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Arvind Q4 revenue up by 34 pct at Rs. 1879 cr

Posted on May 16 2014 | IBNS

New Delhi, May 15 : Arvind Limited, one of the largest integrated textile and branded apparel players has recorded strong growth in the consolidate revenue by 34 percent at Rs. 1879 crores for the quarter ended 31st March 2014, as against Rs. 1406 crores in the corresponding quarter of the previous year.

Consolidated EBIDTA is up by 22 percent at Rs. 248 crores as against Rs. 203 crores in the corresponding quarter of the previous year.

Profit after tax grew by 24 percent to Rs. 94 crores as compared to Rs. 76 crores in the corresponding quarter for the last year.

For the financial year, the company reported 30 percent growth in revenue and 36 percent growth in Operating Profit (EBIDTA).

Revenue for the year stood at Rs. 6862 crores as against Rs. 5293 crores for the previous year. Net Profit After tax from ordinary activity grew by whooping 49 percent at Rs. 369 crores compared to Rs. 248 crores in the previous financial year.

At the operating level, consolidated EBIDTA for the year ended 31st March 2014, jumped by 36 percent at Rs. 934 crores as against Rs. 687 crores for the previous year. The Board of Directors have recommended dividend of 23.5 percent for the year 2013-14 as against 16.5 percent for the previous year.

Commenting on the results as well as outlook of the Company, Jayesh Shah, Director and Chief Financial Officer said: "It is very heartening to note that the company is maintaining the strong growth momentum across all its business verticals. The robust revenue growth of 30pc is led by 37pc growth in Brands and Retail business and 21pc growth in Textile business with operating profit margin expansions in both the businesses. Given the all-round improvement in the performances of all the business verticals and the growth momentum they have attained, we are hopeful to grow by 22-24pc during the year 2014-15."

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