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Arvind’s consolidated net loss narrows to Rs 8 crore in Q1

05 Aug 2021 Evaluate

Arvind has reported results for first quarter ended June 30, 2021.

The company has reported a net profit of Rs 1.89 crore for the quarter under review as compared to net loss of Rs 76.86 crore for the same quarter in the previous year. Total income of the company jumped by around 3-fold at Rs 1,352.16 crore for Q1FY22 as compared Rs 501.99 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss attributed to the owners at Rs 8.35 crore for the quarter under review as compared to net loss of Rs 95.31 crore for the same quarter in the previous year. Total income of the company jumped by over 2-fold at Rs 1,449.35 crore for Q1FY22 as compared Rs 603.22 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Vardhman Textiles 486.70
Welspun Living 219.20
Arvind 491.15
Raymond Lifestyle 479.30
K.P.R. Mill 1115.00
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