Kitex Garments shares rise 16 per cent after Q2 results
The company reported a consolidated net profit of ₹13.71 crore for the July-September quarter of the 2026-27 financial year.
Kitex Garments shares rose 16 per cent during Monday's trading session after the company reported its results for the July-September quarter of the 2026-27 financial year, according to Mint.
The stock opened at ₹126 on the NSE, up from a previous close of ₹115.77, and reached an intraday high of ₹137.09 on 3 November.
Revenue from operations for the quarter rose 66 per cent year-on-year to ₹203 crore, compared to ₹122 crore in the same quarter last year. On a sequential basis, revenue increased 28 per cent from ₹158 crore in Q1 FY27.
The company reported a consolidated net profit of ₹13.71 crore in Q2 FY27, a turnaround from the net loss of ₹6.2 crore recorded in Q2 FY26. EBITDA rose to ₹45 crore during the quarter, compared to an operating loss of ₹16 crore in the corresponding period last year.
Gaurav Garg, Head - Research at Lemonn, noted that the Telangana expansion offers medium-term growth potential. He suggested that investors may wait on fresh investments while existing shareholders can hold with caution.
The stock has gained 19.29 per cent over the past week, though it has declined 33.86 per cent over the past year.