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Kitex Garments reports Profit after tax of Rs 443.43 Mln, in the March 2022 quarter

19 May 2022 Evaluate
The total revenue for the March 2022 quarter zoomed 126.97% to Rs. 2535.53 millions as compared to Rs. 1117.12 millions during the year-ago period.The Net Profit of the company vaulted to 355.78% to Rs. 443.43  millions from Rs. 97.29 millions in the previous quarter.Operating profit surged to 688.31 millions from the corresponding previous quarter of 221.18 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202203 202103 % Var 202203 202103 % Var 202103 202003 % Var
Sales 2535.53 1117.12 126.97 7883.29 4553.88 73.11 4553.88 7392.10 -38.40
Other Income 136.22 43.01 216.72 299.63 146.51 104.51 101.05 443.65 -77.22
PBIDT 688.31 221.18 211.20 2008.39 1104.89 81.77 1104.88 1766.47 -37.45
Interest 29.87 8.59 247.73 36.19 25.40 42.48 25.40 70.25 -63.84
PBDT 658.44 212.59 209.72 1972.20 1079.49 82.70 1079.48 1696.22 -36.36
Depreciation 54.28 52.72 2.96 214.38 231.04 -7.21 231.04 264.52 -12.66
PBT 604.16 159.87 277.91 1757.82 848.45 107.18 848.44 1431.70 -40.74
TAX 160.73 62.58 156.84 474.99 249.43 90.43 249.43 344.98 -27.70
Deferred Tax -3.17 0.80 -496.25 -5.91 -8.75 -32.46 -8.75 -65.44 -86.63
PAT 443.43 97.29 355.78 1282.83 599.02 114.15 599.01 1086.72 -44.88
Equity 66.50 66.50 0.00 66.50 66.50 0.00 66.50 66.50 0.00
PBIDTM(%) 27.15 19.80 37.11 25.48 24.26 5.00 24.26 23.90 1.53
Peers
Company Name CMP
Vardhman Textiles 566.95
Welspun Living 213.65
Arvind 548.00
Raymond Lifestyle 655.30
K.P.R. Mill 1118.60
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