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Kitex Garments surges on reporting 97% rise in Q4 net profit

07 Apr 2015

Kitex Garments is currently trading at Rs. 660.40, up by 6.95 points or 1.06% from its previous closing of Rs. 653.45 on the BSE.

The scrip opened at Rs. 667.30 and has touched a high and low of Rs. 673.00 and Rs. 647.25 respectively. So far 82382 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 673.00 on 07-Apr-2015 and a 52 week low of Rs. 117.45 on 30-Apr-2014.

Last one week high and low of the scrip stood at Rs. 673.00 and Rs. 530.00 respectively. The current market cap of the company is Rs. 3106.50 crore.

The promoters holding in the company stood at 54.24% while Institutions and Non-Institutions held 2.44% and 43.31% respectively.

Kitex Garments has reported results for fourth quarter and year ended March 31, 2015

The company has posted a rise of 97.44% in its net profit at Rs 41.62 crore for the quarter ended March 31, 2015 as compared to Rs 21.08 crore for the same quarter in the previous year. Total income of the company has increased by 11% at Rs 158.03 crore for quarter under review as compared to Rs 142.18 crore for the quarter ended March 31, 2014.

For the year ended March 31, 2015, the company has posted a jump of 71.74% in its net profit at Rs 98.51 crore as compared to Rs 57.36 crore for the same period in the previous year. Total income of company has surged by 15.58% at Rs 511.09 crore for year under review as compared to Rs 442.21 crore for the period ended March 31, 2014.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323