ARVIND Q2 Results: Revenue rose by 13.00% year-over-year (YoY) to Rs. 2188 crore, while net profit declined by 25.00% YoY to Rs. 63 crore.
NSE: ARVIND: Rs.370(18.48%)
Arvind is a diverse, innovation-driven conglomerate with a strong foundation in textiles and apparel, while also leading advancements in areas like water management, wearable technology, and advanced materials. Originally a textile company, Arvind has expanded to include environmental solutions, telecom, and real estate. It’s known for its social impact through CSR and sustainability initiatives, aiming to create meaningful changes in communities.
Revenue
Revenue for the current quarter (Sep 2024) is Rs. 2188 crore which is Rs. 1831 crore more than the revenue in the previous quarter (Jun 2024). However, it is higher than the revenue for the same quarter last year (Sep 2023) which was Rs. 1922 crore.
Net Profit
Net Profit for the current quarter (Sep 2024) is Rs. 63 crore, which is Rs. 44 crore more than the net profit in the previous quarter (Jun 2024). However, compared to the same quarter last year, it is significantly lower than the net profit of Rs. 84 crore for Sep 2023.
Profit Margin
The profit margin for the current quarter (Sep 2024) is 0, which is the same as the profit margin for the previous quarter (Jun 2024). However, compared to the same quarter last year, the profit margin remains unchanged at 0, as it was in Sep 2023.
EPS
The EPS for the current quarter (Sep 2024) is 2, which is 1 less than the EPS for the previous quarter (Jun 2024). However, compared to the same quarter last year, it is lower than EPS of 3 for Sep 2023.
Other Income
Other income for the current quarter (Sep 2024) is Rs. 12 crore, which is Rs. 13 crore less than the other income for the previous quarter (Jun 2024). However, compared to the same quarter last year, it is lower than the other income of Rs. 13 crore for Sep 2023.