Kitex Garments soars on reporting around three-fold jump in Q4 net profit

04 Apr 2014

Kitex Garments is currently trading at Rs. 127.00, up by 18.85 points or 17.43 % from its previous closing of Rs. 108.15 on the BSE.

The scrip opened at Rs. 129.75 and has touched a high and low of Rs. 129.75 and Rs. 120.50 respectively. So far 67939 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 1 has touched a 52 week high of Rs. 111.80 on 24-Jan-2014 and a 52 week low of Rs. 52.10 on 12-Apr-2013.

Last one week high and low of the scrip stood at Rs. 108.15 and Rs. 88.20 respectively. The current market cap of the company is Rs. 603.25 crore.

The promoters holding in the company stood at 54.24%, while Non-Institutions held 45.76% of company’s stake.

Kitex Garments has reported around three-fold jump in net profit at Rs 21.08 crore for the fourth quarter ended March 31, 2014, on back of higher operational income as compared to net profit of Rs 7.76 crore in the same quarter year ago.

Moreover, total operational income of the company grew by 56.07% at Rs 142.18 crore against Rs 91.10 crore during the corresponding quarter of previous fiscal.

Kitex Garments is the third largest manufacturer of clothes for infants and caters to the biggest international buyers such as Gerber, Jockey, Carters, Kohls and The Childrens Place.

Related Kitex Garments Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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