Kitex Garments witnesses robust growth in Q3, PAT at Rs34.71cr

In its press release, Kitex Garments Ltd., the second-largest infants’ garments manufacturing company in the world, has announced its Q3 results for the FY 2021-22.

The company reported consolidated revenue for the quarter ending December 2021 at Rs 208.20 crores as against Rs 121.70 crores for the quarter ending December 2020, reflecting a growth of 71.68% YoY.

The company’s EBITDA margin for this quarter stood at 26.20%, higher by 80.32% YoY as compared to Q3 FY21.

The company reported PAT of Rs 34.71 crore for Q3 FY’22 against Rs 15.60 crore for Q3 FY’21, representing a growth of 120% YoY.

PBT Margin was higher by 99% at 23.43% for Q3 FY’22, against Q3 FY’21.

Sabu M. Jacob, Chairman and Managing Director of Kitex Garments Ltd said, “Despite the increase in raw materials costs by around 30%, the company has been able to achieve a higher turnover and through effective cost control measures been able to achieve higher profits.”

Kitex Garments closed at Rs 264.45 against the previous closing price of Rs 250.20, up by Rs 14.25 or 5.70%.