Kitex Garments announced Q4FY22 results:
- All time high Total Revenue Year at Rs 818 crore, higher by 75% compared to FY21.
- EBITDA of Rs 200 crore for the year, higher by 81% compared to FY21.
- Profit before Tax for the year at Rs 175.78 crore, higher by 106% compared to FY21.
- Profit after Tax for the year at Rs 128.28 crore, higher by 114% compared to FY21.
- Expansion in the state of Telangana is in progress as per scheduled timeline.
Mr. Sabu M. Jacob, Chairman and Managing Director of Kitex Garments Ltd said that “Strong growth access to infants garments segment despite the inflationary trends in materials costs, the company achieved record turnover and through effective cost control measures been able to achieve higher profits.”