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Last Updated : May 14, 2015 02:20 PM IST | Source: PTI

Arvind Q4 net tanks 49% on exceptional expense

Arvind's net sales rose 8.09 percent to Rs 2,032.35 crore in the quarter under review as against Rs 1,880.23 crore a year earlier.

 
 
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Textile firm Arvind on Thursday reported a 48.71 percent decline in consolidated net profit at Rs 48.23 crore for the March quarter due to exceptional expense of Rs 48.44 crore.


The company had posted a net profit of Rs 94.05 crore in the same period a year ago, it said in a BSE filing. Arvind's net sales rose 8.09 percent to Rs 2,032.35 crore in the quarter under review as against Rs 1,880.23 crore a year earlier.


For the full financial year ended March 31, 2015, Arvind's net profit stood at Rs 341.1 crore, down from Rs 353.89 crore in the previous financial year.

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Arvind's net sales for the entire year came in at Rs 7,814.64 crore as against Rs 6,912.7 crore in the previous fiscal.


The Board of Directors has recommended a dividend of Rs 2.55 for the year ended March 31, 2015. Arvind was trading at Rs 254.50 in the afternoon trade, down 0.49 percent from the previous close, on BSE. 



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First Published on May 14, 2015 02:20 pm
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