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Kitex Garments - Quaterly Results

30 Oct 2024 Evaluate
A decent increase of about 61.16% in the turnover to Rs. 2158.82 millions was observed for the quarter ended September 2024. The turnover stood at Rs. 1339.56 millions during the similar quarter previous year.The Net Profit of the company reported a remarkable increase of 202.31% to Rs. 399.44  millions  from Rs. 132.13 millions in previous same quarter.Operating profit for the quarter ended September 2024 rose to 611.56 millions as compared to 254.55 millions of corresponding quarter ended September 2023.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202409 202309 % Var 202409 202309 % Var 202403 202303 % Var
Sales 2158.82 1339.56 61.16 4063.20 2797.37 45.25 6169.22 5569.96 10.76
Other Income 50.30 55.22 -8.91 96.15 75.80 26.85 246.71 430.77 -42.73
PBIDT 611.56 254.55 140.25 1075.07 420.05 155.94 1271.17 1071.03 18.69
Interest 34.15 17.51 95.03 55.05 26.01 111.65 73.32 44.72 63.95
PBDT 577.41 237.04 143.59 1020.02 394.04 158.86 1197.85 1026.31 16.71
Depreciation 42.26 51.39 -17.77 89.12 104.23 -14.50 207.04 212.10 -2.39
PBT 535.15 185.65 188.26 930.90 289.81 221.21 990.81 814.21 21.69
TAX 135.71 53.52 153.57 231.99 77.78 198.26 308.94 220.04 40.40
Deferred Tax -11.89 -4.98 138.76 -31.71 -5.92 435.64 -13.16 -20.76 -36.61
PAT 399.44 132.13 202.31 698.91 212.03 229.63 681.87 594.17 14.76
Equity 66.50 66.50 0.00 66.50 66.50 0.00 66.50 66.50 0.00
PBIDTM(%) 28.33 19.00 49.08 26.46 15.02 76.20 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 1106.30
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