Kitex Garments shines on reporting 84% rise in Q3 net profit

10 Jan 2013

Kitex Garments is currently trading at Rs. 67.80, up by 0.15 points or 0.22% from its previous closing of Rs. 67.65 on the BSE.

The scrip opened at Rs. 71.90 and has touched a high and low of Rs. 71.90 and Rs. 67.20 respectively. So far 22,714 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 71.90 on 21-Dec-2012 and a 52 week low of Rs. 43.15 on 14-Feb-2012.

Last one week high and low of the scrip stood at Rs. 69.00 and Rs. 65.10 respectively. The current market cap of the company is Rs. 322 crore.

The promoters holding in the company stood at 54.24% while Non-Institutions held 45.76% respectively.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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