Categories AlphaGraphs, Earnings

Kitex Garments Ltd Q1FY24; 78% fall in Profits

Kitex Garments Limited was incorporated in 1992 and is promoted by Mr. Sabu M Jacob. The company exports cotton and organic cotton garments especially infant wear to US and European markets

Financial Results:

  • Kitex Garments Ltd reported Revenues for Q1FY24 of ₹145.78 Crores down from ₹249.40 Crore year on year, a fall of 41.55%.
  • Total Expenses for Q1FY24 of ₹137.42 Crores down from ₹214.30 Crores year on year, a fall of 35.87%.
  • Consolidated Net Profit of ₹7.99 Crores down 78.28% from ₹36.78 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹1.20, down 78.30% from ₹5.53 in the same quarter of the previous year.

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