Kewal Kiran posts robust net profit at Rs 33.9 crore
Amir Shaikh / 25 Apr 2017
Company’s Board of Director recommended final dividend of Rs 1.5 per equity share of Rs 10 each for FY17.
Kewal Kiran Clothing Ltd reported its results for the quarter ended December 31, 2016 after market hours today.
Total sales for this quarter, Q3FY17 came at Rs. 130 crore. This represents 32.3 per cent sequential increase and 2.9 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 30.7 crore and the EBIT margin stood at 23.6 per cent.
In terms of bottom-line, the company reported a PAT of Rs. 33.9 crore which represents a sequential QoQ increase of 265.8 per cent and a YoY increase of 55.62 per cent.
Company’s Board of Director recommended final dividend of Rs 1.5 per equity share of Rs 10 each for FY17.
Kewal Kiran Clothing Limited is a branded apparel manufacturers in India. The company designs, manufactures and markets branded jeans, Semi-formal and casual wear for men and women.