Kewal Kiran Clothing Posts Robust Growth In Q2FY24 Revenue & Profits
On October 23, 2023, Kewal Kiran Clothing unveiled its Q2FY24 financial results, showing remarkable growth in performance. The company reported a 15.97% year-on-year increase in its topline and a substantial 27.04% YoY growth in profit. In comparison to the previous quarter, Kewal Kiran Clothing demonstrated impressive growth, with a 47.13% increase in revenue and a noteworthy 47.36% surge in profit.
However, the company’s selling, general & administrative expenses rose by 17.83% quarter-over-quarter and by 14.86% year-on-year. Despite this, the company managed to achieve a robust operating income, which surged by 86.45% compared to the previous quarter and by 23.39% year-on-year.
The Earnings Per Share (EPS) for Q2FY24 reached Rs 8.06, marking a substantial 27.13% year-on-year increase. In the stock market, Kewal Kiran Clothing has experienced varying returns, with a -3.7% decrease last week, a significant 67.12% return over the past six months and a 40.63% year-to-date return.
Kewal Kiran Clothing boasts a market capitalization of Rs 4461.97 cr, with a 52-week high and low of Rs 807 and Rs 364.15, respectively.
