Arvind Fashions Ltd posts consolidated loss of Rs. 176.90 crore in Q1FY22

Arvind Fashions Limited has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.340.43 crores during the period ended June 30, 2021 as compared to Rs.705.95 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.(176.90) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(103.25) crores for the period ended March 31, 2021.

The company has reported EPS of Rs.(16.31) for the period ended June 30, 2021 as compared to Rs.(10) for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 340.43 crs	₹ 705.95 crs	-51.78%
Net Profit	₹ (176.90) crs	₹ (103.25) crs	71.33%
EPS	₹ (16.31)	₹ (10)	63.1%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.340.43 crores during the period ended June 30, 2021 as compared to Rs.129.66 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.(176.90) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(196.77) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.(16.31) for the period ended June 30, 2021 as compared to Rs.(25.16) for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 340.43 crs	₹ 129.66 crs	162.56%
Net Profit	₹ (176.90) crs	₹ (196.77) crs	-10.1%
EPS	₹ (16.31)	₹ (25.16)	-35.17%

Commenting on the performance of the company, Mr. Shailesh Chaturvedi, MD & CEO said "Employees safety remained our priority during second wave. Our business remained far more resilient during current quarter compared to last year, led by measures on cost control and cash flow management. Robust sales recovery compared to pre-COVID shows the strong customer pull for our 6 high conviction brands that remain highly suited for post-COVID & WFH norms. Digital initiatives backed by omni-channel capabilities is helping in stronger sales recovery. We remain very optimistic of improved financial performance as business returns to normal in coming quarters."

Shares of Arvind Fashions Limited was last trading in BSE at Rs. 220.7 as compared to the previous close of Rs. 218.25. The total number of shares traded during the day was 135810 in over 3864 trades.

The stock hit an intraday high of Rs. 226.5 and intraday low of 214.6. The net turnover during the day was Rs. 29943218.

Source : Equity Bulls

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