Arvind Q4 for 2011-12 profit up 6%, Latest Stock Price
Textile maker Arvind Ltd on Wednesday said its fourth-quarter net profit rose 5.8 per cent to Rs 66.7 crore, from Rs 63 crore in the corresponding period of 2010-11. Net sales advanced to Rs 1,272.5 crore from Rs 1,191.78 crore, the company said in a filing to the Bombay Stock Exchange (BSE). For the year ended March 31, 2012, the company posted a net profit of Rs 435.87 crore, against Rs 164.87 crore in 2010-11. The company board recommended a dividend of 10 per cent (Rs 1 per share of Rs 10 each) for 2011-12. On a stand-alone basis, the company posted a net profit of Rs 62.5 crore for the quarter, against Rs 56 crore a year earlier.
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