 "Kitex")
Kitex Garments tanked 16% to Rs 422 on BSE in intra-day trade after the company reported disappointing set of number for the quarter ended March 2017 (Q4FY17).
The company’s Q4FY17 net profit was down 39% at Rs 27 crore, due to higher other expenses. The company engaged in garments and fabrics business had profit of Rs 45 crore in year ago quarter.
Net sales declined by 9% at Rs 157 crore against Rs 172 crore in the corresponding quarter of previous fiscal.
The board of directors of the company has approved the issue of bonus shares in
The company’s Q4FY17 net profit was down 39% at Rs 27 crore, due to higher other expenses. The company engaged in garments and fabrics business had profit of Rs 45 crore in year ago quarter.
Net sales declined by 9% at Rs 157 crore against Rs 172 crore in the corresponding quarter of previous fiscal.
The board of directors of the company has approved the issue of bonus shares in
