Kitex Garments Ltd Q2FY22 consolidated net profit climbs to Rs. 25.72 crore

The Board of Directors of Kitex Garments Limited, at its meeting held today have approved the unaudited Consolidated financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 180.8537 crore, against ₹135.6235 crore in the corresponding quarter of the previous year (YoY) and ₹159.0428 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹25.7213 crore, against ₹17.8069 crore in the corresponding quarter of the previous year (YoY) and ₹20.5127 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹3.87, against ₹2.68 in the corresponding quarter of the previous year (YoY) and ₹3.08 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 180.8537 crs	₹159.0428 crs	13.71%	₹135.6235 crs	33.35%
Net Profit	₹25.7213 crs	₹20.5127 crs	25.39%	₹17.8069 crs	44.45 %
EPS	₹3.87	₹3.08	25.65%	₹2.68	44.40%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹339.8965 crore, against ₹228.1340 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹46.2340 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹30.4649 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹6.95 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹4.58 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹339.8965 crs	₹228.1340 crs	48.99%
Net Profit	₹46.2340 crs	₹30.4649 crs	51.76%
EPS	₹6.95	₹4.58	51.75%

Shares of Kitex Garments Limited was last trading in BSE at Rs. 168.90 as compared to the previous close of Rs. 162.30. The total number of shares traded during the day was 53641 in over 1852 trades.

The stock hit an intraday high of Rs. 169.40 and intraday low of 162.55. The net turnover during the day was Rs. 8989589.00.

Source : Equity Bulls

Keywords

KitexGarments Q2FY22 H1FY22 ResultUpdate