Live: Sensex, Nifty Decline; Arvind Reports Net Loss In Q2

• Revenue down 33% to Rs 1,305.2 crore
• Net loss of Rs 5.9 crore from Net profit of Rs 49.7 crore
• Ebitda down 28% to Rs 121.5 crore
• Ebitda margin at 9.3% from 9.9%
• Exceptional loss of Rs 22.34 crore this quarter owing to retrenchment compensation and provision for impairment / loss on sale of investments / share application money
• Textiles business revenue down 39% to Rs 1,011.4 crore
• Advanced Material revenue flat at Rs 185.8 crore
• Expect short-term challenges in operating environment
• Undertaken various cost containment initiatives which will yield results in the medium-to-long term
• Expect to attain pre-Covid levels of performance in 3-6 months
• Denim volumes have recovered to around 80% of Q2 levels last year
• Woven volumes at ~60% and garment volumes at 66% of Q2 levels last year
• All numbers are consolidated and compared on a year-on-year basis

Shares fell as much as 2.8% to Rs 33.15, post the announcement, before a recovery from the day's low. The stock is down for the third straight day.

• Nifty November futures add 36.6% and 24.6 lakh shares in Open Interest.
• Nifty Bank November futures add 28.7% and 3.4 lakh shares in Open Interest.

Nifty: November 5 Expiry

• 11,800 Call: Premium down 17.2% to Rs 118.6. The contract has added 2.2 lakh shares in Open Interest.
• 11,700 Call: Premium down 12.2% to Rs 169.3. The contract has added 4 lakh shares in Open Interest.
• 11,600 Put: Premium up 14.5% to Rs 143.7. The contract has added 2 lakh shares in Open Interest.

Nifty Bank: November 5 Expiry

• 24,500 Call: Premium down 30.5% to Rs 360.5. The contract has added 1.2 lakh shares in Open Interest.
• 24,000 Put: Premium up 14% to Rs 633.5. The contract has added 64,425 shares in Open Interest.
• 25,500 Call: Premium down 43.4% to Rs 112.9. The contract has added 67,950 shares in Open Interest.

• Revenue up 13% to Rs 543.4 crore
• Net profit up 6% to Rs 42.4 crore
• Ebitda up 12% to Rs 88.7 crore
• Ebitda margin at 16.3% from 16.5%
• Deferred tax gain of Rs 6.2 crore in the base quarter
• Plantations business revenue up 23% to Rs 96.6 crore
• Value Added Products revenue up 11% to Rs 451.2 crore
• Robust operating performance from Eight O'Clock Coffee aided by higher sales realisations and favourable channel mix
• Dividend received from overseas subsidiary during the quarter at Rs 18 crore
• See slowness in short-term demand especially in the 'out of home' consumption
• All numbers are consolidated and compared on a year-on-year basis

Shares fell as much as 6.5% - the most in two months to Rs 102.2, down for the second day in a row.