Arvind Mills Q2 net down 16%

Arvind Mills has reported a 16.5% decline in net profit for the quarter ended September 30, 2003 at Rs 24.3 crore (Rs 243 million) as against Rs 29.1 crore (Rs 291 million) for the corresponding quarter last fiscal.

Total income increased 4.1% to Rs 371.11 crore (Rs 3.71 billion) from Rs 356.5 crore (Rs 3.56 billion) in SQ02, according to a release issued to the BSE.