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Share the post "Kitex Garments ‘s Q3 2024-25 Latest News: Profit Grows by 106.9% YoY"
Highlights
🔹 The presented financial data is Standalone to provide a comprehensive overview of the company performance. 🔹 Sales over the Year and quarter: The company experienced a substantial growth of 68.35 % in the past year, substantial increase in net sales/revenue by 27.99 %. 🔹 Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 43.88 %. Marginal increase in other income during this quarter, up by 129.86%. 🔹 Profit over the Year and quarter: Significant improvement in profitability for Kitex Garments Limited. Notable increase of 106.94 % in net profit Year to Year, Kitex Garments Limited’s profitability increased by 8.78 % in this quarter. 🔹 EPS over the Year and quarter: EPS increased by 521.90 % Year to Year. EPS increased by 226.5 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 164.131 Cr | Rs. 215.882 Cr | Rs. 276.316 Cr | + 27.99 % | + 68.35 % |
| Expenses | Rs. 131.05 Cr | Rs. 159.75 Cr | Rs. 222.51 Cr | + 39.29 % | + 69.79 % |
| Operating Profit | Rs. 33.08 Cr | Rs. 56.13 Cr | Rs. 53.81 Cr | -4.13 % | + 62.67 % |
| OPM % | 20.15 % | 26 % | 19.47 % | -6.53 % | -0.68 % |
| Other Income | Rs. 8.036 Cr | Rs. 5.03 Cr | Rs. 11.562 Cr | + 129.86 % | + 43.88 % |
| Interest | Rs. 1.89 Cr | Rs. 3.42 Cr | Rs. 3.53 Cr | + 3.22 % | + 86.77 % |
| Depreciation | Rs. 5.2 Cr | Rs. 4.23 Cr | Rs. 3.66 Cr | -13.48 % | -29.62 % |
| Profit before tax | Rs. 34.03 Cr | Rs. 53.51 Cr | Rs. 58.18 Cr | + 8.73 % | + 70.97 % |
| Tax % | 38.29 % | 25.36 % | 25.32 % | -0.04 % | -12.97 % |
| Net Profit | Rs. 21 Cr | Rs. 39.94 Cr | Rs. 43.45 Cr | + 8.79 % | + 106.9 % |
| EPS in Rs | Rs. 1.05 | Rs. 2 | Rs. 6.53 | + 226.5 % | + 521.9 % |
Today, we’re looking at Kitex Garments Limited’s financial performance for the Q3(Dec 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 68.35 %. However, it did see a marginal increase of 27.99 % from the previous quarter. Expenses ticked up slightly by 39.29 % quarter-on-quarter, aligning with the annual rise of 69.79 %. Operating profit, while up 62.67 % compared to last year, faced a quarter-on-quarter dip of -4.13 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.68 %, but a shrinkage of -6.53 % sequentially. Other income rose by 129.86 % compared to the last quarter, despite an annual growth of 43.88 %. Interest expenses surged remarkably by 3.22 % from the previous quarter, yet the year-over-year increase remains at a moderate 86.77 %. Depreciation costs fell by -13.48 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -29.62 %. Profit before tax grew annually by 70.97 % but saw an increase from the preceding quarter by 8.73 %.
Tax expenses as a percentage of profits decreased slightly by -12.97 % compared to last year, with a more notable quarter-on-quarter decrease of -0.04 %. Net profit rose by 106.9 % year-on-year but experienced a 8.79 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 521.9 % but a quarterly rise of 226.5 %. 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. 164.131 Cr | Rs. 215.882 Cr | Rs. 276.316 Cr | + 27.99 % | + 68.35 % |
| Expenses | Rs. 131.05 Cr | Rs. 159.75 Cr | Rs. 222.51 Cr | + 39.29 % | + 69.79 % |
| Operating Profit | Rs. 33.08 Cr | Rs. 56.13 Cr | Rs. 53.81 Cr | -4.13 % | + 62.67 % |
| Net Profit | Rs. 21 Cr | Rs. 39.94 Cr | Rs. 43.45 Cr | + 8.79 % | + 106.9 % |
| EPS in Rs | Rs. 1.05 | Rs. 2 | Rs. 6.53 | + 226.5 % | + 521.9 % |
In reviewing Kitex Garments Limited’s 2024-25(Q3) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 68.35 % year-on-year growth, however, there was a minor increase of 27.99 % from the previous quarter. Expenses rose by 69.79 % compared to the previous year, with a 39.29 % increase quarter-on-quarter. Operating Profit surged by 62.67 % annually, and saw a -4.13 % decrease from the last quarter.
Net Profit showed yearly increase of 106.9 %, and experienced a 8.79 % increase from the previous quarter. Earnings Per Share (EPS) rose by 521.9 % annually, however rose by 226.5 % 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.
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