Arvind Ltd., one of the largest integrated textile and branded apparel players in the country, has recorded 10 per cent growth in the consolidated revenue at Rs. 1,406 crores for the quarter ended March 31, 2013, as against Rs. 1,278 crores in the corresponding quarter of the previous year. Consolidated EBIDTA is up by 54 per cent at Rs. 203 crores (Rs. 131 crores). Profit after tax grew to Rs. 76 crores as compared to Rs. 67 crores in the corresponding quarter of last year.
For the financial year, the company reported seven per cent growth in revenue and 14 per cent growth in operating profit (EBIDTA). Revenue for the year stood at Rs. 5,293 crores as against Rs. 4,925 crores for the previous year. Net profit after tax from ordinary activity stood at Rs. 248 crores (Rs. 245 crores). At the operating level, consolidated EBIDTA for the year ended March 31, 2013, increased by 14 per cent at Rs. 687 crores as against Rs. 602 crores for the previous year. The Board of Directors has recommended a dividend of 16.5 per cent for 2012-13 as against 10 per cent for the previous year.
Commenting on the results as well as outlook of the company, Mr. Jayesh Shah, Director & Chief Financial Officer, said: “It is very heartening to note that despite the very challenging macro-economic environment with high inflation and weak consumer sentiments as well as the unforeseen labour strike in the first quarter, we not only recorded revenue growth but also improved profitability. Currently all the business verticals are performing well, and based on the growth momentum they have attained, we are hopeful of growing by 20 per cent during 2013-14.”