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Arvind reports 49% fall in Q3 consolidated net profit

07 Feb 2019 Evaluate

Arvind has reported results for third quarter ended December 31, 2018.

The company has reported a fall of 54.97% in its net profit at Rs 27.30 crore for the quarter under review as compared to Rs 60.63 crore for the same quarter in the previous year. Total income of the company decreased by 4.40% at Rs 1,532.54 crore for Q3FY19 as compared Rs 1,603.03 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 49.27% in its net profit at Rs 40.07 crore for the quarter under review as compared to Rs 78.99 crore for the same quarter in the previous year. However, total income of the company increased marginally by 0.13% at Rs 1,706.87 crore for Q3FY19 as compared Rs 1,704.67 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Vardhman Textiles 552.00
Welspun Living 223.50
Arvind 536.40
Raymond Lifestyle 654.40
K.P.R. Mill 1122.65
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