Arvind , a manufacturer of air-jet loom woven heavy
denim and shirting fabrics from cotton, has reported a net profit (excluding
other income) of Rs 27 crore for the fourth quarter of FY12, down 58.73% as
compared to Rs 63 crore in a year ago period.
The company earned other income of Rs 41 crore during
January-March quarter of 2012 as against Rs 4 crore in the corresponding
quarter of last fiscal.
After inclusion of other income, net profit of the company
jumped 6% during the quarter.
Net sales increased 6.7% to Rs 1,272 crore from Rs 1,192
crore year-on-year.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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