Home Retail Arvind Mills net profit at Rs 6 crore — sales at Rs...

    Arvind Mills net profit at Rs 6 crore — sales at Rs 510 crore

    By  
    SHARE

    Announcing the financial results for the quarter ended June 30, 2007, have posted sales increase by 21 per cent at Rs 510 crore, as against Rs 421 crore in the corresponding quarter last financial year. Profit before tax was up by 21 per cent at Rs 6 crore compared to Rs 5 crore in the corresponding quarter previous financial year. Profit after tax at Rs 6 crore is up by 26 per cent compared to Rs 5 crore in the corresponding quarter previous year.

    Arvind Ltd Q4 net profit falls on account of higher expenses
    In a separate filing, Arvind Ltd said it plans to raise up to Rs 500 crore through issuance of non-convertible debentures on a private placement basis

    The company is continuing to expand its branded apparel and retail business. The revenue from the brands and chain – without accounting for sales from licensed brands, which are now in a joint venture – grew by 26 per cent. The company has 154 exclusive brand outlets at the end of the current quarter.