Kitex Garments Ltd
NSE:KITEX
Income Statement
Earnings Waterfall
Kitex Garments Ltd
Revenue
|
5.4B
INR
|
Cost of Revenue
|
-2.4B
INR
|
Gross Profit
|
3.1B
INR
|
Operating Expenses
|
-2.7B
INR
|
Operating Income
|
387.4m
INR
|
Other Expenses
|
8.2m
INR
|
Net Income
|
395.6m
INR
|
Income Statement
Kitex Garments Ltd
Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
3 172
N/A
|
3 120
-2%
|
2 948
-6%
|
2 931
-1%
|
3 067
+5%
|
3 170
+3%
|
3 539
+12%
|
3 882
+10%
|
3 911
+1%
|
4 422
+13%
|
4 445
+1%
|
4 726
+6%
|
4 953
+5%
|
5 111
+3%
|
5 174
+1%
|
5 235
+1%
|
5 195
-1%
|
5 458
+5%
|
1 229
-77%
|
2 907
+137%
|
4 268
+47%
|
6 068
+42%
|
6 295
+4%
|
6 581
+5%
|
7 729
+17%
|
7 392
-4%
|
6 833
-8%
|
6 200
-9%
|
4 900
-21%
|
4 554
-7%
|
5 196
+14%
|
5 645
+9%
|
6 465
+15%
|
7 883
+22%
|
8 840
+12%
|
8 475
-4%
|
7 128
-16%
|
5 570
-22%
|
4 534
-19%
|
4 457
-2%
|
5 416
+22%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 649)
|
(1 723)
|
(1 569)
|
(1 528)
|
(1 581)
|
(1 652)
|
(1 909)
|
(2 160)
|
(2 136)
|
(2 360)
|
(2 252)
|
(2 304)
|
(2 243)
|
(2 160)
|
(2 068)
|
(2 007)
|
(1 982)
|
(2 202)
|
(460)
|
(1 257)
|
(1 747)
|
(2 554)
|
(2 577)
|
(2 622)
|
(3 246)
|
(3 313)
|
(3 047)
|
(2 787)
|
(2 142)
|
(1 993)
|
(2 297)
|
(2 514)
|
(2 873)
|
(3 764)
|
(4 207)
|
(4 028)
|
(3 488)
|
(2 699)
|
(2 172)
|
(1 997)
|
(2 352)
|
|
Gross Profit |
1 523
N/A
|
1 398
-8%
|
1 380
-1%
|
1 403
+2%
|
1 487
+6%
|
1 518
+2%
|
1 630
+7%
|
1 722
+6%
|
1 775
+3%
|
2 063
+16%
|
2 192
+6%
|
2 422
+10%
|
2 710
+12%
|
2 951
+9%
|
3 106
+5%
|
3 228
+4%
|
3 213
0%
|
3 256
+1%
|
769
-76%
|
1 650
+115%
|
2 522
+53%
|
3 514
+39%
|
3 719
+6%
|
3 960
+6%
|
4 482
+13%
|
4 079
-9%
|
3 786
-7%
|
3 413
-10%
|
2 758
-19%
|
2 561
-7%
|
2 899
+13%
|
3 131
+8%
|
3 592
+15%
|
4 120
+15%
|
4 632
+12%
|
4 447
-4%
|
3 640
-18%
|
2 870
-21%
|
2 361
-18%
|
2 460
+4%
|
3 064
+25%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 042)
|
(884)
|
(898)
|
(916)
|
(946)
|
(1 003)
|
(1 071)
|
(1 128)
|
(1 168)
|
(1 207)
|
(1 254)
|
(1 349)
|
(1 448)
|
(1 470)
|
(1 607)
|
(1 617)
|
(1 607)
|
(1 583)
|
(558)
|
(1 150)
|
(1 836)
|
(2 396)
|
(2 587)
|
(2 790)
|
(3 038)
|
(2 978)
|
(2 803)
|
(2 536)
|
(2 116)
|
(1 787)
|
(2 051)
|
(2 176)
|
(2 426)
|
(2 607)
|
(3 006)
|
(2 931)
|
(2 630)
|
(2 311)
|
(2 241)
|
(2 414)
|
(2 676)
|
|
Selling, General & Administrative |
(534)
|
(519)
|
(497)
|
(474)
|
(454)
|
(438)
|
(467)
|
(506)
|
(537)
|
(1 111)
|
(592)
|
(632)
|
(677)
|
(1 249)
|
(782)
|
(801)
|
(814)
|
(1 368)
|
(249)
|
(513)
|
(781)
|
(2 102)
|
(1 050)
|
(1 095)
|
(1 201)
|
(2 653)
|
(1 121)
|
(1 025)
|
(866)
|
(1 502)
|
(855)
|
(932)
|
(1 032)
|
(2 333)
|
(1 216)
|
(1 219)
|
(1 147)
|
(2 012)
|
(1 046)
|
(1 047)
|
(1 096)
|
|
Depreciation & Amortization |
(74)
|
(69)
|
(68)
|
(74)
|
(77)
|
(86)
|
(90)
|
(87)
|
(91)
|
(97)
|
(126)
|
(155)
|
(183)
|
(213)
|
(218)
|
(221)
|
(223)
|
(213)
|
(66)
|
(134)
|
(203)
|
(273)
|
(274)
|
(272)
|
(269)
|
(265)
|
(262)
|
(254)
|
(243)
|
(231)
|
(219)
|
(213)
|
(213)
|
(214)
|
(216)
|
(217)
|
(215)
|
(212)
|
(210)
|
(208)
|
(208)
|
|
Other Operating Expenses |
(434)
|
(296)
|
(333)
|
(368)
|
(415)
|
(480)
|
(514)
|
(535)
|
(541)
|
1
|
(536)
|
(562)
|
(588)
|
(8)
|
(607)
|
(595)
|
(569)
|
(2)
|
(243)
|
(503)
|
(852)
|
(22)
|
(1 263)
|
(1 423)
|
(1 569)
|
(60)
|
(1 420)
|
(1 257)
|
(1 007)
|
(54)
|
(977)
|
(1 031)
|
(1 182)
|
(59)
|
(1 574)
|
(1 495)
|
(1 268)
|
(87)
|
(984)
|
(1 159)
|
(1 373)
|
|
Operating Income |
481
N/A
|
514
+7%
|
481
-6%
|
487
+1%
|
541
+11%
|
515
-5%
|
559
+9%
|
594
+6%
|
607
+2%
|
856
+41%
|
939
+10%
|
1 073
+14%
|
1 261
+18%
|
1 481
+17%
|
1 499
+1%
|
1 611
+7%
|
1 606
0%
|
1 674
+4%
|
210
-87%
|
500
+138%
|
686
+37%
|
1 118
+63%
|
1 132
+1%
|
1 170
+3%
|
1 444
+23%
|
1 101
-24%
|
983
-11%
|
877
-11%
|
642
-27%
|
774
+21%
|
848
+9%
|
954
+13%
|
1 166
+22%
|
1 513
+30%
|
1 627
+8%
|
1 516
-7%
|
1 011
-33%
|
559
-45%
|
121
-78%
|
46
-62%
|
387
+743%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(166)
|
(176)
|
(167)
|
(142)
|
(125)
|
(115)
|
(104)
|
(102)
|
(97)
|
12
|
(117)
|
(134)
|
(174)
|
(79)
|
(204)
|
(207)
|
(184)
|
14
|
(3)
|
(11)
|
(24)
|
139
|
(48)
|
(54)
|
(61)
|
290
|
(66)
|
(59)
|
(41)
|
11
|
(19)
|
(15)
|
(15)
|
234
|
(49)
|
(58)
|
(74)
|
242
|
(40)
|
(45)
|
(46)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(20)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
87
|
63
|
92
|
43
|
49
|
40
|
87
|
169
|
169
|
14
|
60
|
60
|
91
|
20
|
169
|
184
|
187
|
24
|
94
|
227
|
268
|
45
|
142
|
116
|
140
|
8
|
410
|
328
|
270
|
4
|
67
|
70
|
115
|
(23)
|
362
|
424
|
405
|
(9)
|
318
|
291
|
281
|
|
Pre-Tax Income |
401
N/A
|
401
0%
|
406
+1%
|
388
-4%
|
464
+20%
|
440
-5%
|
542
+23%
|
661
+22%
|
679
+3%
|
882
+30%
|
882
N/A
|
999
+13%
|
1 178
+18%
|
1 417
+20%
|
1 465
+3%
|
1 589
+8%
|
1 610
+1%
|
1 711
+6%
|
302
-82%
|
716
+137%
|
929
+30%
|
1 300
+40%
|
1 226
-6%
|
1 232
+1%
|
1 523
+24%
|
1 379
-9%
|
1 327
-4%
|
1 145
-14%
|
872
-24%
|
789
-9%
|
896
+13%
|
1 010
+13%
|
1 266
+25%
|
1 726
+36%
|
1 940
+12%
|
1 881
-3%
|
1 342
-29%
|
793
-41%
|
400
-50%
|
291
-27%
|
623
+114%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(130)
|
(130)
|
(133)
|
(127)
|
(155)
|
(147)
|
(191)
|
(230)
|
(238)
|
(308)
|
(293)
|
(337)
|
(399)
|
(432)
|
(464)
|
(510)
|
(521)
|
(590)
|
(116)
|
(269)
|
(358)
|
(487)
|
(459)
|
(360)
|
(424)
|
(345)
|
(306)
|
(314)
|
(236)
|
(247)
|
(274)
|
(309)
|
(374)
|
(475)
|
(528)
|
(511)
|
(360)
|
(223)
|
(118)
|
(92)
|
(232)
|
|
Income from Continuing Operations |
271
|
271
|
274
|
262
|
309
|
294
|
351
|
431
|
441
|
574
|
588
|
662
|
780
|
985
|
1 001
|
1 079
|
1 088
|
1 121
|
186
|
447
|
571
|
813
|
767
|
873
|
1 099
|
1 034
|
1 021
|
831
|
636
|
543
|
621
|
700
|
892
|
1 251
|
1 412
|
1 371
|
982
|
569
|
282
|
199
|
391
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
6
|
6
|
5
|
5
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(24)
|
(60)
|
(98)
|
(98)
|
(98)
|
(38)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
271
N/A
|
271
+0%
|
274
+1%
|
262
-4%
|
309
+18%
|
294
-5%
|
351
+20%
|
431
+23%
|
441
+2%
|
574
+30%
|
588
+3%
|
662
+12%
|
780
+18%
|
985
+26%
|
1 001
+2%
|
1 079
+8%
|
1 088
+1%
|
1 097
+1%
|
125
-89%
|
349
+179%
|
473
+35%
|
715
+51%
|
729
+2%
|
873
+20%
|
1 099
+26%
|
1 034
-6%
|
1 021
-1%
|
831
-19%
|
636
-23%
|
543
-15%
|
621
+14%
|
700
+13%
|
892
+27%
|
1 251
+40%
|
1 412
+13%
|
1 372
-3%
|
984
-28%
|
576
-42%
|
288
-50%
|
204
-29%
|
396
+94%
|
|
EPS (Diluted) |
4.08
N/A
|
4.07
0%
|
4.1
+1%
|
3.95
-4%
|
4.64
+17%
|
4.42
-5%
|
5.29
+20%
|
6.48
+22%
|
6.62
+2%
|
8.63
+30%
|
8.84
+2%
|
9.95
+13%
|
11.73
+18%
|
14.81
+26%
|
15.04
+2%
|
16.22
+8%
|
16.36
+1%
|
16.5
+1%
|
1.88
-89%
|
5.24
+179%
|
7.1
+35%
|
10.74
+51%
|
10.95
+2%
|
13.12
+20%
|
16.52
+26%
|
15.54
-6%
|
15.34
-1%
|
12.51
-18%
|
9.57
-24%
|
8.16
-15%
|
9.34
+14%
|
10.53
+13%
|
13.41
+27%
|
18.82
+40%
|
21.2
+13%
|
20.61
-3%
|
15.42
-25%
|
8.65
-44%
|
4.32
-50%
|
3.07
-29%
|
5.9
+92%
|