Arvind shares up nearly 4% post Q1 earnings

Shares of textile and apparel player Arvind Ltd today rose by nearly 4 per cent after the company posted 27 per cent growth in profit for the June quarter.
The scrip gained 3.66 per cent to settle at Rs 304.10 on BSE. During the day, it surged 4.65 per cent to Rs 307.
On NSE, shares of the company went up by 3.68 per cent to end at Rs 304.15.
On the volume front, 7.99 lakh shares of the company were traded on BSE and over 57 lakh shares of the company changed hands at NSE during the day.
Arvind Ltd today posted 27 per cent rise in consolidated profit after tax at Rs 74 crore for the quarter ended June 30, 2016-17 fiscal.

The company's PAT had stood at Rs 58 crore in the first quarter of last fiscal.
The revenue grew by 18 per cent at Rs 2,104 crore for the quarter under review as against Rs 1,787 crore in the year-ago period.