Question: How much gross profit did the company make (in USD)?
Answer:
516M
USD
7162737
Commons
Gross Profits
Arvind Limited
2019
Verified by Community check_circle
updated about 3 years ago by Prerana Sinha

The company does not report the Gross Profit directly, hence calculated it as under:

Gross Profit = Revenue - Cost of goods sold

Pg. 181: Consolidated Statement of profit and loss for the year ended March 31, 2020

CONTINUING OPERATION

Revenue from operations - 7,369.00 ₹ in Crores

Cost of raw materials and accessories consumed - 3,300.46 ₹ in Crores

Purchase of stock-in-trade - 365.91

Changes in inventories of finished goods, work-in-progress and stock-in-trade - 69.45

Calculation:

Therefore, Gross Profit = A-B = 7,369.00-(3,300.46+365.91+69.45) = ₹ 3633.18 Crores

Currency Conversion:

₹ 1 = 70.394 USD (2019) (Source: https://www.irs.gov/individuals/international-taxpayers/yearly-average-currency-exchange-rates)

₹ 3633.18 Crores in USD = (36331800000/70.394) = 516120692.10 USD

Prerana Sinha.....2021-03-26 10:02:38 UTC