Arvind Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 30, 2024 at 01:10 am EST
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Arvind Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 18,882.4 million compared to INR 19,797.9 million a year ago. Revenue was INR 18,976.5 million compared to INR 19,921.1 million a year ago. Net income was INR 917 million compared to INR 841.2 million a year ago. Basic earnings per share from continuing operations was INR 3.5 compared to INR 3.23 a year ago. Diluted earnings per share from continuing operations was INR 3.5 compared to INR 3.23 a year ago. Basic earnings per share was INR 3.5 compared to INR 3.22 a year ago. Diluted earnings per share was INR 3.5 compared to INR 3.22 a year ago.
For the nine months, sales was INR 56,632.4 million compared to INR 65,017.2 million a year ago. Revenue was INR 56,962.4 million compared to INR 65,339.1 million a year ago. Net income was INR 2,375.8 million compared to INR 3,075.6 million a year ago. Basic earnings per share from continuing operations was INR 9.08 compared to INR 12.11 a year ago. Diluted earnings per share from continuing operations was INR 9.08 compared to INR 12.09 a year ago. Basic earnings per share was INR 9.08 compared to INR 11.79 a year ago. Diluted earnings per share was INR 9.08 compared to INR 11.77 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 
