Q4FY’24 Net Profit At Kitex Garments Soars Massively By 500%
Net profit at Kitex Garments soared massively by nearly 500 percent to Rs 20.13 crore in the January to March 2024 quarter as against Rs 3.36 crore in the same quarter of previous fiscal.
Consolidated net sales at the Sabu Jacob led company grew by a significant 77.11 percent year on year to total Rs 173.05 crore in the fourth quarter ending March 2024.
EBITDA amounted to Rs 37.75 crore in the reporting quarter, a substantial rise of 255.13 percent as against Rs 10.63 crore in the January to March quarter of fiscal 2002-23.
Earnings per share (EPS) also witnessed a saw a noteworthy increase to 3.03 in the quarter under review to March 2024 compared to Rs 0.45 in the quarter ending March 2023.
