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Arvind Fashions reports 9% fall in Q4 consolidated net profit

Mumbai : Arvind Fashions has reported results for the fourth quarter and year ended March 31, 2019. The company has reported a rise of 31.84% in its net profit at Rs 20.62 crore for the quarter ended March 31, 2019 as compared to Rs 15.64 crore for the same quarter in the previous year. However, total income of the company decreased by 21.00% at Rs 218.42 crore for quarter under review as compared to Rs 276.47 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported fall of 9.21% in its net profit at Rs 21.30 crore for the quarter ended March 31, 2019 as compared to Rs 23.46 crore for the corresponding quarter in the FY18. However, total consolidated income of the company rose marginally by 0.82% at Rs 1,168.98 crore for quarter under review as compared to Rs 1,159.44 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the company has posted a rise of 15.21% in its net profit at Rs 61.51 crore as compared to Rs 53.39 crore for the previous year. Total income of company increased 1.01% at Rs 1,011.69 crore for year under review as compared to Rs 1,001.61 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 66.25% in its net profit at Rs 21.48 crore as compared to Rs 12.92 crore for the previous year. Total income of company increased by 9.85% at Rs 4,647.99 crore for year under review as compared to Rs 4,231.34 crore for year ended March 31, 2018.

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