Kewal Kiran Clothing Ltd Q2FY18
Standalone Results Q2FY18: (Rs. in crore)
|EBITDA Margin (%)||29.2||463|
|Net Profit (adjusted)||35.2||30.3|
Kewal Kiran Clothingâ€™s standalone revenue for the quarter came in at Rs. 167.5 crore, registering 9.9% yoy increase. This was primarily driven by 9.9% yoy increase in revenue from Apparel & Lifestyle Accessories.
EBITDA for the quarter rose by 30.7% yoy to Rs. 48.8 crore with a corresponding margin expansion of 463 bps. EBITDA margin for the quarter stood at 29.2%. This margin expansion was aided by decline in selling & distribution expenses and manufacturing expenses by 26% yoy and 15% yoy, respectively.
The PAT for the quarter came in at Rs. 35.2 crore, yoy increase of 30.3%. This was partly due to increase in other income by 8.8% yoy.
The Board of Directors have declared an interim dividend of Rs. 10 per equity share of Rs. 10 each. The record date for the payment of dividend is 27th October, 2017.
Kewal Kiran Clothing Ltd is currently trading at Rs. 1,925, up by 177.8 points or 10.18% from its previous closing of Rs. 1,747.20 on the BSE.
The scrip opened at Rs. 1,900.15 and has touched a high and low of Rs. 1,938 and Rs. 1,900.15 respectively. So far 909(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.
BSE 1,600.00 [54.15] ([3.27]%)
NSE 1,560.00 [30.55] ([1.92]%)
***Note: This is a NSE Chart
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