Kitex Garments Ltd's Q3FY25 Quarterly Results
- 15 Feb 2025
Result Summary
- Kitex Garments Ltd reported a 29.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 70.7%.
- Its expenses for the quarter were up by 35.8% QoQ and 65.3% YoY.
- The net profit increased 10.3% QoQ and increased 170.6% YoY.
- The earnings per share (EPS) of Kitex Garments Ltd stood at 6.2 during Q3FY25.
Financial Statments for Q3FY25
Total Income | 284.36 | 218.98 | 166.63 | 29.9% | 70.7% |
Total Expenses | 229.11 | 168.67 | 138.64 | 35.8% | 65.3% |
Profit Before Tax | 55.24 | 50.30 | 28.00 | 9.8% | 97.3% |
Tax | 14.73 | 13.57 | 13.03 | 8.5% | 13.0% |
Profit After Tax | 40.51 | 36.73 | 14.97 | 10.3% | 170.6% |
Earnings Per Share | 6.20 | 5.60 | 2.30 | 10.7% | 169.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Kitex Garments Ltd is a prominent player in the textiles and apparel industry, primarily engaged in the manufacturing and export of garments. The company specializes in the production of infant wear, which has been a significant part of its product portfolio. Kitex Garments Ltd has established a strong presence in international markets, particularly in the United States and Europe, where it supplies high-quality garments to well-known retail brands. While the company has a robust operational framework, specific recent developments or strategic changes are not available within the provided data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Kitex Garments Ltd reported a total income of ₹284.36 crores. This represents a notable increase of 29.9% compared to the preceding quarter (Q2FY25), where total income was ₹218.98 crores. On a year-over-year basis, the revenue growth is even more pronounced, with a 70.7% increase from ₹166.63 crores in Q3FY24. This significant growth in revenue highlights the company's expansion and increased sales volume over the period under consideration.
Profitability
The profitability of Kitex Garments Ltd experienced a substantial uplift in Q3FY25. The profit before tax for this quarter was ₹55.24 crores, marking a 9.8% increase from ₹50.30 crores in Q2FY25, and a remarkable 97.3% increase from ₹28.00 crores in Q3FY24. After accounting for tax expenses of ₹14.73 crores in Q3FY25, the profit after tax stood at ₹40.51 crores, reflecting a quarter-over-quarter growth of 10.3% and a year-over-year increase of 170.6% from ₹14.97 crores in Q3FY24. The earnings per share also rose to ₹6.20 in Q3FY25, up by 10.7% from ₹5.60 in Q2FY25, and a significant rise from ₹2.30 in Q3FY24, which equates to a 169.6% year-over-year increase.
Operating Metrics
The operating metrics of Kitex Garments Ltd demonstrate robust growth in terms of both income and expenses. Total expenses in Q3FY25 amounted to ₹229.11 crores, which is 35.8% higher than the previous quarter's expenses of ₹168.67 crores and 65.3% higher than the ₹138.64 crores reported in Q3FY24. This increase in expenses is aligned with the higher revenue generation and indicates the company's expanded operational scale. Although specific financial ratios such as P/E ratio, debt-to-equity ratio, or current ratio are not provided within the data, the consistent increase in both income and expenses suggests significant operational activity during the period.