Arvind Limited's revenue grows 16pc
Ahmedabad, Jan 30 : Arvind Limited, one of the largest integrated textile and branded apparel players, recorded a revenue growth of 16pc to Rs. 1405 crores and Net Profit After Tax growth of 6pc to Rs. 75 crores for the quarter ended on 31st December, 2012 as against Revenue of Rs. 1208 crores and Net Profit After tax of Rs. 52 crores for the previous quarter ended on 31st December 2011.
At the operating level, consolidated EBIDTA for the Quarter stood at Rs. 191 crores as against EBIDTA of Rs. 143 crores for the previous quarter ended on 31st December 2011; growth of 34pc .
During the quarter, textile business grew by 15pc driven by 33pc volume growth in Shirting and Khakhi fabric. Brands and Retails business grew by 19pc .
Jayesh Shah, Director and Chief Financial Officer, said: "We are pleased that Revenue, EBITA as well as PAT are at all time high. The margin for both Textiles and Brands and Retail are on the rise. We continue to be moderately bullish as far as the overall business scenario is concerned as the demand from domestic and international market for textile continues to be strong."