Invest
27 Years
4.4 Star
1 Crore +
Textiles company Arvind announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Overall Revenues stood at Rs 2,075 crore a growth of 10%
- Record EBITDA of Rs 243 crore a growth of 27%, margin up by 156 bps to reach 11.7%
- Highest PAT in past seven quarters of Rs 99 crore, a growth of 19%.
- All time high AMD Revenue, EBITDA and margin of Rs 387 crore, Rs 61 crore and 15.8%
- Net long-term debt at Rs 399 crore & ROCE improved 326 bps to 14.8%
FY24 Financial Highlights:
- As guided, long-term debt at the end of FY24 has come down further by Rs 34 crore from December 2023 levels to close at Rs 399 crore. Total net debt stood at Rs 1,250 crore, compared to Rs 1,327 crore in March 2023.
- Leverage ratios improved to 0.35x from 0.40x, and coverage ratio like net debt to EBITDA improved to 1.4x from 1.6x.
- During the year the company has earned Free cash flow from operations of Rs 696 crore and spent Rs 262 crore in various capex projects. On the back of a robust business performance and a disciplined capital allocation, ROCE on a run rate of Q4 FY24 improved by 326 bps to 14.8% at the end of March 2024.
- As per the dividend distribution policy, the Board of directors recommended a dividend of Rs 4.75/- per equity share (which include special dividend of Rs 1 /- per equity share) of face value of Rs. 10/- each, for the financial year ended March 31, 2024
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