30th January, 2024

To, BSE Limited Listing Dept./Dept. of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

Security Code: 500101 Security ID: ARVIND

To,

National Stock Exchange of India Limited Listing Dept., Exchange Plaza, 5th Floor, Plot No. C/1, G. Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051.

Symbol: ARVIND

Dear Sir/Madam,

Sub: Outcome of the Meeting of the Board of Directors held on 30th January, 2024 Ref.: Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

With reference to the captioned subject, the Board of Directors of the Company in their meeting held today, inter alia, approved the following:

Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended 31st December, 2023, along with the limited review reports of Auditors thereon pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) regulations 2015 ("SEBI LODR Regulations").

The meeting of the Board of Directors of the Company commenced at 10:00 a.m. and concluded at 11: 30 a.m.

Kindly take the same on records.

Thanking you

Yours faithfully, For Arvind Limited RAMNIK VASHRAMBH AI BHIMANI Digitally signed by RAMNIK VASHRAMBHAI BHIMANI Date: 2024.01.30 11:33:22 +05'30'

R.V. Bhimani Company Secretary

Encl:

Unaudited financial results for the quarter and nine months ended 31st December, 2023 along with Limited Review Reports of Statutory Auditors.

Chartered Accountants 19th floor, Shapath-V S.G. Highway Ahmedabad-380 01 5 Gujarat, India

Tel: +91 79 6682 7300 Fax: +91 79 6682 7400

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RES UL TS

TO THE BOARD OF DIRECTORS OF ARVIND LIMITED

1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of Arvind Limited ("the Company"), for the quarter and nine months ended December 31, 2023 ("the Statement"), being submitted by the Company pursuant to the requi rement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
1. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accou_ntants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
1. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For DELOITTE HASKINS & SELLS LLP

Chartered Accountants (Firm's Registration No. 117366W/W-100018)

.:K~~&

Kartikeya Raval Partner (Membership No. 106189) UDIN: 24106189BKFGSX4298

Page 1of1

Place: Ahmedabad Date: January 30, 2024

I_ J\rVIOD STATEMENT OF STANDALONE UNAUDITED FlNANOAL RESULTS FOR THE OUARTER AND NINE MONT HS E'NOED DECEMBER 31 2023

Sr.					[? in Crores except per share data] Nine Months Ended
No.	Particulars		Quarter Ended			Year Ended
		31.12.2023 Unaudited	30.09.2023 Unaudited	31.12.2022 Unaudited	31.12.2023 Unaudited	31.12.2022 Unaudited	31.03.2023 Audited
$\mathbf{1}$	Income
	(a) Revenue from Operations	1,754 24	1,757.38	1,846 30	5,200.89	6,015.61	7,722.69
	(b) Other Income	10.52	15.28	14.54	42.54	38.26	51.41
	Total Income	1,764.76	1,772.66	1,860.84	5,243.43	6,053.87	7,774.10
$\overline{2}$	Expenses
	(a) Cost of materials consumed	791 78	870 20	855.17	2,452.81	3,067 76	3,917 70
	(b) Purchase of stock-in-trade	35.50	24.53	82.78	92.30	141 15	156.87
	(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade	4.62	(58.19)	45.52	(55.06)	100 76	87.45
	(d) Project Expenses	20.00	10.58	9.49	46.93	23.27	36 32
	(e) Employee benefits expense	208.34	209.60	190.34	626.07	567 33	757 11
	(f) Finance Costs	36.42	36.60	40 20	107 36	118 06	154.56
	Depreciation and amortisation expense (q)	50.95	55.51	51.86	160.86	154.47	208 49
	(h) Other Expenses	497.64	521.36	494.73	1,507.98	1,584.42	2,069.93
	Total Expenses	1,645.25	1,670.19	1,770.09	4,939.25	5,757.22	7,388.43
3	Profit before Exceptional Items and Tax from continuing operations (1-2)	119.51	102.47	90.75	304.18	296.65	385.67
4	Exceptional Item (net of tax) (Refer Note 2)	(0.49)		3.72	(0.49)	58 16	28 51
5	Profit before tax from continuing operations (3+4)	119.02	102.47	94.47	303.69	354.81	414.18
6	Tax Expense:
	- Current Tax	32.83	26.50	29.87	79 92	70 46	90 88
	- Short provision of earlier years - Deferred Tax Credit	(4.61)		971		971	9.13
	Total Tax Expense	28.22	(2.23) 24.27	(26.44) 13.14	(9.28) 70.64	(28.50) 51.67	(37.78) 62.23
$\overline{\phantom{a}}$	Profit for the period from continuing operations (5-6)	90.80	78.20	81.33	233.05	303.14	351.95

8 9	Loss before tax from discontinued operations (Refer Note 4) Tax Credit of discontinued operations	$\overline{a}$ ×	×	ò, $\sim$		(7.54) 1.50	(754) 1.50
10	Loss from discontinued operations after Tax (8+9)		÷	٠
		۰			٠	(6.04)	(6.04)
11	Profit for the period (7+10)	90.80	78.20	81.33	233.05	297.10	345.91
	12 Other Comprehensive Income/(Loss) (net of tax)
	(a) Items that will not be classified to profit and loss (i) Equity Instruments through Other Comprehensive Income (FVOCI)	(22.33)	$\sim$		(2233)		013
	(ii) Remeasurement of defined benefit plan	1.07	107	(0.14)	3 2 1	(0.42)	4 5 3
	(iii) Income tax related to items (i) & (ii) above	494	(0.27)	0.04	4 4 0	0.11	(1.14)
	(b) Items that will be reclassified to profit and loss
	(i) Effective portion of gain/(loss) on cash flow hedges	9.24	(15.92)	1707	3.49	(6208)	(24 29)
	(ii) Income tax related to item (ii) above Other Comprehensive Income/(Loss) (net of tax)	(2.33)	4.01	(4.30)	(0.88)	15.62	6.11
		(9.41)	(11.11)	12.67	(12.11)	(46.77)	(14.66)
	13 Total Comprehensive Income for the period (11+12)	81.39	67.09	94.00	220.94	250.33	331.25
15	14 Paid-up Equity Share Capital (Face Value # 10/- per share) Other Equity	261 61	261 61	260 90	261 61	260 90	261 50
	16 Earnings/(Loss) per Share in <- (Not Annualised)						3,034 86
	Continuing Operations:
	- Basic	3.47	2.99	3.12	891	11 63	13 49
	- Diluted	3.46	2 9 9	3 1 2	890	11 60	13 46
	Discontinued Operations:
	- Basic		÷	$\sim$	Cold	(0, 23)	(0, 23)
	- Diluted	v	٠	$\sim$	÷	(0, 23)	(0, 23)
	Continuing and Discontinued Operations:
	- Basic - Diluted	3.47 3.46	2.99	3.12	8.91	1140	13 26
	(See accompanying notes to the Standalone Unaudited Financial Results)		2.99	3.12	8.90	11 37	13 23

Arvind Limited. Naroda Road. Ahmedabad. 380 025. India Tel.: +91 79 30138000 CIN: L17119GJ1931 PLC000093

1 The above standalone unaudited financial results were reviewed by the Audit Committee at its meeting held on January 29, 2024 and have been approved by the Board of Directors at their meeting held on January 30, 2024. The same have been subjected to Limited Review by the Statutory Auditors .
2 Exceptional items represent following.

AfVIOD

Part.lculars		Quarter Ended		Nine Months Ended		Year Ended
	31.12.2023	30.09.2023	31.12.2022	31.12.2023	31.12.2022	3.1.03.2023
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
(a ) Provision for impainnent of investments and loans/loss
on sale of investments	-		-		(46.58)	(76.36)
(b) Loss of Limited Liabil ity Partnership•			-		(30.39)	(30.39)
(c) Investment written off	(0.65)		-	(0.65)	-	( 10 18)
(d) Profit on Sale of Undertaking (Refer Note 4 )	-			-	152 06	152.06
	(0.65)	-	-	(0.65)	75.09	35.13
Tax Impact on above	0.16		3.72	0 .16	(16.93)	(6 62 )
Total	{0.49)	-	3.72	C0.49)	58.16	28.51

During the earlier years, while granting approval of revised plan on the land, the municipal corporation has demanded addluonal surrender or 17,033 sq meters of land valued at t 30.70 crores than what is already surrendered as part of the submitted plan The Subsidiary has preferred an appeal/legal case against this demand w hich 1s pending with the Hon'ble High Court of Gujarat, As the outcome of the case 1s uncertain, based on legal advice, the subsidiary has made prov1s1on of t 30. 70 crores and disclosed under the head "Exceptional Items". The Company has booked a loss on account of Limited Uab1h1y

Partnership of~ 30.39 Crores on its share. .. Due to change in tax estimate on profit on sale of subsidiary made during the quarter ended September 30, 2022 •

3 Other Income lndudes share of Profit from l LPs amount1n9 to 0.88 crores and Loss of ^~0.05 c:rores for the quarter ended December 31, 2023 and SeP\ember 30. 2023 respectively and Profit off 0 .69 crores for the ntrie months enoed on December 31 , 2023 (previous year • Loss of NIL crore for the quarter ended December 31. 2022, LOss of l NIL crore for the nme m onths ended December 31, 2022 and Profit of~ 0.01 cro res for the year ended r1arch 3 1, 2023 respectwely).
4 The Company has entered into agreement on )u ly 19, 2022 to sell 1ts Omun1 Undertaking to Bigfoot Retail Solutions Private L1m1ted . In order to execute ttus transaction, the Company has transferred its Internet division to its wholly owned subsidiary company, Arvind Internet Limited with effective date of June 30. 2022 at a consideration of ~ 152.30 crores. Accordingly, the Company has considered business of Arvind Internet Undertaking as • Discontinued Operations· 1n accordance with Ind AS 105 and accordingly , re·classif1ed the financial results for vanous periods presented . Company has presented gain on this transaction as an exceptional item in the financial results ,

The Company has booked gain of ~ 152.06 crores on sale of Omuni undertaking Post completion of all cond1t1ons subsequent to the transaction as on Sep temoer 30, 2022, the Company has transferred its wholly owned subsidiary company Arvind Internet Limited to Bigfoot Retail Solutions Private Limited.

Particulars		Ouarter Ended		Nine Months Ended	Year Ended
	31.12.2023	30.09.2023	31.12.2022	31.12.2023	31.12. 2022	31.03.2023
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
(a) Tolal Income				-	6 33	6 33
lb) Total ExE>eflses					13.87	13.87
(c) Loss before tax (a-b)	-	-	-	-	(7.54)	(7.54)
(d) Tax Expense Credit		-			1.50	1. 50
e) Loss from d iscontinued operations	-	-		-	(6.04)	(6.04)

s The Company has elected to ex ercise the option permitted under Section U 5BAA of the Income Tax Act, I ⁹⁶¹ . Accord ngly . the Company has recogni sed provision for Income Tax for the quarter ended Ju ne 30, 2022 and re-measured its deferred tax asset/ 11ablllt1es basis the rate prescribed en the said section. The Company has also charged off MAT credit amounting to 36.20 crores to exercise this option . The full impact of this change was recognised in the statement of Profit & Loss for the quarter ended June 30 , 2022.

6 During the current quarter, the Company has sold its investment in equity shares and Non Convertible Debentures of its subsidiaries to its another subsidiaries for a consideration of ~ 52 75 crores. Resulting gain of ~ 23 .46 crores on such sale 1s accounted for in "Capital Reserve", this being 1n the nature of common control business comb1nat1on .

During the previous year, the Company has sold its investment 1n equity shares of its substd1ary to its another subs1d1ary , for a cons1derat1on of'· 49 70 crores Resulting loss of ~ 51 .30 crores on such sale 1s accounted for in "Capital Reserve", this being in the nature of common control bu siness comb1nat1on.

Ahmedabad

For Arvind Limited

Arvind Limited. Naroda Road. Ahmedabad. 380 025. India Tel.: +91 79 30138000 CIN: L 17119GJ 1931PLC000093

SEGMENTWISE REVENUE, RESULTS, SEGMENT ASSETS AND U .ABILITIES (STANOAL.ONE) FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2023


































Total Segment Liabilities from ConUnuing Operations	1,869.29	1,848.26	1,820.47	1,869.29	1 820.47	1, 741.20

I Consrdenng ttie nature of the Company 's business and operations, as well as based on reviews performed by Chief operating decision maker regarding resource allocation and performance management, the Company has identified following as reportable segments m accordance with the requirements of Ind AS 108 · " Operating Segments ..

Classification of Reportable Segments :

_ J\fVInD

I Textiles : Fabrics. Garments and Fabric Retail.

2 Advanced Materials : Human Protection fabric & garments, Industrial Products, Advance Composites and Automotive fabncs .

3 Others : E-commerce, Agriculture Produce, EPABX and One to Many Radio, Developing of Res1dentral Units, Construction contracts and Others

II Details of Discontinued Operations :

							(f 1n Crores]
Sr.	Particulars		Quarter Ended		Nine Months Ended	Year Ended
No		31.12.2023 Unaudited	30.09.2023	31.12.2022 Unaudited	31.12.2023 Unaudited	31.12.2022 Unaudited	31.03.2023
			Unaudited				Audited
l	Segment Revenue (Net Sales/ Income from Operations)			-		6 .33	6 33
2	Segment Results (Loss before Interest & Tax)					(7 54)	(7 54)
3	Segment Assets			-
4	Segment L1aD1llt1 s</td		-			-	-	-	-	-

Ahmedabad January 30, 2024 - . c.~)on Pur~ ~ ~~ ~~sKIN . s Ifs. ~~ t_ .<S rr.::5~0 ~ ^ju~ ;;; .. , • .,,t-J, \°~\I 1 :,~~~i//~I , •. :".t-. ~ r§ i.;.. '~ ~ %;~~ A{(O\J ~o'? ¹ '1cation \lV - For Arvind Limited ,, ,, / ' !...--... ~,,J. ........ C-1.-.. , \ ~ Sanjay S.Lalbhai '!"/ ( \1 4:,\ ria1ran & Managing oirector \ .:: ~ . I '\Z i~ ."; I ;;.-"" -

Chartered Accountants 19th floor, Shapath-V S.G. Highway Ahmedabad-380 015 Gujarat, India

Tel: +91 79 6682 7300 Fax: +91 79 6682 7400

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF ARVIND LIMITED

1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of ARVIND LIMITED ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net loss after tax and total comprehensive loss of its joint ventures and an associate for the quarter and nine months ended December 31, 2023 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
1. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (!CAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

1. The Statement includes the results of the parent, subsidiaries, joint ventures and an associate as given in the Annexure to this report.
1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

months ended December 31, 2023, respectively, total net profit/(loss) after tax of Rs. (4.98) crores and Rs. 12.92 crores for the quarter and nine months ended December 31, 2023, respectively, total comprehensive profit/(loss) of Rs. (5.81) crores and Rs. 11.45 crores for the quarter and nine months ended December 31, 2023, respectively as considered in the Statement. This interim financial information has been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of these matters.

The consolidated unaudited financial results include the interim financial information of 12 subsidiaries which have not been reviewed by their auditors, whose interim financial information reflects, total revenue of Rs. 5.80 crores and Rs. 25.23 crores for the quarter and nine months ended December 31, 2023, respectively, total loss after tax of Rs. 0.34 crores and Rs. 2.12 crores for the quarter and nine months ended December 31, 2023, respectively, total comprehensive profit/(loss) of Rs. 0.23 crores and Rs. (1.80) crores for the quarter and nine months ended December 31, 2023, respectively as considered in the Statement. The consolidated unaudited financial results also include the Group's share of loss after tax of Rs. 0.53 crores and Rs. 0.23 crores for the quarter and nine months ended December 31, 2023, and total comprehensive loss of Rs. 0.53 crores and Rs. 0.23 crores for the quarter and nine months ended December 31, 2023, as considered in the Statement, in respect of 4 joint ventures and 1 associate, based on their interim financial information which have not been reviewed by their auditors. According to the information and explanations given to us by the Management, this interim financial information is not material to the Group.

Our Conclusion on the Statement is not modified in respect of our reliance on the interim financial information certified by the Management.

For DELOITTE HASKINS & SELLS LLP

Chartered Accountants (Firm's Registration No. 117366W/W-100018)

:K~ ia,,tA

Kartikeya Raval Partner (Membership No. 106189) UDIN: 24106189BKFGSY3237

Place: Ahmedabad Date: January 30, 2024

Annexure to Independent Auditor's Review Report

The Parent

Arvind Limited

List of Subsidiaries

1. Arvind PD Composite Private Limited
1. Arvind OG Nonwovens Private Limited
1. Arvind Suit Manufacturing Private Limited (Formerly known as Arvind Goodhill Suit Manufacturing Private Limited)
1. Arvind Smart Textile Limited
1. Syntel Telecom Limited
1. Arvind Envisol Limited
1. Arvind Worldwide Inc., USA
1. Arvind Nilloy Exports Private Limited
1. Arvind Textile Mills Limited (liquidated on September 25, 2023)
1. Arvind Lifestyle Apparel Manufacturing PLC, Ethiopia
1. Maruti and Ornet Infrabuild LLP
1. Arvind Sports Fashion Private Limited
1. Arvind Premium Retail Limited
1. Arvind Advanced Materials Limited (w.e.f. December 7, 2023) (Formerly known as Arvind Polymer Textiles Limited)
1. Arvind Enterprise FZC
1. Arvind BKP Berolina Private Limited
17.Arya Omnitalk Wireless Solutions Private Limited
1. Arvind Envisol, PLC
1. Syntel Enkay Converged Technologies LLP (w.e.f. June 1,2023) (Formerly known as Enkay Converged Technologies LLP)
1. Arvind Engineered Composite Panels Private Limited
1. Arvind Norm CBRN Systems Private Limited
1. Arvind Technical Products Private Limited
23 . Arvind Township LLP (w.e.f. April 1,2023) (Formerly known as Arvind and Smart Value Homes LLP)

List of Joint Ventures

1. Arya Omnitalk Radio Trunking Services Private Limited
1. Arudrama Developments Private Limited
1. Adient Arvind Automotive Fabrics India Private Limited
1. PVH Arvind Manufacturing PLC

List of Associate

Renew Green (GJ Eight) Private Limited

_ AfVInD

	STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2023
	f ~ 1n Crores except oer share data 1
	Sr. Particulars		Quarter Ended		Nine Months Ended		Year Ended
No			31.12.2023 30.09.2023		31.12.2022 31.12.2023 31.12.2022 31.03.2023
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited

	1 Income (a) Revenue from Operations	1,888.24	1,921.73	1,979.79	5,663.24	6,501.72	8,382.48
	(b) Other Income	9.41	11.73	12.32	33.00	32. 19	44.52
	Total Income	1,897.65	1,933.46	1,992.11	5,696.24	6,533.91	8,427.00
	2 Expenses
	(a) Cost of materials consumed	835.42	86 !. 70	843. 18	2,540.64	3,119 12	4,010 74
	(b) Purchase of stock·in·trade (c) Changes m inventories of finished goods, worlc~in-progress and stock-in-trade	43.88 l.55	86.32 (35.34)	154.12 38.91	195.20 (43. 12)	327 06 79 80	389.85 70.28
	(d) Project Expenses	28 39	25.89	26.87	81.34	65 82	88.91
	( e) Employee benefits expense	241.26	244.26	218.01	723.76	649.59	867.57
	( FJ Finance Costs	38.81	38. 72	43.23	114.04	126.01	164.24
	(g) Depreciation and amortisation expense (h) Other Expenses	66.39 521.61	67.19 532.98	62 77 512.23	198.49 1, 563.04	187,12 1.651.12	253.01 2,155.13
	Total Expenses	1,777.31	1,821.72	1,899.32	5,373.39	6,205.64	7,999.73
3	Profit before Share of Profit of Joint Ventures and Associate, Exceptional	120.34	111.74	92.79	322.85	328.27	427.27
	Items and tax from Continuing Operations (1-2)
4	Share of ProfiV(Loss) of Joint Ventures and Associate accounted for using Equity Method	(0.53)	0.17	0.38	(0 23)	1.09	1.22
5	Profit before Exceptional items and tax from Continuing Operations (3+4)	119.81	111.91	93.17	322.62	329.36	428.49
6	Exceptional Items (net of tax) (Refer Note 2)	0. 16	1.26	9 19	2.46	49 71	58 76
7	Profit before Tax from Continuing Operations (5+6)	119.97	113.17	102.36	325.08	379.07	487.25
	8 Tax Expense :
	- Current Tax	36.48	31 04	31 21	92.21	76.35	100.09
	- Short/( Excess) Provision of earlier years	0.01	(0 60)	9.85	(0 .59)	9.85	9 27
	- Deferred Tax credit Total Tax Expense	110.841 25.65	11.46) 28.98	126 081 14.98	114.75) 76.87	(31.40) 54.80	138.81 ) 70.55
	9 Profit for the period from Continuing Operations (7-8)	94.32	84.19	87.38	248.21	324.27	416.70
	10 Loss before tax from discontinued operations (Refer Note 4)	-		(0 .38)		(9 .90)	(5 03)
	11 Tax Credit of discontinued operations	-	-			LSO	1.50
	12 Loss from discontinued operations after Tax (10+11)	-	-	(0.38)	-	(8.40)	(3.53)
	13 Profit for the period (9+12)	94.32	84.19	87.00	248.21	315.87	413.17
	Attributable to:
	Equity holders of the Parent Non Controlling Interest	91.70 2 62	80.01 4 18	84.12 2 88	237.58 10 63	307.56 8 31	404.56 8.61
	14 Other Comprehensive Income/(Loss) (net of tax)
	(a) Items that will not be reclassified to profit and loss
	( i) Eauitv Instruments throuoh Other Comorehens1ve Income (FVOCI)	(22 43)			122.43 )		0. 13
	(u) Remeasurement of defined benefit plans (111) Income tax related to items (i) and (i•) above	1.20 4.93	l . 19 (0 .30)	(0 19) 0.06	3.58 4 .33	(0 56) 0 .15	5A l ( l.29)
	(iv) Share of Other Comprehensive Income of Joint Ventures and Associate						0.01
	accounted for using Equity method (net of tax)
	( b) Items that will be reclassified to profit and loss					(63 .65)	(25.47)
	(1) Effective portion or ga1n/(loss) on cash ftow hedges (u) Exchange differences on tran slatron of foreign operations	9 59 (0.68)	(16.64) (0 .34)	17.65 (0 . 19)	3.61 ( 1.79)	2.49	1.22
	(11i) Income tax related to item (1) above	I 2.421	4. 19	14.441	(0 .91 1	15.85	6 41
	Other Comprehensive Income/(Loss) (net of tax)	(9.81)	(11.90)	12.89	(13.61)	(45.72)	(13.58)
	Attributable to:
	Equity holders of the Parent Non Controlling Interest	(9.81)	(11.88) (0.02)	12.83 0 06	(13.42) (0. 19 )	(45.95) 0 23	(13.68) 0.10
	15 Total Comprehensive Income ( 13+ 14)	84.51	72.29	99.89	234.60	270.15	399.59
	Attributable to:
	Equity holders of the Parent	81 .89	68.13	96.95	224.16	261.61	390.88
	Non Controlhng Interest	2.62	4 16	2 94	10 44	8 54	8 71
	16 Pa1d·up EQu1ty Share Capital (Face Value~ 10/· per share )	261.61	261 61	260.90	261.61	260 90	261.50
	17 Other Equity 18 Earnings per Share in t - (Not Annualised)						3,084. 13
	Continuing Operations :
	- Basic	3.50	3.06	3.23	9 08	12 l l	15 65
	- Diluted	3 50	3 06	3 23	9 08	12 09	ls 63
	Discontinued Operations :
	- Basic			(0 01 )		(0-32)	(0 14)
	- Diluted			(0 01 )		(0-32)	(0 14 )
	Continuing and Discontinued Operations : - Basic	3 so	J .06	3_22	9 08	11.79	15.51
	Diluted	) so	l -06	3 22	9 08	\I 77	15 49
	l!See accompanvino notes to the Consolidated Unaudited Financial Results!

_ AfVIOD

l The above consolidated unaudited financial results were reviewed by the Audit Committee at its meeting held on January 29, 2024 and have been approved by the Board of Directors at their meeting held on January 30, 2024. The same have been subjected to Limited Review by the Statutory Auditors.

2 Exceptional items represent following: Particulars Quarter Ended Nine Months Ended Year Ended 31.12.2023 30.09.2023 31.12.2022 31.12.2023 31.12.2022 31.03.2023 Unaudited Unaudited Unaudited Unaudited Unaudited Audited (a) Reversal for doubtful receivables - 1.69 - 2.73 - - (b) Allowances for doubtful receivables • - - (57.22) (57.22) (c) Provision 1n respect of Land • • - - - - (30.70) (30.70) (d) Profit on Sale of Subsidiary (Refer Note 4) - . . 148.79 148.79 - 1.69 - 2.73 60.87 60.87 Tax Impact on above "0.16 (0.43) #9.19 (0.27) (11.16) (2.11) Total 0.16 1.26 9.19 2.46 49.71 58.76

* In view of the ongoing political situation in Ethiopia and its resultant impact on its economy, the Group has evaluated its operations in the country and based on the same it has provided for doubtful debts related to water treatment business of ~ 57 .22 crores and disclosed under "Exceptional Items" In the Statement of Profit and Loss.

• • During the earlier years, while granting approval of revised plan on the land, the municipal corporation has demanded add1t1onal surrender of 1 7 ,033 sq meters of land valued at ~ 30. 70 crores than what 1s already surrendered as part of the submitted plan. The Group has preferred an appeal/legal case against this demand which 1s pending with the Hon'ble High Court of Gujarat. As the outcome of the case 1s uncertain, based on legal advice, the Group has made provision of ~ 30. 70 crores and disclosed under the head "Exceptional Items".

" Tax impact on loss due to liquidiat1on of Investment in Subsidiary.

:t Change in tax estimate on profit on sale of subsidiary made during the quarter ended on September 30, 2022 .

3 The company has intimated the Stock Exchange to publish only Consolidated Financial results and hence, the standalone financial results hav; not been published. However, the standalone financial results for the quarter and Nine Months ended December 3 1, 2023 are ava1JablE on Company's website (www.arvind.com).

Standalone Information :

Particulars		Quarter Ended		Nine Months Ended	Year Ended
		31.12.2023 30.09.2023 31.12.2022 31.12.2023 31.12.2022 31.03.2023
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Revenue from continuing Operations	1,754.24	1,757.38	1,846.30	5,200.89	6,015.61	7,722.69
Profit before Tax from continuing Operations	119.02	102.47	94.47	303.69	354.81	414.18
Profit/(Loss) after Tax from continuing Operations	90.80	78.20	81.33	233.05	303.14	351.95
Loss after Tax from discontinued Operations		-	-	-	(6.04)	(6.04)
Other Comprehensive Income/(Loss) (net of tax)	(9.41)	(11.11)	12.67	(12.11)	(46.77)	(14.66)
Total Comprehensive Income/Closs) after tax	81.39	67.09	94.00	220.94	250.33	331.25

4 The Parent Company has entered into agreement on July 19, 2022 to sell its Omuni Undertaking to Bigfoot Retail Solutions Private Limited. The Parent Company sold its 100% stake of wholly owned subsidiary, Arvind Internet Limited to Bigfoot Retail Solutions Private Limited for a cons1derat1on of ~ 159.00 crores. Accordingly, the Group has considered its wholly owned subs1d1ary Arvind Internet Limited as "Discontinued Operations" in accordance with Ind AS 105 and accordingly, re-class1f1ed the financial results for various periods presented. The Group has booked capital gain of ~ 148. 79 crores on sale of Arvind Internet subs1d1ary post completion of all conditions subsequent to he

transaction as on September 30, 2022. During previous year, Subsidiary "Westech Advance Material Limited" and "AJ Environmental Solutions Company" were liqud1ated. Also during the current quarter, Subsidiary "Arvind Textile Mills Limited, Bangladesh" is llqud1ated and hence the Group considered 1t as "D1scontmued Operations" m accordance with Ind AS 105 and accordingly, re-classified the financia l results for various periods presented.

Brief details of discontinued operations are given as under: Particulars Quarter Ended Nine Months Ended Year Ended 31.12.2023 30.09.2023 31.12.2022 31.12.2023 31.12.2022 31.03.2023 Unaudited Unaudited Unaudited Unaudited Unaudited Audited (a ) Total Income . 6.33 6.33 Cbl Total Exoenses 0.38 16.23 11.36 (c) Profit/Closs) before tax (a-b) - - (0.38) - (9.90) (5.03) Cdl Tax Expense Credit . 1.50 1.50

Ce) Profit/Closs) from discontinued o,,..rations - - C0.38) - C8.40) C3.53) 5 During the period, Arvind Limited has entered into an agreement with Tata Value Homes Limited (JV Partner for "ASVH" (Arvind and Smart Value Homes LLP, now known as Arvmd Township LLP)) for the purchase of its stake for a cons1derat1on of~ 38 crores effective from Apnl l, 2023. Accordingly, ASVH 1s accounted for as subsidiary of Arvmd Limited w.e.f. April l, 2023 and necessary accounting has been done m accordance with Ind AS 103 Business Combinations.

6 The Parent Company has elected to exercise the option permitted under Section L15BAA of the Income Tax Act, 1961. Accordingly, the Parent Company has recognised prov1s1on for Income Tax for the quarter ended June 30, 2022 and re-measured its deferred tax asset/ liabilities basis the rate prescnbed m the said section. The Parent Company has also charged off MAT credit amounting to z 36.20 crores to exercise this option. The full impact of this change was recognised m the statement of Profit &Toss for the quarter ended June 30, 2022.

Ahmedabad

Arvin d Limited. Naro da Road. ~ ~tb AttO~ r:J•r{;> Ahmedabad. 380 025. India Tel.: +91 79 30138000 CIN: L 17119GJ1931 PLC000093

For Arvind Limited

Chairman & Managing Director

	SEGMENTWISE REVENUE, RESULTS, SEGMENT ASSETS ANO UABIUTlES (CONSOUDATED) FOR THE QUARTER ANO NINE MONTHS ENDED DECEMBER 31, 2023
							[" in Crores]
	Sr. Particulars		Quarter Ended			Nine Months Ended	Year Ended
No			31.12.2023 30.09.2023 31.12.2022 31.12.2023 31.12.2022 31.03.2023
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
	1 Segment Revenue (Net Sales/Income from Operations)
	(a) Textiles	1,425.50	1,455.32	1,549.49	4,298_93	5,284-75	6,715_7]
	(b) Advanced Materials	344_59	354.49	337.87	1,041.04	930_87	1,250. 58
	(c) Others	138.61	135.26	115.31	388.60	356.91	517-17
	Total	1,908.70	1,94S.07	2,002.67	S,728.S7	6,S72.S3	8,483.48
	Less : Inter Segment Sales	20-46	23.34	22_88	65.33	70.81	101.00
	Net Sales/Income from Operations from Continuing Operations	1,888.24	1,921.73	1,979.79	S,663.24	6,SOl.72	8,382.48

	2 Segment Results (Profit/(Loss) before Interest & Tax)		118.79		332.4 7	395.48	486.16
	(a) Textiles (b) Advanced Materials	120. 52 45.90	47.15	119.38 40.60	138. 11	100.73	141. 70
	Others; (c)
	- Profit/(Loss) before Exceptional items	2. 62	(0. 11)	(3 36 )	1.64	1.90	7.92
	- Exceptional !terns (Refer Note 2)	-	1.26	-	2.30	(77.41 )	(77 41 )
	Others Total	2.62	1.lS	(3.36)	3.94	(75.Sl)	(69.49)
	Total	169.04	167.09	1S6.62	474.52	420.70	558.37
	Less: Interest and Finance Charges (Net)	38.81	38.72	43 23	114 04	126.01	164.24
	Other Unallocable income/(expenditure)
	- Loss before Exceptional items	(10.42)	(15 20)	(20_22)	(35.56)	(42. 74)	(43 05)
	- Exceptional !terns (Refer Note 2)	0.16		9.19	0_16	127 12	136.17
	Add: Total Other Unallocable income/(expenditure)	(10.26)	(lS.20)	(11.03)	(3S.40)	84.38	93.12
	Profit Before Tax from Continuing operations	119.97	113.17	102.36	32S.08	379.07	487.25
	3 Segment Assets
	(a) Textiles	4,517. 75	4,428 .81	4,532.65	4,517. 75	4,532.65	4,463 23
	(b) Advanced Materials	778_ 71	781.49	769.83	778. 71	769.83	717 87
	(c) Others	879. 26	832.67	711.93	879.26	711 93	725 90
	(d) Unallocable	980_34	1,024.22	953_33	980. 34	953.33	1,006. 58
	Total Segment Assets from Continuing Operations	7,156.06	7,067.19	6,967.74	7,1S6.06	6,967.74	6,913.58

	4 Segment Liabilities (a) Textiles		1.336_03	l.373.08	1,333.39	1,373.08	1,310 17
		1.333-39	215.46	183.90	195.83	183 90	159.84
	(b) Advanced Materials (c) Others	195 83 558.89	535.41	449.26	558.89	449.26	474 25
	(d) Unallocable	109.71	134.06	117 34	109.71	117 34	161 29
	Total Segment Liabilities from Continuing Operations	2,197.82	2,220.96	2,123.S8	2,197.82	2,123.S8	2,105.5S

I Considering the nature of the Company's business and operations, as well as based on reviews performed by Chief operating dec1swn maker regarding resource allocation and performance management, the Company has re-organized 1ts asset allocation to respective operating segment w e.f . April 1, 2023 . There are no changes to the reportable segments as per Ind AS 108 Accordingly, the Company has restated segment assets of previously reported periods-

The Company has 1dent1fied following as reportable segments 1n accordance with the requirements of Ind AS 108 - "Operating Segments" _

Classification of Reportable Segments :

1 Textiles : Fabrics, Garments and Fabric Retail

2 Advanced Materials : Human Protection fabric & garments. Industrial Products, Advance Composites and Automotive fabrics.

3 Others : E-commerce, Agriculture Produce, EPABX and One to Many Radio, Water Treatment, Developing of Res1dent1al Units, Construction contracts and Others.