The manufacturer ended a run of quarterly deficits by posting a consolidated net profit of ₹13.71 crore in the July-September quarter. Revenue surged 66% year-on-year to reach ₹203 crore, alongside a 28% sequential expansion over the preceding quarter. Operational health improved dramatically, lifting EBITDA to ₹45 crore and driving the operating profit margin to 22.2%. This turnaround helped shares extend their recent weekly gains, although the stock remains down over 25% year-to-date.
Key points
The company successfully engineered an operational turnaround by lifting its operating pr…: The company successfully engineered an operational turnaround by lifting its operating profit margin to 22.2% from a previous loss.
Recent share price gains have lifted short-term performance, with the stock climbing over…: Recent share price gains have lifted short-term performance, with the stock climbing over 19% in the past week alone.
Despite the strong post-earnings rally, shares remain lower by more than 33% over the pas…: Despite the strong post-earnings rally, shares remain lower by more than 33% over the past year.
Sources checked by our analysis pipeline: 1
Kitex Garments share price skyrocketed 16% in Monday's trading session after the company reported strong set of numbers during the July-September quarter for the financial year 2026-27.
Kitex Garments shares opened at ₹126 apiece on NSE today, as compared to previous close of ₹115.77 on Monday and touched an intraday high of ₹137.09 on 3 November.
Kitex Garments reported a strong financial performance in Q2 FY27, with revenue from operations rising 66% year-on-year (YoY) to ₹203 crore, compared to ₹122 crore in Q2 FY26.
On a sequential basis, revenue increased 28% from ₹158 crore in Q1 FY27, indicating sustained growth in the company's business performance.
The company's operating performance also witnessed a significant improvement during the quarter. EBITDA surged to ₹45 crore in Q2 FY27, compared to an operating loss of ₹16 crore in the corresponding quarter last year. Consequently, the operating profit margin (OPM) expanded sharply to 22.2% from -13.1% in Q2 FY26.
At the bottom line, Kitex Garments reported a consolidated net profit of ₹13.71 crore in Q2 FY27, compared to a net loss of ₹6.2 crore in…
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Market participants are tracking downward movement in shares of the technology firm today. The briefing identifies the negative price action without detailing specific underlying catalysts. Further updates will be required to determine the precise drivers behind the shift.
Strong market appetite propelled the New Delhi-based custom polymer manufacturer to an opening-day surge, substantially outpacing recent major market debuts and boosting its valuation to roughly ₹1,514.20 crore. The robust secondary market entrance mirrors exceptional prior demand across institutional and high-net-worth bidding segments. Fresh equity capital raised from the offering will primarily support industrial capacity additions and day-to-day liquidity needs.