Aarvee Denims Q2 net profit down to Rs 7.57 cr

Aarvee Denims & Exports has announced its financial

results for the period ended September 30, 2013 where its net sales/income from operations stood at Rs 193.09 crores as against Rs 206.29 crores for the quarter ended September 30, 2012. The net profit / (loss) was Rs 7.57 crores for the quarter ended September 30, 2013 as against Rs 17.28 crores for the quarter ended September 30, 2012.

The company has reported an EPS of Rs 3.23 for the quarter ended September 30, 2013 as compared to Rs 7.37 for the quarter ended September 30, 2012. It has reported net sales/income from operations of Rs 359.96 crores for the half-year ended September 30, 2013 as against Rs 396.86 crores for the half-year ended September 30, 2012. The net profit /(loss) was at Rs 11.27 crores for the half-year ended September 30, 2013 against Rs 30.53 crores for the half-year ended September 30, 2012.

Aarvee Denims and Exports is a leading global player in the textile space. Being backed by experienced promoters, the company is spreading its wings all over the globe at a fast pace. Arora Group, which is involved in the marketing of denim for over 35 years and VB Group which has been involved in textile trade for over 50 years are the forces behind this dynamic organization.