Kitex Garments reports 84% rise in Q3 net profit

10 Jan 2013

Kitex Garments has reported results for third quarter ended December 31, 2012.

The company has reported 84.01% rise in its net profit at Rs 10.36 crore for the quarter as compared to Rs 5.63 crore for the same quarter in the previous year. Total income of the company has increased by 16.44% at Rs 96.51 crore for quarter under review as compared to Rs 82.88 crore for the quarter ended December 31, 2011.

Kitex Garments incorporated in 1992, it commenced its production in 1996, after setting up its world-class facility on a 105 acre landscape at Kochi. It was primarily conceived with a domestic focus, intending to make the most of the strong brand power the group enjoyed in the state of Kerala.

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