Q1FY21 results: Arvind records net loss of Rs 97.31 crore
Arvind Ltd announced its Q1FY21 results on Aug 31, 2020. The company reported consolidated net sales of Rs 599.28 crore in Q1FY21, which declined by 68.4 per cent YoY from Rs 1896.45 crore in Q1FY20.
The company posted negative EBITDA of Rs 28.93 crore in Q1FY21 that decreased by 118.74 per cent YoY. For Q1FY20, it had posted EBITDA of Rs 154.4 crore. EBITDA margin as of Q1FY21 was at -4.83 per cent that declined by 12.97 per cent YoY. EBITDA margin for Q1FY20 was 8.14 per cent.
The consolidated net loss in Q1FY21 came in at Rs 97.31 crore, which declined by 498.97 per cent, as compared to Q1FY20, when it reported a profit of Rs 24.39 crore. The net profit margin in Q1FY21 came in at -16.24 per cent, which declined by 17.53 per cent YoY. The net profit margin for Q1FY20 was 1.29 per cent.
The share price of the company closed at Rs 33.4, down by 6.05 per cent.
|
Particulars
|
Q1FY21 (Rs in cr)
|
Q1FY20 (Rs in cr)
|
Per cent change
|
|
Net Profit(loss)
|
(97.31)
|
24.39
|
-498.97
|
|
Net Revenue
|
599.28
|
1,896.45
|
-68.40
|
|
Operating Profit(loss)
|
(28.93)
|
154.40
|
-118.74
|
|
EBITDAM%
|
-4.83
|
8.14
|
-12.97
|
|
PATM%
|
-16.24
|
1.29
|
-17.53
|