Arvind Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 06, 2024 at 03:30 am
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Arvind Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 20,745.1 million compared to INR 18,807.6 million a year ago. Revenue was INR 20,823.4 million compared to INR 18,930.9 million a year ago. Net income was INR 990.3 million compared to INR 970 million a year ago. Basic earnings per share from continuing operations was INR 3.79 compared to INR 3.54 a year ago. Diluted earnings per share from continuing operations was INR 3.78 compared to INR 3.54 a year ago. Basic earnings per share was INR 3.79 compared to INR 3.72 a year ago. Diluted earnings per share was INR 3.78 compared to INR 3.72 a year ago.
For the full year, sales was INR 77,377.5 million compared to INR 83,824.8 million a year ago. Revenue was INR 77,785.8 million compared to INR 84,270 million a year ago. Net income was INR 3,366.1 million compared to INR 4,045.6 million a year ago. Basic earnings per share from continuing operations was INR 12.87 compared to INR 15.65 a year ago. Diluted earnings per share from continuing operations was INR 12.86 compared to INR 15.63 a year ago. Basic earnings per share was INR 12.87 compared to INR 15.51 a year ago. Diluted earnings per share was INR 12.86 compared to INR 15.49 a year ago.
Arvind Limited is an India-based vertically integrated textile company. The Company operates through three segments: Textiles, Advanced Materials and Others. The Textiles segment includes fabrics, garments, and fabric retail. The Advanced Materials segment consists of human protection fabrics and garments, industrial products, advance composites, and automotive fabrics. The Others segment includes e-commerce, agriculture produce, EPABX and one to many radios, developing of residential units and others. It also manufactures a range of cotton shirting, denim, knits, and bottom weights (Khakis) fabrics and jeans and shirts garments. Its businesses include fabric and apparel, brands and retail, real estate, engineering, Internet, environmental solutions, advanced materials, telecom, and garmenting. Its subsidiaries include Arvind PD Composite Private Limited, Arvind OG Nonwovens Private Limited, Arvind Internet Limited, and Arvind Goodhill Suit Manufacturing Private Limited, among others.
ARVIND LIMITED 
