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Kitex Garments - Quaterly Results

30 May 2023 Evaluate
The sales moved down -61.46% to Rs. 977.09 millions for the March 2023 quarter as compared to Rs. 2535.53 millions during the corresponding quarter last year.Net profit was down at Rs. 42.19  millions against Rs. 443.43 millions recorded in the corresponding quarter a year ago.The net profit spiraled down by -90.49%.A decline of 118.84 millions was observed in the OP in the quarter ended March 2023 from 688.31 millions on QoQ basis.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 977.09 2535.53 -61.46 5569.96 7883.28 -29.34 5569.96 7883.28 -29.34
Other Income 160.92 136.22 18.13 430.77 299.64 43.76 430.77 299.64 43.76
PBIDT 118.84 688.31 -82.73 1071.03 2008.38 -46.67 1071.03 2008.38 -46.67
Interest 0.85 29.87 -97.15 44.72 36.19 23.57 44.72 36.19 23.57
PBDT 117.99 658.44 -82.08 1026.31 1972.19 -47.96 1026.31 1972.19 -47.96
Depreciation 51.43 54.28 -5.25 212.10 214.38 -1.06 212.10 214.38 -1.06
PBT 66.56 604.16 -88.98 814.21 1757.81 -53.68 814.21 1757.81 -53.68
TAX 24.37 160.73 -84.84 220.04 474.99 -53.67 220.04 474.99 -53.67
Deferred Tax 37.07 -3.17 -1269.40 -20.76 -5.91 251.27 -20.76 -5.91 251.27
PAT 42.19 443.43 -90.49 594.17 1282.82 -53.68 594.17 1282.82 -53.68
Equity 66.50 66.50 0.00 66.50 66.50 0.00 66.50 66.50 0.00
PBIDTM(%) 12.16 27.15 -55.20 19.23 25.48 -24.52 19.23 25.48 -24.52
Peers
Company Name CMP
Vardhman Textiles 562.55
Welspun Living 213.45
Arvind 547.40
Raymond Lifestyle 659.50
K.P.R. Mill 1107.05
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