Results - Announcements
Kitex Garments Ltd share price gained 2.52% to Rs 115.85 after the company's net profit tumbled by 180.08% to Rs 13.71 crore, while revenue from operations gained significantly 28.16% to Rs 203.04 crore in Q3FY26 over Q2FY26.
The market capitalization of Garments & Apparels industry group stocks on BSE stood at Rs 1.01 lakh crore, easing 6.52%. It has improved by 2.55% over last one week and eased lower by 7.24% in last one month while the market capitalization of Kitex Garments Ltd has inched up 2.75% and 20.16% in the same period respectively.
Profit before tax (PBT) of Kitex Garments Ltd stood at Rs 22.15 crore in Q3 FY26, tumbling by 1063.04% year-on-year, and tanking 265.92% quarter-on-quarter. EBITDA came in at Rs 35 crore, crashing by 224.16% YoY and jumping 1280.39% sequentially.
Total expenses grew marginally by 6.48% to Rs 176.57 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 110.53 crore, growing marginally by 5.55% YoY, while employee benefits expense was at Rs 45.04 crore, soaring 34.57% YoY.
For the TTM ended FY26, revenue from operations plunged by 32.14% to Rs 666.95 crore, while net profit witnessed a sharp fall of 109.73% to Rs 13.21 crore, compared to previous TTM. EBITDA jumped by 21006% to Rs 23.95 crore, and PBT collapsed by 95.57% to Rs 8.4 crore compared to previous TTM.
The company's consolidated net cash flow from operating activities stood at Rs 345.78 crore in FY26, as against Rs 54.28 crore in FY25.
Kitex Garments Ltd nosedived by 43% in last one year, underperforming the benchmark BSE Sensex which has eased by 9.87% during the same period.