Arvind rose 2.01% to Rs 299.25 at 14:54 IST on BSE after consolidated net profit jumped 32.92% to Rs 73.36 crore on 17.08% growth in total income to Rs 2123.74 crore in Q1 June 2016 over Q1 June 2015.
The result was announced during trading hours today, 4 August 2016.Meanwhile, the S&P BSE Sensex was down 50.59 points, or 0.18%, to 27,646.92.
On BSE, so far 6.90 lakh shares were traded in the counter, compared with an average daily volume of 2.28 lakh shares in the past one quarter. The stock hit a high of Rs 301.80 and a low of Rs 286.95 so far during the day. The stock hit a 52-week high of Rs 365.50 on 6 January 2016. The stock hit a 52-week low of Rs 235.90 on 29 February 2016. The stock had underperformed the market over the past one month till 3 August 2016, falling 10.54% compared with 2.04% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 4.51% as against the Sensex's 9.78% rise.
The mid-cap integrated textiles company has equity capital of Rs 258.24 crore. Face value per share is Rs 10.
Arvind said in its Q1 June 2016 results press release that its profit after tax before exceptional items rose 27% to Rs 74 crore on 18% increase in revenue to Rs 2104 crore in Q1 June 2016 over Q1 June 2015. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 16% at Rs 241 crore in Q1 June 2016 over Q1 June 2015.
Commenting on the results as well as outlook of the company, Jayesh Shah, director and chief financial officer said that the company's textiles business continues to deliver a strong performance as it continues to pursue a calibrated growth strategy. The brands business continues to demonstrate strong growth, he said. The company's established power brands consolidated their market positions in Q1 June 2016.
Arvind is one of the largest integrated textile companies in India. It also makes branded apparel.
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