Arvind Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 18, 2023 at 04:37 am EDT
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Arvind Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 18,807.6 million compared to INR 21,970.4 million a year ago. Revenue was INR 18,930.9 million compared to INR 22,068.4 million a year ago. Net income was INR 970 million compared to INR 828.9 million a year ago. Basic earnings per share from continuing operations was INR 3.54 compared to INR 3.65 a year ago. Diluted earnings per share from continuing operations was INR 3.54 compared to INR 3.63 a year ago. Basic earnings per share was INR 3.72 compared to INR 3.23 a year ago. Diluted earnings per share was INR 3.72 compared to INR 3.21 a year ago.
For the full year, sales was INR 83,824.8 million compared to INR 80,098.7 million a year ago. Revenue was INR 84,270 million compared to INR 80,596.1 million a year ago. Net income was INR 4,045.6 million compared to INR 2,381.5 million a year ago. Basic earnings per share from continuing operations was INR 15.65 compared to INR 10.18 a year ago. Diluted earnings per share from continuing operations was INR 15.63 compared to INR 10.14 a year ago. Basic earnings per share was INR 15.51 compared to INR 9.17 a year ago. Diluted earnings per share was INR 15.49 compared to INR 9.13 a year ago.
Arvind Limited is an India-based vertically integrated textile company. The Company operates through three segments: Textiles, Advanced Materials and Others. The Textiles segment includes fabrics, garments, and fabric retail. The Advanced Materials segment consists of human protection fabrics and garments, industrial products, advance composites, and automotive fabrics. The Others segment includes e-commerce, agriculture produce, EPABX and one to many radios, developing of residential units and others. It also manufactures a range of cotton shirting, denim, knits, and bottom weights (Khakis) fabrics and jeans and shirts garments. Its businesses include fabric and apparel, brands and retail, real estate, engineering, Internet, environmental solutions, advanced materials, telecom, and garmenting. Its subsidiaries include Arvind PD Composite Private Limited, Arvind OG Nonwovens Private Limited, Arvind Internet Limited, and Arvind Goodhill Suit Manufacturing Private Limited, among others.
ARVIND LIMITED 
