Arvind registers strong Q4 FY21 results; Stock ends 2% higher

Full year revenues stood at Rs5073cr and EBITDA of Rs514cr.

May 26, 2021 04:05 IST India Infoline News Service

Arvind Limited has declared its financial results for the fourth quarter and full year of FY 2021.

Operational Highlights:
  • Q4 revenues stood at Rs1655cr and EBITDA (with other income) at Rs230cr (EBITDA margin of 13.9% compared to 10.2% in the previous year)
  • Full year revenues stood at Rs5073cr, EBITDA of Rs514cr
  • Net borrowings reduced by Rs132cr for the quarter, and Rs421cr over the course of full financial year 2021
Performance Highlights:
  • Denim volumes have recovered to 113% of previous year in Q4; Woven volumes recovered to 112% and garment volumes stood at 92% of previous year Q4
  • EBITDA margins in Textiles improved to 12.6% compared to 9.3% in the previous year Q4, despite significant increase in all input costs including cotton, yarns, dyes, chemicals, packaging and transport
  • For Advanced Materials, both revenues and EBITDA margins improved as compared to previous year, and stood at Rs198cr and 13.8%, for the fourth quarter (improved from 12.9% to 14.4% for the full year)
On Wednesday, Arvind ended at Rs78.50 apiece up by Rs1.3 or 1.68% on the BSE.

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