AARNAV Q2 : STANDALONE NET PROFIT DOWN 30.3% AT ₹1.65 CR (YOY), DOWN 1.7% (QOQ). WEAK (ON 1ST LOOK)

Revenue down 4.1% at ₹128.37 Cr (YOY), up 48.4% (QOQ). Total expenses at ₹126.27 Cr; cost of materials consumed up at ₹94.59 Cr (YOY). Finance costs at ₹2.52 Cr and depreciation at ₹2.59 Cr for the quarter. Half-year net profit at ₹3.33 Cr v ₹4.26 Cr (YOY); EPS ₹0.39 v ₹0.56 (YOY). Board approved appointment of Lalchand Manfoolram Saharan as Additional Executive Director for five years. Impact: Standalone Q2 net profit and revenue declined YoY.

Aarnav Fashions Ltd

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