Arvind Ltd Q2 reports net loss of 5.86cr in Sep-20 quarter
Arvind Ltd reported a fall of 33.48% in top-line sales for the Sep-20 quarter at Rs1,305.17cr.
Oct 29, 2020 08:10 IST India Infoline News Service
Arvind Ltd reported fall of 33.48% in top line sales for the Sep-20 quarter at Rs1,305.17cr. The operating profits for the quarter ended Sep-20 was down 60.12% at Rs48.78cr while net the bottom line turned into a net loss of Rs5.85cr in the Sep-20 quarter as compared to a net profit of Rs49.86cr in the Sep-19 quarter.
This had an overall impact on the margins of Arvind Fashions too. For the Sep-20 quarter, the operating profit margins or OPM was up down by nearly 250 basis points at 3.74% on the back of lower sales revenues in the quarter on account of COVID impact. However, the net profit margins or NPM slipped into the negative at -0.45% in the Sep-20 quarter as against 2.53% in the Sep-19 quarter.
Financial highlights for Sep-20 compared yoy and sequentially| Rs in Crore | Sep-20 | Sep-19 | YOY | Jun-20 | QOQ |
| Revenues | 1,305.17 | 1,962.19 | -33.48% | 599.28 | 117.79% |
| Operating Profit | 48.78 | 122.32 | -60.12 | -100.82 | Not Relevant |
| Net Profits | -5.86 | 49.68 | Not Relevant | -97.31 | Not Relevant |
| Diluted EPS (Rs) | 0.03 | 1.86 | -3.68 | ||
| OPM | 3.74% | 6.23% | -11.63% | ||
| Net Margins | -0.45% | 2.53% | -16.24% |
