Arvind Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 25, 2023 at 01:24 am EST
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Arvind Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 19,797.9 million compared to INR 22,700.7 million a year ago. Revenue was INR 19,921.1 million compared to INR 22,833 million a year ago. Net income was INR 841.2 million compared to INR 927.7 million a year ago. Basic earnings per share from continuing operations was INR 3.22 compared to INR 3.73 a year ago. Diluted earnings per share from continuing operations was INR 3.22 compared to INR 3.73 a year ago. Basic earnings per share was INR 3.22 compared to INR 3.57 a year ago. Diluted earnings per share was INR 3.22 compared to INR 3.57 a year ago.
For the nine months, sales was INR 65,017.2 million compared to INR 58,128.3 million a year ago. Revenue was INR 65,339.1 million compared to INR 58,529.1 million a year ago. Net income was INR 3,075.6 million compared to INR 1,540 million a year ago. Basic earnings per share from continuing operations was INR 12.07 compared to INR 6.5 a year ago. Diluted earnings per share from continuing operations was INR 12.05 compared to INR 6.48 a year ago. Basic earnings per share was INR 11.79 compared to INR 5.94 a year ago. Diluted earnings per share was INR 11.77 compared to INR 5.92 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 
