Arvind logs 50% yoy rise in Q3 revenue at Rs2276cr on robust volume growth in textile biz; Stock surges over 1.5%

28 Jan 2022 , 09:16 AM

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

Operational Highlights:

• Revenues up 50% at Rs2276cr; Textiles revenues up 57% & AMD up 42%+
• Q3 EBITDA at Rs237cr (up 46%), PBT at Rs142cr and PAT at Rs93cr — all time high numbers
• Overall ROCE stood at 15.5%
• Debt reduction of Rs157cr during the quarter as planned

Performance Highlights:

Volumes grew across all Textile segments as post-Covid demand stayed strong in both export and domestic markets. Cotton prices rose sharply, and other input costs continued to stay high, but were mostly offset by improved price realization and higher efficiencies.

Advanced Materials, delivered a robust quarter, and revenues stood at Rs267cr. EBITDA for AMD for the quarter was 13%.

The Company expects Q4 to deliver strong results similar to the 3rd quarter.

On Friday morning trade, Arvind was trading at Rs140.05 per piece higher by 1.56% on Sensex.