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Stock Report
Arvind Mills Ltd Q4 net profit drops to Rs.54 million
Posted On : 2007-05-12 03:35:26( TIMEZONE : IST )
Arvind Mills Ltd has announced the Audited financial results for the quarter & year ended March 31, 2007. The results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 54.00 million for the quarter ended March 31, 2007 where as the same was at Rs 214.70 million for the quarter ended March 31, 2006. Total Income is Rs 4911.90 million for the quarter ended March 31, 2007 where as the same was at Rs 3639.60 million for the quarter ended March 31, 2006.
The results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 1195.60 million for the year ended March 31, 2007 where as the same was at Rs 1271.60 million for the year ended March 31, 2006. Total Income is Rs 18611.60 million for the year ended March 31, 2007 where as the same was at Rs 16113.10 million for the year ended March 31, 2006.
The consolidated results for the Year ended March 31, 2007 are as follows: The Group has posted a net profit after minority interest of Rs 1213.40 million for the year ended March 31, 2007 where as the same was at Rs 858.20 million for the year ended March 31, 2006. Total Income is Rs 22015.90 million for the year ended March 31, 2007 where as the same was at Rs 21635.40 million for the year ended March 31, 2006.
Pursuant to the Composite Scheme of De-merger of Garment Business Division of Arvind Brands Ltd (a wholly owned subsidiary Company) and Amalgamation of Arvind Fashions Ltd (a wholly owned subsidiary Company) with retrospective effect form April 01, 2006, with Arvind Mills Ltd sanctioned by the H'bel High Court of Gujarat, the results of the Company for the quarter and twelve months include figures of Demerged Division and amalgamated Company for the same period respectively and hence not comparable with figures of previous quarter / year.
Commenting on the results, Mr. Jayesh Shah, Director and Chief Financial Officer said "The revenue and earnings of the Company are on the expected line, the efforts put in by the Company to tide over the current situation have shown encouraging initial results and we are hopeful of a better year in 2007-2008."
