Categories AlphaGraphs, Earnings

Kitex Garments Ltd Q2FY24; 41% 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 Q2FY24 of ₹134.00 Crores down from ₹142.00 Crore year on year, a fall of 5.63%.
  • Total Expenses for Q2FY24 of ₹122.00 Crores up from ₹120.00 Crores year on year, a rise of 1.67%.
  • Consolidated Net Profit of ₹13.00 Crores down 40.91% from ₹22.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹2.00, down 38.65% from ₹3.26 in the same quarter of the previous year.

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