Arvind Ltd Q3 net profit rises 7% at Rs 109.1 crore

Textiles major Arvind Ltd today reported 6.78 per cent increase in its consolidated net profit at Rs 109.1 crore for the third quarter ended December 2014.
The company had posted a consolidated net profit of Rs 102.17 crore in the same period last fiscal, Arvind Ltd said in a filing to the BSE.
Consolidated net sales during the period under review stood at Rs 2,069.29 crore as against Rs 1,768.52 crore in the same period last fiscal.
Revenue from textiles segment during the quarter was at Rs 1,290.68 crore as compared to Rs 1,176.37 crore last fiscal.
Brand and retail revenue in the third quarter was at Rs 658.68 crore as against Rs 543.87 crore in the year ago period.

Real estate revenue was at Rs 36.95 crore as against Rs 13.67 crore in the same period last fiscal.

Commenting on the results, Arvind Ltd Director and Chief Financial Officer, Jayesh Shah, said the revenue growth was led by growth in brand, retail and textile businesses.
"While we see strong global demand for textiles, Indian retail demand is not as expected. We expect revenue growth at 14-15 per cent for this financial year...," he added.
Arvind Ltd shares were trading 3.39 per cent up at Rs 301.95 per scrip during afternoon session on the BSE.