Kitex Garments Q2 revenue up by 20% at INR 181 crore

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KITEX Garments Ltd.,world’s leading manufacturer and exporter of Infant Garments, reported a growth of Rs. 181 crore for Q2FY19, an increase of 20 % from Rs. 151 crore in the same period last year.

For the Quarter ended September 30, 2018 (Q2FY19):

• Total Revenue stood at Rs. 181crore, y-o-y growth of 20 %

• EBITDA of Rs.49 crore; y-o-y growth of 8%

• PAT stood at Rs.26.5 crore; y-o-y growth of 8.38 %

• Basic EPS for Q2FY19 stood at Rs. 3.93, as compared to Rs. 3.63 for Q2FY18

 

KITEX Garments Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q2FY19 stood at Rs. 49 crore, up by 8%.

Net Profit is at Rs. 26.15 crore for Q2FY19, as compared to Rs. 24.12crore in the same period last year.

Basic Earnings per share (EPS) for Q2FY19 stood at Rs. 3.93, as compared with Rs. 3.63 for Q2FY18.

For the Half Year ended September 30, 2018 (H1 FY19):

• Total Revenue stood at Rs. 313 crore, y-o-y growth of 11.08%

• EBITDA of Rs. 86 crore; y-o-y growth of 5.4%

• PAT stood at Rs.44.7 crore; y-o-y growth of 6.22%

• Basic EPS for H1FY19 stood at Rs. 6.72, as compared to Rs. 6.33 for H1FY18

 

Total Revenue for H1FY19 stood at Rs. 313 crore, as compared to Rs. 282 crore during H1FY18, a growth of 11.1 %. EBITDA in H1FY19 stood at Rs. 86.12crore with as compared to Rs. 31.68crore during H1FY18.

Net Profit is at Rs. 44.7 crore for H1FY19, as compared to Rs. 42.08 crore in H1FY18.

For H1FY19, Basic EPS stood at Rs. 6.72 as against Rs. 6.33 in H1FY18.

Commenting on the financial performance Sabu M Jacob, MD and CEO, said “The growth for the second quarter is as per our expectation. We are happy that we are able to achieve what we have projected earlier”.

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