Arvind Limited has declared its financial results for the second quarter of FY 2022.
- Q2 revenues up 62% at ₹ 2115 crores; both Textiles & AMD revenues up 60%+
- Q2 EBITDA at ₹230 crores, EBITDA margin was 11% compared to 10.3% last year
- Textiles ROCE touching 20%
- Debt reduction progress as planned
Volumes grew across all segments as post Covid demand stayed strong in both export and domestic markets. Input costs continued to increase sharply, but were mostly offset by improved price realization and higher efficiencies.
Advanced Materials, delivered a robust quarter, and revenues stood at INR 297 crores. EBITDA for AMD for the quarter was 12%.
Shares of Arvind Limited was last trading in BSE at Rs. 136.95 as compared to the previous close of Rs. 124.70. The total number of shares traded during the day was 403859 in over 5047 trades.
The stock hit an intraday high of Rs. 138.20 and intraday low of 125.00. The net turnover during the day was Rs. 54078868.00.
Source : Equity Bulls