipped by 10.65 per cent to Rs 136.45 crore as against Rs 152.72 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 5.33 per cent in December quarter.


Interest grew by 15.03 per cent y-o-y to Rs 54.81 crore while Taxation increased by 741.38 per cent at Rs -4.88 crore (Dec`17 Rs -0.58 crore).