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Arvind stock sheds 3.5% despite strong FY22 numbers

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Efficiency Highlights
Arvind Restricted ended FY22 on a powerful be aware by way of This autumn efficiency, which was much like Q3 as guided earlier. For This autumn, Arvind posted revenues of Rs2204 crore and EBITDA of Rs235 crore, serving to shut the 12 months at Rs8034 crore revenues and Rs788 crore EBITDA. Material and garment volumes remained robust throughout each home in addition to export markets.

Margins continued to be underneath strain as cotton costs continued to soar, and different enter prices additionally remained excessive. Whereas value will increase helped offset the fee will increase, margin numbers appeared decrease in comparison with earlier durations.

Superior Supplies crossed Rs1000 crore mark through the 12 months, and delivered EBITDA margin of 13%.

Arvind Restricted closed the monetary 12 months at a internet debt of Rs1682 crore which was Rs268 crore decrease than March 2021 ranges. Long run debt decreased by Rs415 crores over this era.

At round 9:17 AM, Arvind was buying and selling at Rs104.20 per piece decrease by 3.43% on the BSE.

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