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Arvind Limited Announces Financial Results and Board Changes

Arvind Limited reveals Q1 2024 financial performance and board decisions.

Introduction

Arvind Limited's Board of Directors has approved the unaudited financial results for Q1 2024 and announced significant board changes, effective July 29, 2024.

Financial Results Overview

Q1 2024 Financial Performance

  • Revenue from Operations: ₹1,830.60 crore
  • Total Income: ₹1,843.52 crore
  • Profit Before Tax: ₹54.31 crore
  • Net Profit: ₹43.73 crore

Key Financial Metrics

  • Cost of Materials Consumed: ₹820.27 crore
  • Employee Benefit Expenses: ₹240.33 crore
  • Finance Costs: ₹40.35 crore
  • Depreciation and Amortisation: ₹68.48 crore

H2: Board Decisions

H3: Designation of New Key Managerial Personnel

Effective July 29, 2024, Mr. Punit Lalbhai, Vice Chairman, has been designated as the Key Managerial Personnel for determining materiality of events or information, replacing Mr. Sanjay Lalbhai, Chairman.

  • Contact:
    • Email: investor@arvind.in
    • Phone: +91 79 6826 8000

H3: Expiry of Dr. Bakul Dholakia's Term

Dr. Bakul Dholakia’s second term as an Independent Director will expire on July 31, 2024. He will cease to be a director of the company from that date.

H2: Auditor's Review

Deloitte Haskins & Sells LLP reviewed the consolidated financial results, confirming their accuracy and compliance with regulatory requirements.

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