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Kitex Garments - Quaterly Results

20 May 2024 Evaluate
The Top line for the quarter ended March 2024 of Rs. 1730.54 millions up 77.11% from Rs. 977.09 millions.The Net Profit of the company vaulted to 516.05% to Rs. 259.91  millions from Rs. 42.19 millions in the previous quarter.Operating profit surged to 440.03 millions from the corresponding previous quarter of 118.84 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 1730.54 977.09 77.11 6169.22 5569.96 10.76 6169.22 5569.96 10.76
Other Income 90.55 160.92 -43.73 246.71 430.77 -42.73 246.71 430.77 -42.73
PBIDT 440.03 118.84 270.27 1271.17 1071.03 18.69 1271.17 1071.03 18.69
Interest 28.43 0.85 3244.71 73.32 44.72 63.95 73.32 44.72 63.95
PBDT 411.60 117.99 248.84 1197.85 1026.31 16.71 1197.85 1026.31 16.71
Depreciation 50.83 51.43 -1.17 207.04 212.10 -2.39 207.04 212.10 -2.39
PBT 360.77 66.56 442.02 990.81 814.21 21.69 990.81 814.21 21.69
TAX 100.86 24.37 313.87 308.94 220.04 40.40 308.94 220.04 40.40
Deferred Tax -2.24 37.07 -106.04 -13.16 -20.76 -36.61 -13.16 -20.76 -36.61
PAT 259.91 42.19 516.05 681.87 594.17 14.76 681.87 594.17 14.76
Equity 66.50 66.50 0.00 66.50 66.50 0.00 66.50 66.50 0.00
PBIDTM(%) 25.43 12.16 109.06 20.61 19.23 7.16 20.61 19.23 7.16
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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