Arvind Smart And Welspun Corp Has presented its quarterly results. The profits of both companies have declined. Let’s know how the results of these companies in Q3.
Arvind Smart Q3
The company’s revenue on a year-on-year basis was down 74.1 per cent to Rs 5 crore in the third quarter from Rs 19.4 crore in the third quarter of last year.
The company’s revenue in the third quarter declined by 53 per cent to Rs 44.5 crore as against Rs 94.2 crore in the third quarter of last year.
EBITDA of the company declined by 63.1 per cent year-on-year to Rs 14.4 crore in the third quarter from Rs 39.1 crore in the third quarter of last year. The company’s EBITDA Margin for the third quarter stood at 32.5 per cent as against 41.5 per cent.
Welspun Corp Q3
The company’s revenue fell 11 per cent year-on-year to Rs 199 crore in the third quarter from Rs 223.5 crore in the third quarter of last year.
The company’s revenue in the third quarter was down by 51.7 per cent to Rs 1,393.5 crore from Rs 2,888 crore in the third quarter of last year.
EBITDA of the company declined 49.2 per cent year-on-year to Rs 186.3 crore in the third quarter from Rs 366.6 crore in the third quarter of last year. The company’s EBITDA Margin for the third quarter stood at 13.4 per cent as against 12.7 per cent.
