Ahmedabad, India – January 28, 2025: Arvind Limited (NSE: ARVIND, BSE: 500101), a leading textile and apparel manufacturer, has announced its unaudited financial results for the third quarter (Q3) and nine months ended December 31, 2024. The company reported stable revenue growth, with profit after tax (PAT) at ₹97.07 crore on a consolidated basis.
Key Financial Highlights – Q3 FY2024-25 (Consolidated)
- Revenue from Operations: ₹2,089.21 crore (YoY growth of 10.6% from ₹1,888.24 crore)
- Total Income: ₹2,099.77 crore (YoY growth of 10.6%)
- Profit Before Tax (PBT): ₹145.45 crore (YoY growth of 21.3%)
- Profit After Tax (PAT): ₹97.07 crore (YoY growth of 15.3%)
- Earnings Per Share (EPS): ₹3.96 per share.
Nine-Month Performance (April – December 2024)
- Total Revenue: ₹6,108.12 crore (up 7.8% YoY)
- Profit Before Tax (PBT): ₹334.51 crore (up 2.9% YoY)
- Profit After Tax (PAT): ₹212.74 crore (down 1.8% YoY)
- Earnings Per Share (EPS): ₹7.74 per share.
Segment-Wise Performance
1. Textiles Business
- Revenue: ₹1,576.84 crore in Q3 FY25 (YoY growth of 10.6%)
- PBT: ₹131.72 crore, reflecting strong domestic demand and operational efficiencies.
2. Advanced Materials Business
- Revenue: ₹376.13 crore, with strong demand from industrial and automotive sectors.
- PBT: ₹52.54 crore, showing consistent profitability.
3. Others (EPABX, Water Treatment, Residential & Construction Contracts)
- Revenue: ₹177.04 crore, with a profit of ₹9.83 crore.
Strategic Developments & Key Announcements
- Advanced Materials Division Restructuring:
- The Board approved the slump sale of the Advanced Materials Division to Arvind Advanced Materials Limited, a wholly owned subsidiary.
- Strike Resolution at Santej Plant:
- Operations resumed fully after a 21-day worker strike in Q1 FY25.
- Deferred Tax Adjustment Due to Finance Act 2024:
- A one-time impact of ₹56.77 crore was recorded in Q2 FY25 due to changes in capital gains tax rates.
Management Commentary
Punit S. Lalbhai, Vice Chairman, Arvind Limited, stated:"We continue to see strong demand in our core textile business, supported by sustained investments in advanced materials and technical textiles. Restructuring our Advanced Materials Division will enhance operational efficiencies and long-term growth."
Market Outlook & Investor Takeaways
- Textile demand remains strong, with a focus on premium products and sustainability.
- Strategic restructuring and efficiency improvements are expected to drive long-term profitability.
- Stable revenue growth across segments, positioning Arvind Limited for continued expansion