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Arvind Fashions’ consolidated net loss narrows to Rs 103.25 crore in Q4

03 Jun 2021 Evaluate

Arvind Fashions has reported results for fourth quarter and year ended March 31, 2021.

The company has reported net loss at Rs 22.92 crore for the quarter under review as compared to net loss of Rs 0.10 crore for the same quarter in the previous year. Total income of the company decreased by 70.78% at Rs 61.07 crore for Q4FY21 as compared Rs 209.01 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss from continuing operations and discontinuing operations attributable to equity holders at Rs 103.25 crore for the quarter under review as compared to net loss of Rs 204.34 crore for the same quarter in the previous year. However, total income of the company increased by 11.06% at Rs 794.18 crore for Q4FY21 as compared Rs 715.08 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported net loss at Rs 59.41 crore as compared to net loss of Rs 4.89 crore for the previous year. Total income of the company decreased by 63.88% at Rs 313.04 crore for year under review as compared to Rs 866.55 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported net loss from continuing operations and discontinuing operations attributable to equity holders at Rs 579.78 crore as compared to net loss of Rs 400.74 crore for the previous year. Total income of the company decreased by 36.58% at Rs 2,329.50 crore for year under review as compared to Rs 3,673.35 crore for year ended March 31, 2020.

Arvind Fashions Share Price

464.35 -10.35 (-2.18%)
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