Aarvee Denim and Exports Q3 Result 2024: Date and Time, Share Price and Target

News: Aarvee Denim and Exports, a prominent player in the textile industry, recently released its financial results for the third quarter of 2024. In this article, we’ll delve into the essential details of their Q3 performance, including the date and time of the announcement, share price movements, and future targets.

Q3 Result Date and Time

The eagerly awaited Q3 results are scheduled to be unveiled on February 14, 2024. Investors, analysts, and stakeholders are keenly anticipating insights into the company’s financial health during this period.

Share Price Movement

As of the latest update on February 8, 2024, Aarvee Denim and Exports’ share price stands at ₹37.61 on the Bombay Stock Exchange (BSE), reflecting a 1.11% decline. The stock’s performance during the quarter will be closely scrutinized by market participants.

Financial Snapshot

Here’s a snapshot of Aarvee Denim and Exports’ financials for Q3 2024:

• Revenue: The company reported a total revenue of ₹47.63 crores during the quarter.
• Gross Profit: Aarvee Denim and Exports achieved a gross profit of ₹3.39 crores.
• Operating Expenses: The total operating expenses amounted to ₹67.61 crores.
• Operating Income: Despite challenges, the company recorded an operating income of ₹19.98 crores.
• Net Income: After accounting for taxes, the net income stood at ₹22.21 crores.
• Earnings Per Share (EPS): The diluted EPS (excluding extraordinary items) was ₹9.47.

Future Targets

Aarvee Denim and Exports’ management is likely to provide insights into their strategic goals and targets for the upcoming quarters. Investors should pay attention to any announcements regarding expansion plans, cost optimization, and growth strategies.

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About Aarvee Denim and Exports Company :

Group, which has been involved in textile trade for over 50 years, this dynamic organization is making waves worldwide. Let’s explore more about Aarvee Denim and Exports:

Overview

• Prominent Presence: Backed by experienced promoters, Aarvee Denim and Exports is rapidly expanding its reach across the globe.
• Integrated Production: The company boasts integrated production capabilities, including:
  • Yarn: With capacities of 39,000 metric tons per annum, covering open-end, ring, and PTY yarn.
  • Denim Fabric: Manufacturing around 85 million meters per annum of denim fabric.
  • Non-Denim Bottom Wear Fabric: Producing approximately 18 million meters per annum of non-denim fabric.
  • Green Energy Generation: Aarvee Denim and Exports also contributes to green energy with 20.5 MW Wind Power installations.
• Vision: Aarvee Denims aims to be a progressive leader and a top-ranking textile conglomerate. Their goal is to increase turnover from USD 145 million to USD 200 million by the next year.

Divisions

1. Cotton Fiber:

• The company primarily manufactures denim, requiring coarser cotton that can spin cotton counts from ‘5’ to ‘20’.

2. Cotton Yarn:

• Aarvee has its own yarn manufacturing capacity to cater to in-house denim and non-denim bottom wear production.
• This reduces manufacturing cycle time, minimizes yarn outsourcing, and ensures consistent fabric quality.

Denim Fabric:

• State-of-the-art denim manufacturing with the latest textile technology.
• Vertically integrated production process allows quick response to market demand.
• Cotton spinning capacity of 34,000 tons per annum.
• Stringent quality control from start to finish.
• Competing with the best globally!

Core Values

• Transparency: Aarvee maintains transparency in all business transactions.
• Respect: Respecting team members and their suggestions for overall growth.
• Commitment: Dedicated to fulfilling client requirements with fidelity.

As the textile industry faces dynamic challenges, Aarvee Denim and Exports’ Q3 results will serve as a compass for investors navigating these uncertain waters. Stay tuned for the detailed report on February 14, 2024, and keep an eye on the stock’s performance in the coming days.

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