Arvind Fashions posts consolidated net profit of Rs 21.30 crore in Q4

FY19 saw the apparel maker's business segments, including power brands, specialty retail and emerging brands, post a healthy growth

Arvind Fashions Ltd, the recently de-merged entity of Arvind Ltd, posted a consolidated net profit of Rs 21.30 crore for the fourth quarter (Q4) ended March 31, 2019, according to its BSE filing on Thursday. The company's total consolidated income for Q4FY19 stood at Rs 1,168.98 crore.

In October 2018, the National Company Law Tribunal (NCLT) had approved the demerger of Arvind Limited's apparel brand to create Arvind Fashions Limited. All assets, liabilities, income and expenses of the brand had been transferred to the newly formed entity. Consequently, the current quarter and year-end numbers are not comparable with the corresponding