Arvind reports 74% fall in Q3 net profit

30 Jan 2013 Evaluate

Arvind has reported results for third quarter ended December 31, 2012.

The company has reported 73.65% fall in its net profit of Rs 65.85 crore for the quarter as compared to Rs 249.91 crore for the same quarter in the previous year. Total income from operation of the company has increased by 17.02% at Rs 970.54 crore for quarter under review as compared to Rs 829.36 crore for the quarter ended December 31, 2011.

Ahmedabad-based textile conglomerate will be establishing an integrated textile park that can house around 50 units near its existing plant at Santej, for which the company is scouting for a land of over 200 acres. The company has decided to invest around Rs 2,000 crore in an integrated textile park, after investing in its own denim, spinning, shirting, real estate and other business.

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