Aarvee Denims Reports Q1 Results: New Management, Debt-Free Status, and Strategic Shift 7 hours ago Today
Aarvee Denims & Exports announced Q1 results, reporting a profit of Rs. 2,548.08 lakhs despite revenue decline. The company achieved debt-free status by repaying all bank loans. New management, led by Mr. Jaimin Kailash Gupta as Chairman & Managing Director, took control with a 65.63% shareholding. Operations continue at the Narol unit, focusing on denim and non-denim fabric production. The company aims to leverage its debt-free status and operational capabilities for future growth in the expanding Indian textile and denim markets.
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