The company's revenue from the textiles segment, which contributes about 80% of the company's total revenue, fell 19.2% to 15.49 billion rupees in the quarter. Revenue from denims, which is included in the textiles segment, fell 44.8%.
Arvind's Q2 results: Net profit rises nearly 80% to Rs 125 crore
Arvind had a gain of Rs 40.52 crore from exceptional items, which includes profit on the sale of a subsidiary and provision from the value of land in Gujarat.Its total expenses were at Rs 2,072.45 crore, up 3.50 per cent in the September quarter of FY23 against Rs 2,002.31 crore a year ago.
Logistics aggregator Shiprocket turns unicorn with $32 million funding
The company was last valued at $900-950 million after raising $185 million in a funding round led by food delivery company Zomato, Temasek and Lightrock in December. Afte the latest investment, Temasek's stake in the company will increase to 5.75% and Lightrocks to 4.79%.
Business environment in FY23 remains challenging, says Arvind chairman Sanjay Lalbhai
The government's support moves as an increase in rates of incentives for the exports of readymade garments and dress materials from 2% to 4% and the National Technical Textiles Mission under which 100% FDI in the textile industry was allowed, along with the PLI scheme for textiles, are going to provide a stimulus to the industry.
Arvind Q1 Results: Firm posts Rs 101.62 cr profit; Net sales up 64%
"Arvind continued to deliver on its stated objective of reducing Long Term debt, and reduced it by Rs 56 crores during this quarter. Arvind Limited closed the quarter at a net debt of Rs 1,809 crore," it said.
manufacturer Arvind Ltd Revenue from operations was at Rs 2,203.50 crore as against Rs 1,654.87 crore in the corresponding period of previous fiscal year.Its fabric and garment volumes remained strong across both domestic as well as export markets, said Arvind in an earning statement
BJP leader Tajinder Pal Singh Bagga's arrest stayed till July 6 by HC
No coercive action will be taken against Bagga till July 6 when the case will come up for hearing next, Additional Solicitor General Satya Pal Jain, who appeared on behalf of the Delhi Police, said after the court heard the matter.
PNB Housing Finance: The housing finance company has approved fundraising of up to Rs 2,500 crore through a rights issue.
Biocon: CRISIL has placed its 'AA+' rating on the long-term bank facilities of the company on 'Watch with Developing Implications', after th......read more
1. Arvind Ltd: It is the largest denim maker in India. it sells its brand’s like Flying Machine, Newport, and Excalibur and licensed foreign names like Arrow, Tommy Hilfiger, and Calvin Klein. Arvind owns the Arvind Store, U......read more
Effluent discharge connection of Arvind's Ankur unit disconnected following HC order
The unit, which manufactures voiles and other fabric primarily sold in the domestic market, had a revenue of Rs 232 crore and EBITDA (earnings before interest, taxes, depreciation, and amortization) of Rs 28 crore in 2020-21.
#ARVIND : Arvind has formed resistance zone at 135-140 zone. maintain stoploss at 10% and see if its breaking the resistance (if you already have the position. To make new position you can wait for it to cross 135-140 zone
PM, Union ministers, leaders wish Arvind Kejriwal on birthday
Kejriwal, born on August 16, 1968 at Siwani village in Haryana's Bhiwani, took to Twitter and thanked people for their greetings. The early ones to greet Kejriwal on his birthday included MK Stalin and Himanta Biswa Sarma, Chief Ministers of Tamil Nadu and Assam respectively.
TMC likely to join Sonia Gandhi's virtual meet for opposition leaders
While the agenda of the meeting is not known, it is expected to discuss a raft of issues irking opposition parties besides helping build bridge to forge opposition unity.