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Arvind reports 16% fall in Q2 consolidated net profit

09 Nov 2017 Evaluate

Arvind has reported results for second quarter ended September 30, 2017.

The company has reported 37.60% fall in net profit at Rs 42.11 crore for the quarter ended September 30, 2017 as compared to Rs 67.48 crore for the same quarter in the previous year. The total income of the company decreased marginally by 0.07% at Rs 1516.82 crore for Q2FY18 as compared Rs 1517.81 crore for the corresponding quarter previous year.

On consolidate basis, the company has reported 15.85% fall in its net profit at Rs 64.50 crore for the quarter under review as compared to Rs 76.65 crore for the corresponding quarter in the FY17. However, total income of the company increased by 12.78% at Rs 2654.03 crore for quarter under review as compared to Rs 2353.22 crore for the same quarter ended previous year.


Peers
Company Name CMP
Vardhman Textiles 551.25
Welspun Living 222.25
Arvind 535.40
Raymond Lifestyle 652.85
K.P.R. Mill 1120.80
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