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.
Titan Ind Q3 meets expectations, profit up 24% to Rs 204 cr
NALCO Q3 profit more than doubles to Rs 119cr; shares rally
Balrampur Chini turns corner with Q3 profit at Rs 60 cr
Central Bank Q3 profit up 59%; shares down on provisions
According to Amit Gupta, Head- Derivatives at ICIC
Axis Direct is bullish on Arvind has recommended b
Prakash Gaba of prakashgaba.com likes Arvind with
Motilal Oswal is bullish on Arvind has recommended
In an interview with CNBC-TV18 Kulin Lalbhai, ED o