Aarvee Denims & Exports reports standalone net loss of Rs 21.91 crore in the March 2021 quarter

Sales rise 18.81% to Rs 138.94 crore

Net loss of Aarvee Denims & Exports reported to Rs 21.91 crore in the quarter ended March 2021 as against net profit of Rs 7.88 crore during the previous quarter ended March 2020. Sales rose 18.81% to Rs 138.94 crore in the quarter ended March 2021 as against Rs 116.94 crore during the previous quarter ended March 2020.

For the full year,net loss reported to Rs 64.19 crore in the year ended March 2021 as against net loss of Rs 41.93 crore during the previous year ended March 2020. Sales declined 50.27% to Rs 279.13 crore in the year ended March 2021 as against Rs 561.34 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales138.94116.94 19 279.13561.34 -50 OPM %-9.2115.04 --2.066.07 - PBDT-25.163.48 PL -50.93-17.18 -196 PBT-33.31-6.14 -443 -83.08-55.53 -50 NP-21.917.88 PL -64.19-41.93 -53

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