Kitex Garments consolidated net profit declines 53.06% in the March 2021 quarter

Sales decline 23.65% to Rs 111.71 crore

Net profit of Kitex Garments declined 53.06% to Rs 8.27 crore in the quarter ended March 2021 as against Rs 17.62 crore during the previous quarter ended March 2020. Sales declined 23.65% to Rs 111.71 crore in the quarter ended March 2021 as against Rs 146.32 crore during the previous quarter ended March 2020.

For the full year,net profit declined 47.50% to Rs 54.27 crore in the year ended March 2021 as against Rs 103.37 crore during the previous year ended March 2020. Sales declined 38.40% to Rs 455.39 crore in the year ended March 2021 as against Rs 739.21 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales111.71146.32 -24 455.39739.21 -38 OPM %16.357.24 -22.0217.88 - PBDT19.6429.12 -33 102.03164.32 -38 PBT14.3722.62 -36 78.92137.87 -43 NP8.2717.62 -53 54.27103.37 -47

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