The government's decision to waive import duty specifically applies to extra-long staple (ELS) variety cotton, which includes premium types like US Pima and Egyptian Giza
Donear Group's GBTL has bid for all assets of the textile company, while Arvind has bid for all categories except equity of BRFL Textile.
Revenue from operations was at Rs 2,203.50 crore as against Rs 1,654.87 crore in the corresponding period of previous fiscal year.
The company had posted a net profit of Rs 22.44 crore during the October-December period of the previous fiscal, Arvind said in a regulatory filing.
The company had posted a net profit of Rs 49.68 crore in the July-September quarter a year ago, the company said in a BSE filing.
The company had posted a net profit of Rs 24.39 crore in April-June quarter a year ago.
The company had posted a net profit of Rs 66.71 crore during January-March quarter of the previous fiscal, Arvind said in a regulatory filing.
Net sales during the quarter stood at Rs 1,962.19 crore as against Rs 1,792.91 crore in the year-ago quarter.
Total income in the reported quarter stood at Rs 1,879.03 crore. It was at Rs 1,863.03 crore in the year-ago period, the company said in a BSE filing.
Arvind Fashions and Anveshan may also get independently listed in early January, the company added.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 28 points or 0.24 percent. Nifty futures were trading around 11,406-level on the Singaporean Exchange.
Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 10.5 points or 0.1 percent. Nifty futures were trading around 10,761-level on the Singaporean Exchange.
A close beyond 10,400 levels with healthy volumes can pause the current bearishness triggering a short covering to levels of 10,640-10,730.
Sharekhan is bullish on Arvind Ltd has recommended buy rating on the stock with a target price of Rs 500 in its research report dated March 12, 2018.
The engineering business will be demerged in to an entity which will be named Anup Engineering
Textiles to retail conglomerate Arvind Ltd today said it plans to raise up to Rs 500 crore through issuance of non-convertible debentures on a private placement basis.
Arvind Fashion Brands Ltd. today announces its joint venture partnership with the legendary Sachin Tendulkar to launch an iconic premium ...
Emkay is bullish on Arvind ltd and has recommended buy rating on the stock with a target price of Rs 300 in its research report dated feburary 05, 2016
Mr Santosh Kumar Gangwar, Union Textiles Minister stated that restructuring of the Technology Upgradation Fund (TUF) Scheme is under active ...
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.
Kulin Lalbhai, ED - New Initiatives at Arvind says a core part of the strategy will be a rapid rollout of 'The Arvind Store' retail format, which will be expanded to 400 outlets in next five years from 100 now.
Textile major Arvind Ltd is eyeing Rs 1,400-1,500 crore in revenue from its retail business by next financial year, a top company official said on Friday.
Sanjay Lalbhai, CMD of Arvind says the company managed a 15% growth for its textile business in FY12. "Our topline grew by 6% in the fourth quarter of last fiscal year," he said in a press conference.
Arvind Ltd is one of the largest producers of denim in the world, with an annual capacity of 108 million metres. It is the largest manufacturer, marketer and exporter of textile fabrics and garments in India.