Arvind Ltd

The company posted the Q3FY14 numbers before the market ended its session but despite the good numbers, it ended the day in the red. Arvind posted a consolidated net profit at Rs.102 crore, up 35% (YoY) on a 28% jump in net sales at Rs.1792 crore. EBITDA came in at Rs272 crore, up 46% but the best expansion was in the EBITDA margin, which spurted up by a whopping 190 bps to 15.2%

This performance was spurred on by textiles and retail segments. The textile segment showed a 24% growth, driven by 20% growth in denim, 21% in woven fabrics and 35% in garment manufacturing. This segment contributes over 65% to the total income of the company. The other segment which did well was retail, which showed a 30% growth, contributing 30% to the overall topline. The company has ended 9MFY14 with a net profit at Rs.260 crore, which has already surpassed that of FY13 net profit of Rs.248 crore; clearly, with one more quarter to go, it will end FY14 on a much higher and exuberant note.