Grasim Industries’s Q1 revenues up by 15%

Textile company Arvind Ltd has reported 35.87 per cent dip in consolidated net profit at Rs 58.04 crore in the first quarter ended June 30.

Total income during the period under review increased by 9.17 percent to Rs.1,487.42 crore from Rs.1,362.47 crore for the quarter ended June 30, 2014.

It registered a net profit of Rs 90.51 crore in the same quarter last fiscal.

Shares of the company on Thursday settled at Rs 4,212.15 apiece on the BSE, down 0.72 per cent from its previous close.

On the asset front, gross NPAs ratio or bad loans increased to 5.43 per cent compared with 3.96 per cent last year, while net NPAs stood at 3.55 per cent as against 2.71 per cent. 99 crore to Rs. 683.07 crores. Inspite of the increase in volumes by about 14% YoY, the fall in RM prices, trailing lower crude prices, resulted into reduction of total income. 936 crore to Rs. The minor growth in operating profit was driven by higher Ebitda reported by the VSF and caustic soda manufacturing operations.

“Given the sluggish economic environment, the company has performed better than our expectations”. The company has committed to invest an additional amount of Rs.44.20 crore subject to achievement of certain milelstones by HealthHiway. Our financial Services segment, where we have been allocating a large portion of our capital over the last few years, is consistently delivering robust performance.

The board also approved three separate capex proposals aggregating Rs.