Share the post "Kitex Garments : Q4 2024 Financial Quarterly Report : YoY Sales Up 77.11 %, QoQ Up 5.44 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 77.11 % in the past year, substantial increase in net sales/revenue by 5.44 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -81.03 %, Marginal increase in other income during this quarter, up by 29.48%.
- Profit over the Year and quarter: Significant improvement in profitability for Kitex Garments Limited. Notable increase of 565.26 % in net profit Year to Year, Kitex Garments Limited’s profitability increased by 31.92 % in this quarter.
- EPS over the Year and quarter: EPS increased by 573.33 % Year to Year. EPS increased by 34.67 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 97.709 Cr | Rs. 164.131 Cr | Rs. 173.054 Cr | + 5.44 % | + 77.11 % |
Expenses | Rs. 104.2 Cr | Rs. 131.55 Cr | Rs. 138.54 Cr | + 5.31 % | + 32.96 % |
Operating Profit | Rs. -6.49 Cr | Rs. 32.58 Cr | Rs. 34.51 Cr | + 5.92 % | + 631.74 % |
OPM % | -6.64 % | 19.85 % | 19.94 % | + 0.09 % | + 26.58 % |
Other Income | Rs. 17.13 Cr | Rs. 2.51 Cr | Rs. 3.25 Cr | + 29.48 % | -81.03 % |
Interest | Rs. 0.09 Cr | Rs. 1.89 Cr | Rs. 2.84 Cr | + 50.26 % | + 3055.56 % |
Depreciation | Rs. 5.14 Cr | Rs. 5.2 Cr | Rs. 5.08 Cr | -2.31 % | -1.17 % |
Profit before tax | Rs. 5.41 Cr | Rs. 28 Cr | Rs. 29.84 Cr | + 6.57 % | + 451.57 % |
Tax % | 45.09 % | 46.54 % | 33.81 % | -12.73 % | -11.28 % |
Net Profit | Rs. 2.97 Cr | Rs. 14.97 Cr | Rs. 19.75 Cr | + 31.93 % | + 564.98 % |
EPS in Rs | Rs. 0.45 | Rs. 2.25 | Rs. 3.03 | + 34.67 % | + 573.33 % |
Today, we’re looking at Kitex Garments Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 77.11 %. However, it did see a marginal increase of 5.44 % from the previous quarter. Expenses ticked up slightly by 5.31 % quarter-on-quarter, aligning with the annual rise of 32.96 %. Operating profit, while up 631.74 % compared to last year, faced a quarter-on-quarter increase of 5.92 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 26.58 %, but an expansion of 0.09 % sequentially. Other income rose by 29.48 % compared to the last quarter, despite an annual decline of -81.03 %. Interest expenses surged remarkably by 50.26 % from the previous quarter, yet the year-over-year increase remains at a moderate 3055.56 %. Depreciation costs fell by -2.31 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.17 %. Profit before tax grew annually by 451.57 % but saw an increase from the preceding quarter by 6.57 %.
Tax expenses as a percentage of profits decreased slightly by -11.28 % compared to last year, with a more notable quarter-on-quarter decrease of -12.73 %. Net profit rose by 564.98 % year-on-year but experienced a 31.93 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 573.33 % but a quarterly rise of 34.67 %. In summary, Kitex Garments Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 97.709 Cr | Rs. 164.131 Cr | Rs. 173.054 Cr | + 5.44 % | + 77.11 % |
Expenses | Rs. 104.2 Cr | Rs. 131.55 Cr | Rs. 138.54 Cr | + 5.31 % | + 32.96 % |
Operating Profit | Rs. -6.49 Cr | Rs. 32.58 Cr | Rs. 34.51 Cr | + 5.92 % | + 631.74 % |
Net Profit | Rs. 2.97 Cr | Rs. 14.97 Cr | Rs. 19.75 Cr | + 31.93 % | + 564.98 % |
EPS in Rs | Rs. 0.45 | Rs. 2.25 | Rs. 3.03 | + 34.67 % | + 573.33 % |
In reviewing Kitex Garments Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 77.11 % year-on-year growth, however, there was a minor increase of 5.44 % from the previous quarter. Expenses rose by 32.96 % compared to the previous year, with a 5.31 % increase quarter-on-quarter. Operating Profit surged by 631.74 % annually, and saw a 5.92 % increase from the last quarter.
Net Profit showed yearly increase of 564.98 %, and experienced a 31.93 % increase from the previous quarter. Earnings Per Share (EPS) rose by 573.33 % annually, however rose by 34.67 % compared to the last quarter. In essence, while Kitex Garments Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
4
3-Year Profit
-4
5-Year Profit
2
10-Year Profit
542
Current Price
3,604
Market Cap
The financial outlook for the company under BSE code 521248 reveals a significant five-year profit of -4 percents. This marks a notable increase to 4 percents over the last three years, indicating a strong upward trend in the company's financial health during this period. However, it's important to note that recent challenges have impacted the company's performance, leading to a trailing twelve-month loss of 194 percents. This sharp decline in profitability is particularly concerning, as the company has also reported no sales across any analyzed timeframe, suggesting a highly unconventional and perhaps risky operational approach. The company's stock prices mirror this financial volatility, with the stock trading at 43 percents over the past five years but experiencing a dramatic drop to 157 percents within the last year. Over a decade, the stock price was at 4 percents, reflecting long-term concerns regarding the company's stability and future outlook. Such performance poses questions about the sustainability of the business and whether it can rebound from these recent setbacks.
Currently valued at ₹3,604 crore, the company's stock price stands at ₹542. Over the years, it has seen significant fluctuations, with its price ranging from ₹542 / 177, a reflection of its sensitivity to market conditions and investor sentiment. The stock's Price-to-Earnings (P/E) ratio, currently at 48.3, suggests that it is highly valued in comparison to its earnings, possibly indicating strong future growth expectations or a high level of investor confidence. The book value per share is ₹136, which represents the net asset value of the company per share. The dividend yield of 0.28% provides some return to investors, though it may not be the primary attraction for those investing in the stock. The company's Return on Capital Employed (ROCE) is 6.92%, pointing to efficient use of its capital base to generate profits. The Return on Equity (ROE), at 6.33%, highlights the profitability for shareholders. The company's financial health is further underscored by its very low debt-to-equity ratio of 0.75, signaling conservative financial management. However, the net cash flow is negative at ₹4.29 crore, indicating possible liquidity concerns or heavy investment. The Piotroski score of 4.00 provides a snapshot of its financial stability, while the Graham Number, estimated at ₹187, offers an intrinsic value benchmark. With a Price-to-Book (P/B) ratio of 3.98, the stock seems to be trading at a premium relative to its book value, which could signal strong market expectations or overvaluation risks.