Stock Report

Arvind Ltd Q1FY22 consolidated loss at Rs. 8.35 crore



Posted On : 2021-08-05 13:39:02( TIMEZONE : IST )

Arvind Ltd Q1FY22 consolidated loss at Rs. 8.35 crore

Arvind Ltd., has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.1449.35 crores during the period ended June 30, 2021 as compared to Rs.1676.26 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.(8.35) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.53.18 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.(0.32) for the period ended June 30, 2021 as compared to Rs.2.05 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 1449.35 crs₹ 1676.26 crsDown Tick -13.54%
Net Profit₹ (8.35) crs₹ 53.18 crsDown Tick -115.7%
EPS₹ (0.32)₹ 2.05Down Tick -115.61%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.1449.35 crores during the period ended June 30, 2021 as compared to Rs.603.22 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.(8.35) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(95.31) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.(0.32) for the period ended June 30, 2021 as compared to Rs.(3.68) for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 1449.35 crs₹ 603.22 crsUp Tick 140.27%
Net Profit₹ (8.35) crs₹ (95.31) crsDown Tick -91.24%
EPS₹ (0.32)₹ (3.68)Down Tick -91.3%

Denim volumes grew 2.8x on YoY basis; Woven volumes 3.3x and Garment volumes 1.8x. EBITDA margins in Textiles stood at 8.9%. Input costs continued to increase sharply, but were partially offset by improved price realization and higher efficiencies. Textile performance was relatively strong given the impact of wave 2, both in domestic markets as well as factory closures that impacted supply side.

Advanced Materials, delivered a robust quarter, and revenues stood at INR 193 crores. EBITDA for AMD for the quarter was 13%.

Shares of Arvind Ltd., was last trading in BSE at Rs. 108.15 as compared to the previous close of Rs. 108.2. The total number of shares traded during the day was 310362 in over 3877 trades.

The stock hit an intraday high of Rs. 109.95 and intraday low of 107.5. The net turnover during the day was Rs. 33764080.

Source : Equity Bulls

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