Lockdown-hit Arvind Ltd posts Q1 consolidated loss before tax of Rs 156 cr

Consolidated income during the quarter fell by nearly 69 per cent to Rs 603.22 crore from Rs 1,917.21 crore in Q1 of FY20

Taking a hit during the Covid-19 pandemic-led lockdown, textile and apparel conglomerate Arvind Ltd has posted a consolidated loss before tax (LBT) of Rs 156.10 crore for the April-June quarter in fiscal year 2020-21, based on the company's filing on exchanges on Monday. The company had posted a profit before tax (PBT) of Rs 40.71 crore in the same quarter last year.

Arvind's consolidated income during the quarter fell by nearly 69 per cent to stand at Rs 603.22 crore as compared to Rs 1,917.21 crore in Q1 of FY20. According to Arvind Ltd, its earnings before interest, tax, depreciation and