Textile Company Reports 171 Per Cent PAT Growth; Stock Surges Over 120 Per Cent in One Year
The company’s net profit skyrocketed 171 per cent year-on-year (YoY) to Rs 40.5 crore, compared to Rs 15 crore in Q3 FY24.
Kitex Garments Ltd has delivered exceptional financial performance in Q3 FY25, driven by strong revenue growth and profitability expansion. The company’s net profit skyrocketed 171 per cent year-on-year (YoY) to Rs 40.5 crore, compared to Rs 15 crore in Q3 FY24.
Financial Performance
Kitex Garments’ revenue jumped 68 per cent YoY to Rs 276.3 crore, up from Rs 164.1 crore in the same quarter last year. The company’s Earnings before interest, taxes, depreciation and amortization (EBITDA) surged 67 per cent YoY to Rs 54.4 crore, compared to Rs 32.6 crore in Q3 FY24.
Stock Performance
Kitex Garments has been a stellar performer in the stock market, with its stock price soaring 121.23 per cent in the past year, significantly outperforming the Nifty’s 3.28 per cent rise during the same period. Over the past five years, the stock has delivered an impressive 265.5 per cent return. The company’s current market capitalization stands at Rs 4,020 crore.
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About the Company
Kitex Garments Ltd, incorporated in 1992, is a leading textile manufacturer, specializing in the export of cotton and organic cotton garments, particularly infant wear for the US and European markets.
The company is the world’s second-largest manufacturer of cotton and organic cotton ready-to-wear garments for infants and children (0-24 months). It is a key supplier to some of the world’s leading apparel and retail brands, including Gerber and William Carter, which sell kidswear under brands like Carter’s Babies, Little Planet, TJ Maxx, Target, and Walmart. A significant portion of Kitex Garments’ sales comes from its top three customers.
Disclaimer: This article is for informational purposes only and not an investment advice.