Jan 30, 2013, 03.35 PM | Source: Moneycontrol.com
Textile company Arvind's consolidated net profit jumped by 45 percent year-on-year to Rs 75.4 crore in the third quarter of financial year 2012-13, sending shares 3 percent higher.
Consolidated revenues of the manufacturer of air-jet loom woven heavy denim and shirting fabrics rose by 16.3 percent to Rs 1,405.2 crore from Rs 1,208.2 crore during the same period.
Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 34.3 percent YoY to Rs 191.5 crore in December quarter.
Other income dropped 62 percent to Rs 13.6 crore in the October-December quarter of FY13 from Rs 35.6 crore in a year ago period.
At 15:24 hours IST, shares went up 2.86 percent to Rs 95.20 on Bombay Stock Exchange on Wednesday.
Trading volumes shot up quite sharply to 13,45,187 equity shares as against five day average of 1,82,994 shares.
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Ashwani Gujral of ashwanigujral.com recommends buy
Chandan Taparia of Anand Rathi Securities is of th
Axis Direct is bullish on Arvind has recommended b
"With this brand, we aim to capture a 10 percent m
ICICI Direct is bullish on Arvind has recommended