Arvind rose 1.21% to Rs 46.15 after the company said its expects revenue to grow by about 9-10% and maintain EBITDA margin at around 10% for the full year.
The company's consolidated net profit fell 19.19% to Rs 49.68 crore on 8.74% jump in net sales to Rs 1,973.90 crore in Q2 September 2019 over Q2 September 2018. The announcement was made during trading hours today, 25 October 2019.EBITDA grew 7.14% to Rs 195 crore during Q2 September 2019 as against Rs 182 crore in Q2 September 2018. Overall EBITDA margin saw improvement over Q1 and stood at around 10%.
Meanwhile, the S&P BSE Sensex was down 162 points or 0.42% to 38,858.31.
On the BSE, 5.02 lakh shares were traded in the counter so far compared with average daily volumes of 2.29 lakh shares in the past two weeks. The stock hit an intraday high of Rs 47.50 and an intraday low of Rs 44.65 so far during the day.
The stock hit a 52-week high of Rs 125.02 on 1 November 2018. The stock hit a 52-week low of Rs 42 on 16 October 2019.
Arvind's principal products/services are finished fabrics and garments. Its segments are textiles; brands and retail, real estate and others. The textiles segment includes fabric, yarn and garments.
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