- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Kewal Kiran Clothing Limited has announced a board meeting to discuss its financial results for the quarter and nine months ended December 31, 2024. The consolidated revenue from operations for the quarter stood at ₹20,946 crore, reflecting a growth of 4.62% year-over-year, driven primarily by increased demand and market expansion strategies implemented during the period.
The company reported a net profit of ₹15,209 crore, a significant increase compared to the previous year’s figure of ₹14,862 crore. This positive outcome can be attributed to robust cost management, which saw total operational expenses rise only modestly by 1.5% to ₹65,273 crore, despite the pressures from inflationary costs in materials and wages.
Kewal Kiran's earnings per share (EPS) for the quarter is ₹18.32, compared to ₹17.84 in the prior corresponding period. The balance sheet remains strong, with total assets of ₹1,20,369 crore and total liabilities at ₹34,282 crore, indicating healthy leverage ratios supportive of further growth.
The strategic focus moving forward appears to center on enhancing operational efficiency and innovation to sustain revenue growth, particularly as market demand continues to show resilience. Given these financial trends, the stock presents a favorable investment opportunity, suggesting a buy stance for retail investors.