Kewal Kiran Clothing surges 10 per cent on impressive Q2 numbers
Nidhi Jani / 16 Oct 2017
Total sales for Q2FY18, came in at Rs. 167.5 crore. This represents a 109.4 per cent sequential increase and 9.9 per cent year-on-year increase.
Kewal Kiran Clothing reported impressive results for the quarter ended September 30, 2017.
Total sales for Q2FY18, came in at Rs. 167.5 crore. This represents a 109.4 per cent sequential increase and 9.9 per cent year-on-year increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 47.4 crore and the EBIT margin stood at 28.3 per cent.
It reported PAT of Rs. 35.2 crore which represents a sequential quarter-on-quarter increase of 326.9 per cent and a year-on-year increase of 30.3 per cent.
Meanwhile, the board has declared an interim dividend of Rs. 10 per equity share (Face Value – Rs. 10).
Kewal Kiran Clothing Ltd is a branded apparel manufacturer engaged in designing, manufacturing and marketing of branded jeans, semi-formal and casual wear for men and women. The company also generates power from wind turbine generator within the threshold limit.
On Monday, the stock opened at Rs. 1,900.15, almost 8.7 per cent up from its Friday’s closing price of Rs. 1,747.2 and touched an intra-day high of Rs. 1,938 on the BSE.
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