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Arvind Ltd Q3 net down 30% to Rs 25 cr, textile business rebounds

Consolidated revenue from operations dips 19% to Rs 1,514 crore

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In its presentation to the stock exchanges, Arvind Ltd stated that its earnings were lower on account of the Covid-19 pandemic

Vinay Umarji Ahmedabad
Textile and branded apparel player Arvind Ltd has posted a 30 per cent dip in consolidated net profit, to Rs 24.91 crore for the third quarter ended December 31, 2020, from Rs 35.77 crore in the said quarter last year.

The company's consolidated revenue from operations dipped nearly 19 per cent year-on-year in the quarter to Rs 1,514 crore, from Rs 1,869 crore in the corresponding period last year. Sequentially, however, the company's consolidated revenue from operations rose 16 per cent in Q3 from Rs 1,305 crore in the second quarter ended September 30, 2020.

In its presentation to the stock exchanges,

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First Published: Feb 04 2021 | 5:02 PM IST

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