Arvind Ltd's Q1 loss narrows to Rs 11 cr from nearly Rs 100 cr a year ago

Better show on account of growth in exports and signs of recovery in domestic markets

Arvind Limited has seen its consolidated net loss narrow down to Rs 11.42 crore for quarter ended June 30, 2021, from Rs 97.31 crore in the said quarter last year. The better show was largely on account of growth in exports and signs of recovery in domestic markets.

Moreover, the consolidated net loss attributable to equity holders of the parent company stood at Rs 8.35 crore for Q1 of FY22 as against Rs 95.31 crore for Q1 of FY21. Arvind Limited's consolidated revenue from operations, on the other hand, grew by as much as 140 per cent to Rs 1,439.43 crore