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Aarvee Denims Q2 net profit surges to Rs 17.29 cr

Aarvee Denims and Exports has reported almost five-fold surge in its net profit at Rs 17.29 crores for the second quarter ended September 2012. This has happened on the back of higher sales and lower raw material cost. The textile company had a profit of Rs 3.75 crore in the year ago quarter. The company’s net sales grew by 26 per cent on...