Arvind hits 52-week high on robust results for Q2FY22

Input costs continued to increase sharply, but were mostly offset by improved price realization and higher efficiencies.

Oct 27, 2021 02:10 IST India Infoline News Service

Arvind Limited has declared its financial results for the second quarter of FY 2022.

Q2FY22 Highlights:
  • Q2 revenues up 62% at Rs2115cr; both Textiles & AMD revenues up 60%+
  • Q2 EBITDA at Rs230cr, EBITDA margin was 11% compared to 10.3% last year
  • Textiles ROCE touching 20%
  • Debt reduction progress as planned
Performance Highlights:
Volumes grew across all segments as post Covid demand stayed strong in both export and domestic markets. Input costs continued to increase sharply, but were mostly offset by improved price realization and higher efficiencies.

Advanced Materials, delivered a robust quarter, and revenues stood at Rs297cr. EBITDA for AMD for the quarter was 12%.

At around 2:18 PM, Arvind was trading at Rs130.15 apiece down by Rs6.8 or 4.97%, after hitting 52-week high at Rs138.90 per piece during early trading hours on Wednesday.

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