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Kitex Garments Q2 FY19 revenue grows by 20%

Posted On: 2018-11-08 09:48:38

KITEX Garments Ltd., world's leading manufacturer and exporter of Infant Garments, reported a growth of Rs. 181 crore for Q2FY19, an increase of 20 % from Rs. 151 crore in the same period last year.

KITEX Garments Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q2FY19 stood at Rs. 49 crore, up by 8%.

Net Profit is at Rs. 26.15 crore for Q2FY19, as compared to Rs. 24.12 crore in the same period last year.

Basic Earnings per share (EPS) for Q2FY19 stood at Rs. 3.93, as compared with Rs. 3.63 for Q2FY18.

Total Revenue for H1FY19 stood at Rs. 313 crore, as compared to Rs. 282 crore during H1FY18, a growth of 11.1%. EBITDA in H1FY19 stood at Rs. 86.12 crore with as compared to Rs. 31.68 crore during H1FY18.

Net Profit is at Rs. 44.7 crore for H1FY19, as compared to Rs. 42.08 crore in H1FY18.

For H1FY19, Basic EPS stood at Rs. 6.72 as against Rs. 6.33 in H1FY18.

Commenting on the financial performance Sabu M Jacob, MD and CEO, said "The growth for the second quarter is as per our expectation. We are happy that we are able to achieve what we have projected earlier".

Shares of KITEX GARMENTS LTD. was last trading in BSE at Rs.113.35 as compared to the previous close of Rs. 115.35. The total number of shares traded during the day was 13222 in over 288 trades.

The stock hit an intraday high of Rs. 119 and intraday low of 111.6. The net turnover during the day was Rs. 1526625.

Source: Equity Bulls

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