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Arvind to monetize Rs 30 crore from real estate in Q1: Report

05 Jun 2013 Evaluate

Textile player Arvind, who is looking to monetise nearly Rs 30 crore from real estate in first quarter (Q1), is currently focusing on the total debt to EBITDA, which is likely to remain below 3% in FY14. Further, the company aims to boost sales by more than 20% in FY14. Also, the company expects its margins to improve from 13% currently, to more than 14% in Q1FY14.

The company’s consolidated net profit grew by 13.66% at Rs 75.79 crore in Q4FY13 as compared to Rs 66.68 crore in the similar quarter of the previous year. Its total income from operations increased by 10.01% at Rs 1406.11 crore as compared to Rs 1278.10 crore a period ago.

Ahmedabad based Arvind is the flagship company of the Lalbhai group. The company is one of India's leading composite manufacturers of textiles and is also among the largest denim manufacturers in the world. It also manufactures a range of cotton shirting, denim, knits and bottom weights (Khakis) fabrics. Arvind also markets branded apparels.

Peers
Company Name CMP
Vardhman Textiles 536.45
Welspun Living 235.85
Arvind 529.75
Raymond Lifestyle 624.95
K.P.R. Mill 1100.90
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