Kitex Garments has recorded a net profit of Rs 99 crores for the financial year ended March 31, 2015, an increase of 73 per cent from the profit of Rs 57 crores the company made during 2013-14. The total revenue of the company in financial year 2014-15 was Rs 525 crores. It was only Rs 456 crores during the same period last year. This indicates a growth of 15 per cent. Profit before interest depreciation and taxes registered a growth of 69 per cent.
Share price rose six times, from Rs 89 on March 31, 2014, to Rs 534 as on March 31, 2015. The earnings per equity share of Rs 1 during 2014-15 were Rs 20.74 against Rs 12.08 in 2013-14. Kitex Garments is the first among listed companies to publish audited financial results in the country consistently for the third year in a row. It has achieved these levels of performance by technology upgradation and high level of productivity in operations.
Kitex is the third largest manufacturing facility in the infant wear segment globally and the company aspires to become the global number one by 2018.
www.kitexgarments.com/
