Arvind Limited has declared its Q4 FY ’24 financial results. For the quarter under review, the company recorded total sales of Rs. 2,075 crore, a 10 per cent increase over the same time the previous year.
With a margin of 11.7 per cent, the estimated EBITDA was Rs. 243 crore, a 27 per cent rise. In addition, the business announced a record PAT of Rs. 99 crore, up 19 per cent from the year before. The textile segment generated Rs. 1,504 crore in revenue, with an EBITDA of Rs. 173 crore and an EBITDA margin of 11.5 per cent, as reported by the firm.
In Q4 FY ’24, the Advanced Material division (AMD) recorded sales of Rs. 387 crore, up 21 per cent over the same quarter the previous year. According to the corporation, volume growth in both divisions helped to drive overall revenue growth.
Additionally, Arvind Ltd. declared that, as of April 1, 2024, all business units presently reported in the AMD sector will be combined under a new legal company named “Arvind Advanced Material Ltd.” (AAML). With a budget of Rs. 400–Rs. 450 crore for FY ’25, the business also planned a discrete and discretionary capital expenditure programme for the following three years. Internal accruals will be used to finance this.