Kitex Witnesses Booming Growth In Q3, PAT At Rs 34.71 Cr

 Kitex Garments Ltd., the second-highest infants’ garments manufacturing company in the world, has announced its Q3 results for FY 2021-22. The company reported consolidated revenue for the quarter ending December 2021 at Rs 208.20 crore as against Rs 121.70 crore 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.”

Highlights:

● Revenue growth of 71.68%

● EBITDA margin higher by 80.32%

● PAT growth of 120%

● PBT margin higher by 99%