Textile, Apparels, and Accessories company Kitex Garments announced Q3FY22 results: Total Revenue for the quarter at Rs 208.20 crore - higher by 71.68% compared to Q3 FY21. EBITDA for the quarter at 26.20% - higher by 80.32% compared to Q3 FY21. Profit before Tax for the quarter at 23.43% higher by 99.0% compared to Q3 FY21. Profit after Tax for the quarter at Rs 34.71 crore - higher by 120% compared to Q3 FY21 Zero Debt Company. Expansion in the state of Telangana is in progress as per the scheduled timeline Mr. Sabu M. Jacob, Chairman and Managing Director of Kitex Garments Ltd said, “Despite the Increase in raw materials costs by around 30%, the company has been able to achieve a higher turnover and through effective cost control measures been able to achieve higher profits.”. Result PDF
Highlights: Total Revenue for the quarter was Rs. 182.36 crore higher by 33.1% compared to Q2 FY21. EBITDA for the quarter was Rs. 42.42 crore I higher by 32.89% compared to Q2 FY21. Profit before Tax for the quarter was Rs. 36.90 crore I higher by 45.3% compared to Q2 FY21. Profit after Tax for the quarter was Rs. 27.26 crore I higher by 41.60% compared to Q2 FY21. Zero Debt Company. New expansion plan at Telangana is progressing as per the schedule. Result PDF