Arvind’s Q1 results show revenue fell from 1893.09 crores to 1865.13 crores, a -1.48% decrease in growth. EPS down from ₹3.72 to ₹2.52, down by -32.26%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Arvind shared its Q1 results on Thursday. They earned 1865.13 crores in revenue this quarter, but that’s less than the 1893.09 crores they made last quarter. Unfortunately, the company’s growth decreased by -1.48 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 65.87 crores, down from 97 crores in the previous quarter. Their quarter-to-quarter growth decreased by -32.09 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹2.52, which is a decrease of -32.26% from the ₹3.72 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 1865.13 crores this year (2023), which is -20.99 percent lower than last year’s total revenue of 2360.57 crores.
This year’s PAT (Profit After Tax) is 65.87 crores, which is also -33.07% lower than last year’s PAT of 98.42 crores.
The EPS (Earnings Per Share) for this year is ₹2.52, which is -32.98% less than the EPS of ₹3.76 earned last year.
Also Read: Indian Bank Q1FY24 Results: Consolidated PAT Rises to Rs 1849.68 Cr
Arvind Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Arvind:
Arvind Limited, the leading company of the Lalbhai Group, is a textile manufacturer with its headquarters located in Naroda, Ahmedabad, Gujarat, India. Additionally, it has units at Santej. The company specializes in manufacturing cotton shirting, denim, knits, and bottomweight fabrics.
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