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 Limited
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%

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