Stock Report

Kitex Garments posts consolidated Q3 FY24 PAT of Rs. 15.07 crores



Posted On : 2024-01-31 23:09:43( TIMEZONE : IST )

Kitex Garments posts consolidated Q3 FY24 PAT of Rs. 15.07 crores

Kitex Garments Limited has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 166.6329 crores during the period ended December 31, 2023 as compared to Rs. 140.0778 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 15.0712 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 13.2695 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 2.25 for the period ended December 31, 2023 as compared to Rs. 2.01 for the period ended September 30, 2023.

Financials Q3 FY2024 Q2 FY2024 % Change
Total Income ₹ 166.6329 crs ₹140.0778 crs Up Tick / Down Tick18.96%
Net Profit ₹15.0712 crs ₹13.2695 crs Up Tick / Down Tick13.58%
EPS ₹2.25 ₹2.01 Up Tick / Down Tick11.94%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 166.6329 crores during the period ended December 31, 2023 as compared to Rs.71.6502 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.15.0712 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.-4.0304 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.2.25 for the period ended December 31, 2023 as compared to Rs.-0.64 for the period ended December 31, 2022.

Financials Q3 FY2024 Q3 FY2023 % Change
Total Income ₹ 166.6329 crs ₹71.6502 crs Up Tick / Down Tick132.56%
Net Profit ₹15.0712 crs ₹-4.0304 crs Up Tick / Down Tick473.94%
EPS ₹2.25 ₹-0.64 Up Tick / Down Tick451.56%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.454.8772 crores during the 9 Months period ended December 31, 2023 as compared to Rs.486.2164 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.36.1989 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.54.1936 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.5.43 for the 9 Months period ended December 31, 2023 as compared to Rs.8.11 for the 9 Months period ended December 31, 2022.

Financials 9 Months Ended FY2024 9 Months Ended FY2023 % Change
Total Income ₹454.8772 crs ₹486.2164 crs Up Tick / Down Tick-6.45%
Net Profit ₹36.1989 crs ₹54.1936 crs Up Tick / Down Tick-33.20%
EPS ₹5.43 ₹8.11 Up Tick / Down Tick-33.05%

Shares of Kitex Garments Limited was last trading in BSE at Rs. 231.75 as compared to the previous close of Rs. 223.60. The total number of shares traded during the day was 55286 in over 1800 trades.

The stock hit an intraday high of Rs. 245.70 and intraday low of 225.95. The net turnover during the day was Rs. 13000393.00.

Source : Equity Bulls

Keywords

KitexGarments Q3FY24 9MFY24 ResultUpdate