Arvind Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
October 27, 2021 at 03:11 am EDT
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Arvind Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 21,151.4 million compared to INR 13,051.7 million a year ago. Revenue was INR 21,327.4 million compared to INR 13,189.5 million a year ago. Net income was INR 695.8 million compared to INR 7 million a year ago. Basic earnings per share from continuing operations was INR 2.69 compared to INR 0.03 a year ago. Diluted earnings per share from continuing operations was INR 2.67 compared to INR 0.03 a year ago.
For the six months, sales was INR 35,545.7 million compared to INR 19,044.5 million a year ago. Revenue was INR 35,820.9 million compared to INR 19,221.7 million a year ago. Net income was INR 612.3 million compared to net loss of INR 946.1 million a year ago. Basic earnings per share from continuing operations was INR 2.37 compared to basic loss per share from continuing operations of INR 3.65 a year ago. Diluted earnings per share from continuing operations was INR 2.35 compared to diluted loss per share from continuing operations of INR 3.65 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 
