Chennai: Leading manufacturer and exporter of infant garments, KITEX Garments has reported a growth of Rs 181 crore for Q2 FY19, an increase of 20 per cent from Rs 151 crore in the same period last year.
The firm’s Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in the quarter stood at Rs 49 crore, up by eight per cent. Net Profit is at Rs 26.15 crore, as compared to Rs 24.12 crore in the same period last year. Basic earnings per share (EPS) stood at Rs 3.93, as compared with Rs 3.63 for Q2 FY18.
Total Revenue for H1 FY19 stood at Rs 313 crore, a growth of 11.1 per cent. EBITDA in H1 FY19 stood at Rs 86.12 crore.
Net Profit is at Rs 44.7 crore for H1 FY19, as compared to Rs 42.08 crore in H1 FY18. For H1 FY19, basic EPS stood at Rs 6.72 as against Rs 6.33 in H1 FY18.
Commenting on the financial performance MD and CEO, Sabu M Jacob, said, “The growth for the second quarter is as per our expectation. We are happy that we are able to achieve what we have projected earlier.”