In its press release, Kitex Garments Ltd
., the second-largest infantsâ€™ 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 companyâ€™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 FYâ€™22 against Rs 15.60 crore for Q3 FYâ€™21, representing a growth of 120% YoY.
PBT Margin was higher by 99% at 23.43% for Q3 FYâ€™22, against Q3 FYâ€™21.
Sabu M. Jacob, Chairman and Managing Director of Kitex Garments Ltd said, â€œDespite 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.â€
Kitex Garments closed at Rs 264.45 against the previous closing price of Rs 250.20, up by Rs 14.25 or 5.70%.