Arvind Ltd, a leading integrated textile and branded apparel player, on Monday said it recorded growth of revenue by 29 per cent and net profit by 145 per cent in the first quarter of 2013-14 ended June 30 compared with the corresponding period last fiscal. While the revenues were Rs 1,491 crore (Rs 1,157 crore), profit after tax stood at Rs 79 crore (Rs 32 crore), according to a press release here.
At the operating level, consolidated EBIDTA for the quarter stood at Rs 203 crore (Rs 129 crore), a growth of 57 per cent. The figures are not strictly comparable as the first quarter of last year witnessed a labour strike which resulted in loss of sales and profitability. Adjusting for the strike, the growth in revenue and net profit after tax stood at 19 per cent and 21 per cent, respectively, said Jayesh Shah, Director and Chief Financial Officer.