Wednesday, October 27, 2021

Arvind hits 52-week high on Q2 results | Future Multibagger Stock

  


Arvind hits 52-week high on robust results for Q2FY22

Input costs continued to increase sharply, but were mostly offset by improved price realization and higher efficiencies.


Arvind Limited has declared its financial results for the second quarter of FY 2022.

Q2FY22 Highlights:
  • Q2 revenues up 62% at Rs2115cr; both Textiles & AMD revenues up 60%+
  • Q2 EBITDA at Rs230cr, EBITDA margin was 11% compared to 10.3% last year
  • Textiles ROCE touching 20%
  • Debt reduction progress as planned


Performance Highlights:
Volumes grew across all segments as post Covid demand stayed strong in both export and domestic markets. Input costs continued to increase sharply, but were mostly offset by improved price realization and higher efficiencies.

Advanced Materials, delivered a robust quarter, and revenues stood at Rs297cr. EBITDA for AMD for the quarter was 12%.


Stock Outlook


Financial Ratios of ARVIND

EPS2.71
PE50.42
Div/Share2.20


Buy on dips . Can be future outperformer  . Can test 514 in long term. Don't panic in routine correction. 



Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.


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