12-Oct-2026      12:44

Arvind Ltd. secures credit rating upgrades from CARE Ratings and CareEdge Ratings

Arvind Ltd announced credit rating upgrades and reaffirmations from both CARE Ratings Limited and CareEdge Ratings. CARE Ratings Limited upgraded Long-Term / Short-Term Bank Facilities amounting to Rs 135.00 to CARE A-; Stable / CARE A2+ from CARE BBB+; Stable, and reduced the amount from Rs 137.00, while also upgrading Long-Term Bank Facilities of Rs 7.50 and Short-Term Bank Facilities of Rs 1.00, with the latter upgraded from CARE A2. CareEdge Ratings applied a parent notch-up framework, assigning a rating based on information from reliable sources and expecting continued benefit from client relationships, with a stable outlook. The company reported a TOI of Rs 90 crore for Q1FY27, a ~35% year-over-year increase, alongside a PBILDT margin of 7.96% for the same period, and a FY26 TOI of Rs 9,335 crore, reflecting a ~12% growth.

News source: Capital Market - Live News