Arvind Limited Q3 PAT down 6%

AHMEDABAD: Textile and branded apparel company Arvind Limited has reported a drop of more than 6% in profit after tax for the quarter to December 2015 to Rs 105 crore from Rs 112 a year ago on account of higher tax provision.

The company’s consolidated revenue grew 4% to Rs 2,157 crore from Rs 2,074 crore. Consolidated EBIDTA was lower, though, at Rs 281 crore, down from Rs 288 crore.

Jayesh Shah, director and chief financial officer said, “The performance for the quarter has been satisfactory considering very challenging domestic markets. Following improvements in consumer sentiments, we expect performance in Q4 to be stronger than the corresponding quarter.”