Kitex Garments Reports Strong Sales Growth Amid Rising Interest Expenses in March 2025 Results

Kitex Garments, a midcap player in the Garments & Apparels industry, has recently reported its financial results for the quarter ending March 2025. The company has demonstrated notable growth in several key areas, with net sales reaching Rs 300.17 crore, marking a significant year-on-year increase of 73.46%. This positive trend in sales has been consistent over the last five quarters, indicating a robust near-term outlook.
Additionally, the Profit Before Tax (PBT) for the quarter stood at Rs 43.00 crore, reflecting a year-on-year growth of 61.71%. Similarly, the Profit After Tax (PAT) was reported at Rs 33.05 crore, which is a 64.2% increase compared to the previous year. These figures suggest a strong operational performance for Kitex Garments.

However, the company is facing challenges as well. The interest expense has risen to Rs 4.98 crore, which is the highest in the last five quarters, indicating increased borrowings. Furthermore, the operating profit to interest ratio has reached its lowest point at 10.27 times, suggesting a decline in the company's ability to manage its interest payments effectively.

In light of these developments, Kitex Garments has experienced an adjustment in its evaluation, with its score falling to 13 from 24 over the past three months.

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