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Arvind Ltd. profit beats consensus by 15.1% in fiscal Q4

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Arvind Ltd. profit beats consensus by 15.1% in fiscal Q4

Arvind Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to 831.1 million rupees.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue totaled 20.41 billion rupees, and total operating expenses totaled 18.42 billion rupees.

Reported net income came to 482.3 million rupees, or 1.87 rupees per share.

For the year, the company's normalized net income totaled 11.71 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 14.82 rupees.

EPS rose 14.7% from 10.21 rupees in the prior year.

Normalized net income was 3.03 billion rupees, a rise of 14.8% from 2.64 billion rupees in the prior year.

Full-year total revenue grew 14.4% year over year to 78.51 billion rupees from 68.62 billion rupees, and total operating expenses rose 14.8% on an annual basis to 70.25 billion rupees from 61.21 billion rupees.

The company said reported net income fell on an annual basis to 3.48 billion rupees, or 13.46 rupees per share, in the full year, from 3.58 billion rupees, or 13.89 rupees per share.

As of July 2, US$1 was equivalent to 63.37 Indian rupees.