KITEX

Consolidated Revenue from Operations was ₹166.17 Cr vs ₹300.17 Cr (▼44.6% YoY), EBITDA ₹1.67 Cr vs ₹51.14 Cr (▼96.7% YoY), and PAT was a loss of ₹9.29 Cr vs a profit of ₹31.82 Cr YoY. EBITDA Margin contracted from 17.04% to 1.00% (▼1604bps). The company recommended a final dividend of ₹0.50 per equity share. The auditors issued a qualified opinion on standalone financial results regarding the recoverability of investment in an associate company whose net worth is fully eroded.

Kitex Garments Limited reported Consolidated Revenue of ₹166.17 Cr vs ₹300.17 Cr (▼45% YoY), EBITDA of ₹1.67 Cr vs ₹51.14 Cr (▼97% YoY), and PAT of ₹(9.29) Cr vs ₹31.82 Cr (▼129% YoY, from profit to loss) for the quarter ended March 31, 2026. EBITDA Margin contracted significantly to 1.00% from 17.03% (▼1603 bps). The Board recommended a final dividend of ₹0.50/- per equity share. Standalone financial results received a qualified audit opinion due to unverified recoverability of investment in an associate with fully eroded net worth.

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Kitex Garments Limited submitted a certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, confirming that dematerialization requests for the quarter ended March 31, 2026, were processed by the RTA within the stipulated time.

Kitex Garments and its promoter group are investing an additional ₹171.23 Cr into subsidiary Kitex Apparel Parks Limited (KAPL), with 70% from the company. This investment, by converting advances into equity, supports KAPL's textile manufacturing operations, which commenced in FY 25-26.