| Scrip Code | 521248 |
|---|---|
| NSE Symbol | KITEX |
| MSEI Symbol | NOTLISTED |
| ISIN | INE602G01020 |
| Name of company | KITEX GARMENTS LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 30-05-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 23-05-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Single segment |
| Description of single segment | Manufacturing of Garments |
| Start date and time of board meeting | 30-05-2026 15:00:00 |
| End date and time of board meeting | 30-05-2026 17:00:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Whether the company has any related party? | Yes |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | Yes |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | NA |
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA |
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? | No |
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |
| (b) If answer to above question is No, please explain the reason for not complying. | |
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | Yes |
| Latest Date on which RPT policy is updated | 13-02-2026 |
| Indicate Company website link for updated RPT policy of the Company | http://www.kitexgarments.com/wp-content/uploads/2026/04/RPT-Policy-25-26.pdf |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| Not Applicable for this quarter | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 11,055.20 | 59,169.06 | |
| Other income | 1,498.92 | 4,491.87 | |
| Total income | 12,554.12 | 63,660.93 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 4,740.62 | 23,447.61 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (91.65) | 4,340.65 |
| (d) | Employee benefit expense | 2,603.10 | 13,000.21 |
| (e) | Finance costs | 411.52 | 1,604.97 |
| (f) | Depreciation, depletion and amortisation expense | 289.63 | 1,228.04 |
| (f) | Other Expenses | ||
| 1 | Processing Charges | 838.39 | 4,366.60 |
| 2 | Consumption of Stores and Spares | 254.36 | 762.71 |
| 3 | Power, Fuel, Water and Gas | 594.72 | 2,787.51 |
| 4 | Repairs and Maintenance | 190.39 | 907.79 |
| 5 | Others | 1,344.91 | 5,114.12 |
| Total other expenses | 3,222.77 | 13,938.73 | |
| Total expenses | 11,175.99 | 57,560.21 | |
| 3 | Total profit before exceptional items and tax | 1,378.13 | 6,100.72 |
| 4 | Exceptional items | 0.00 | 1,750.00 |
| 5 | Total profit before tax | 1,378.13 | 7,850.72 |
| 6 | Tax expense | ||
| 7 | Current tax | 431.00 | 2,045.00 |
| 8 | Deferred tax | (15.07) | 115.74 |
| 9 | Total tax expenses | 415.93 | 2,160.74 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 962.20 | 5,689.98 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 962.20 | 5,689.98 |
| 17 | Other comprehensive income net of taxes | 87.85 | 92.00 |
| 18 | Total Comprehensive Income for the period | 1,050.05 | 5,781.98 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 1,995.00 | 1,995.00 | |
| Face value of equity share capital | 1 | 1 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | 1,13,352.32 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 0.48 | 2.85 | |
| Diluted earnings (loss) per share from continuing operations | 0.48 | 2.85 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 0.48 | 2.85 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 0.48 | 2.85 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. The above standalone financial results of Kitex Garments Limited (the Company) for the quarter and year ended March 31, 2026 were reviewed� by the Audit Committee and has been approved by the Board of Directors at its meetings held on May 29, 2026 and May 30, 2026 respectively. The audited Standalone Financial Results are prepared in accordance with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (“the Act”), read with Companies (Indian Accounting Standards) Rules, 2015, as amended, and other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India (SEBI) under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. 2. The Board of Directors has proposed final dividend of Rs. 0.5 per Equity share of face value Rs 1 each in the meeting held on May 30, 2026, which will be paid subject to the approval of the shareholders. 3. In accordance with Ind AS 108 on Operating Segments, the Company operates in a single business segment viz. Textile - Infant/Kids Apparel Manufacturing and hence has only one reportable segment. 4. During the twelve month period Company has acquired additional stake of 10,99,65,660 shares in subsidiary Company Kitex Apparel Parks Limited (KAPL) to the tune of Rs 11,986.26 lakhs. The Company has also provided guarantee for borrowings availed by KAPL from banks for sanctioned amount of Rs 2,02,300 lakhs of which Rs.99,064.21 lakhs is outstanding as on March 31, 2026. 5. The figures of the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the financial year up to March 31, 2026 and March 31, 2025 and the unaudited published year-to-date figures up to December 31, 2025 and December 31, 2024 being the date of the end of third quarter of the financial year which were subjected to limited review by statutory auditors. 6. The Company holds an investment in an Associate, Kitex USA LLC, which amounts to Rs 2,776.24 lakhs as on March 31, 2026 (March 31, 2025: Rs. 2,776.24 lakhs).The Associate's net worth has been fully eroded as on that date. The management of the Company has evaluated the fair valuation of the investments in the Associate by considering various factors including product mix optimization, service led income de-risking and the expected bilateral treaties with US and Europe which is expected to serve as a positive catalyst in enhancing cost competitiveness, unlocking demand visibility and expanding sales volume and margins. Further the management of the Company believes that basis the above valuation performed based on the forecasted future revenue growth and projected cash flows with higher contribution margins that the fair value of the investment in the Associate is higher than the carrying value. Hence, no material adjustments would be required to be made to the carrying value of the investments in the Associate in the standalone financial results of the Company for the quarter and year March 31, 2026. 7. During February 2025, Board approved the Scheme of Arrangement between Kitex Childrenswear Limited (KCL) and the Company and their respective shareholders and creditors, in compliance with Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, providing for demerger of textile business of KCL into the Company, which will given effect on obtaining the necessary regulatory approvals. 8. On November 21, 2025, the Government of India has consolidated 29 existing labour legislations into a united framework comprising four Labour codes viz Code on wages 2019, Code on Social Security 2020, Industrial Relation Code 2020 and Occupational Safety, Health and Working Condition Code 2020 (collectively referred to as the New Labour Codes). The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company is already in compliance with the basic wages criteria as prescribed under New Labour Codes for own employees and there is no material impact on the Company. The Company will continue to monitor the finalisation of Central and state rules and government clarifications to recognise any financial impact as appropriate. 9. During the second quarter, the Company received payment of Rs. 9,486.65 lakhs from Associate Company, Kitex USA LLC towards outstanding overdue trade receivables. Accordingly, the Company assessed the expected credit loss allowance of Rs.1,750 lakhs as provision no longer required and were written back in the Statement of Profit & Loss which has been disclosed as exceptional item. 10. Previous year's/period’s figures have been regrouped/reclassified, wherever necessary, to conform to the classification on the current year’s/period's classification. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2025 | |
| Date of end of reporting period | 31-03-2026 | |
| Whether results are audited or unaudited | Audited | |
| Nature of report standalone or consolidated | Standalone | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 9,164.58 | |
| Capital work-in-progress | 4,276.70 | |
| Investment property | 0.00 | |
| Goodwill | 0.00 | |
| Other intangible assets | 2.27 | |
| Intangible assets under development | 0.00 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 0.00 | |
| Non-current financial assets | ||
| Non-current investments | 57,441.46 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 19,945.01 | |
| Other non-current financial assets | ||
| 1 | Other Financial Assets | 293.60 |
| 2 | Income Tax Assets | 248.91 |
| Total of other non-current financial assets | 542.51 | |
| Total non-current financial assets | 77,928.98 | |
| Deferred tax assets (net) | 290.46 | |
| Other non-current assets | ||
| 1 | Other Non-Current Assets | 448.95 |
| Total of other non-current assets | 448.95 | |
| Total non-current assets | 92,111.94 | |
| 2 | Current assets | |
| Inventories | 13,047.12 | |
| Current financial asset | ||
| Current investments | 0.00 | |
| Trade receivables, current | 12,237.35 | |
| Cash and cash equivalents | 9,810.40 | |
| Bank balance other than cash and cash equivalents | 2,842.89 | |
| Loans, current | 0.00 | |
| Other current financial assets | ||
| Total of other current financial assets | 10,787.57 | |
| Total current financial assets | 35,678.21 | |
| Current tax assets (net) | ||
| Other current assets | ||
| 1 | Other current assets | 3,813.17 |
| Total of other current assets | 3,813.17 | |
| Total current assets | 52,538.50 | |
| 3 | Non-current assets classified as held for sale | |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | |
| Total assets | 1,44,650.44 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 1,995.00 | |
| Other equity | 1,13,352.32 | |
| Total equity attributable to owners of parent | 1,15,347.32 | |
| Non controlling interest | ||
| Total equity | 1,15,347.32 | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 4,469.36 | |
| Trade payables, non-current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | ||
| Total Trade payable | ||
| Other non-current financial liabilities | ||
| Total of other non-current financial liabilities | ||
| Total non-current financial liabilities | 4,469.36 | |
| Provisions, non-current | 1,441.82 | |
| Deferred tax liabilities (net) | ||
| Deferred government grants, Non-current | ||
| Other non-current liabilities | ||
| 1 | Other non-current liabilities | 71.97 |
| Total of other non-current liabilities | 71.97 | |
| Total non-current liabilities | 5,983.15 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 16,404.14 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 227.06 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 3,916.55 | |
| Total Trade payable | 4,143.61 | |
| Other current financial liabilities | ||
| 1 | Other current financial liabilities | 309.66 |
| Total of other current financial liabilities | 309.66 | |
| Total current financial liabilities | 20,857.41 | |
| Other current liabilities | 215.21 | |
| 1 | Other current liabilities | 215.21 |
| Total of other current liabilities | 215.21 | |
| Provisions, current | 113.51 | |
| Current tax liabilities (Net) | 2,133.84 | |
| Deferred government grants, Current | ||
| Total current liabilities | 23,319.97 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | |
| Total liabilities | 29,303.12 | |
| Total equity and liabilites | 1,44,650.44 | |
| Disclosure of notes on assets and liabilities | ||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-01-2026 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurements of post employment benefit obligations | 119.00 | 122.63 |
| 2 | Fair value changes on equity instruments carried through other comprehensive income | (1.61) | 0.31 |
| Total Amount of items that will not be reclassified to profit and loss | 117.39 | 122.94 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 29.54 | 30.94 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | 87.85 | 92.00 |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 31-03-2026 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Standalone | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 7,850.72 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 1,604.57 | |||||
| Adjustments for decrease (increase) in inventories | 5,902.03 | |||||
| Adjustments for decrease (increase) in trade receivables, current | 19,876.55 | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | 0.00 | |||||
| Adjustments for decrease (increase) in other non-current assets | 0.00 | |||||
| Adjustments for other financial assets, non-current | 0.00 | |||||
| Adjustments for other financial assets, current | 0.00 | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | (3,341.62) | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 0.00 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 1,228.04 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 0.00 | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | 0.00 | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | (2,698.20) | |||||
| Adjustments for dividend income | (0.20) | |||||
| Adjustments for interest income | 1,035.90 | |||||
| Adjustments for share-based payments | 0.00 | |||||
| Adjustments for fair value losses (gains) | 0.00 | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | 0.00 | |||||
| Other adjustments for non-cash items | (678.24) | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | 20,857.43 | |||||
| Net cash flows from (used in) operations | 28,708.15 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 3,024.75 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | 25,683.40 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 11,986.26 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 0.00 | |||||
| Purchase of property, plant and equipment | 951.96 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 9,310.25 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 0.20 | |||||
| Interest received | 164.59 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (167.55) | |||||
| Net cash flows from (used in) investing activities | (22,251.23) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 0.00 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 4,639.92 | |||||
| Repayments of borrowings | 17.02 | |||||
| Payments of lease liabilities | 0.00 | |||||
| Dividends paid | 994.32 | |||||
| Interest paid | 1,446.66 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) financing activities | 2,181.92 | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 5,614.09 | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 688.71 | |||||
| Net increase (decrease) in cash and cash equivalents | 6,302.80 | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 3,507.60 | |||||
| Cash and cash equivalents cash flow statement at end of period | 9,810.40 | |||||
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Auditor's opinion | Qualified opinion |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | MSKA & Associates LLP | Yes | 31-07-2027 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 63,660.93 | 63,660.93 |
| 2 | Total Expenditure | 57,560.21 | 57,560.21 |
| 3 | Net Profit/(Loss) | 5,689.98 | 5,689.98 |
| 4 | Earnings Per Share | 2.85 | 2.85 |
| 5 | Total Assets | 1,44,650.44 | 1,44,650.44 |
| 6 | Total Liabilities | 29,303.12 | 29,303.12 |
| 7 | Net Worth | 1,15,347.32 | 1,15,347.32 |
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
|---|---|---|---|---|---|---|---|
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors' Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Qualified opinion | Repetitive | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| Textual Information(1) | The Company has an investment in an Associate Company, Kitex USA LLC, amounting to Rs. 2,776.24 lakhs as at March 31, 2026 (March 31, 2025: Rs. 2,776.24 lakhs), which has fully eroded its net worth of the Associate as on that date. The management of the Company has determined the carrying value of investment from the said Associate as recoverable based on valuations performed and future projected cash flows, after considering the proposed changes in the business plan, forecasted future revenue growth and expected higher margin contributions. For the quarter and year ended March 31, 2026, the management of the Company has not been able to provide corroborative evidence to substantiate the reasonableness of the above-mentioned unobservable inputs. Accordingly, we are unable to comment on the recoverability of the carrying value of the investment in Kitex USA, LLC as at March 31, 2026. (Refer Note 6 to the standalone financial results) |
|---|---|
| Textual Information(2) | NA |
| Textual Information(3) | NA |
| Textual Information(4) | The management of the Company has evaluated the fair valuation of the investments in the Associate by considering various factors including product mix optimization, service led income de-risking and the expected bilateral treaties with US and Europe which is expected to serve as a positive catalyst in enhancing cost competitiveness, unlocking demand visibility and expanding sales volume and margins. Further the management of the Company believes that basis the above valuation performed based on the forecasted future revenue growth and projected cash flows with higher contribution margins that the fair value of the investment in the Associate is higher than the carrying value. |
| Textual Information(5) | No further comments |
| Name of CEO / Managing director | Sindhu Chandrasekharan |
|---|---|
| Name of CFO | Boby Michael |
| Name of audit committee chairman | C P Philipose |
| Name of statutory auditor | S Manikandan |
| Name of other signatory, if any, with designation | |
| Place | Kizhakkambalam |
| Date | 30-05-2026 |
Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) |
| Sr No. | Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||||
| Details of the party (listed entity/subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of the related party transaction ratified by the audit committee | Date of Audit Committee Meeting where the ratification was approved | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | Notes | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment ) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | ||||||||||
| 1 | Kitex Garments Limited | Kitex Childrenswear Limited | Group Company | Sale of goods or services | 30,000.00 | NA | 260.39 | 0.00 | 0.00 | ||||||||||||||||
| 2 | Kitex Garments Limited | Kitex Childrenswear Limited | Group Company | Purchase of goods or services | 9,500.00 | NA | 1,868.81 | 0.00 | 0.00 | ||||||||||||||||
| 3 | Kitex Garments Limited | Kitex Limited | Other related parties | Sale of goods or services | 3,310.00 | NA | 3.26 | 0.00 | 0.00 | ||||||||||||||||
| 4 | Kitex Garments Limited | Kitex Limited | Other related parties | Purchase of goods or services | 2,640.00 | NA | 252.37 | 0.00 | 0.00 | ||||||||||||||||
| 5 | Kitex Garments Limited | Anna Aluminium Private Limited | Other related parties | Purchase of goods or services | 40.00 | NA | 2.02 | 0.00 | 0.00 | ||||||||||||||||
| 6 | Kitex Garments Limited | Sara Spices Pvt Ltd | Other related parties | Purchase of goods or services | 500.00 | NA | 20.73 | 0.00 | 0.00 | ||||||||||||||||
| 7 | Kitex Garments Limited | Twenty20 Kizhakkambalam Association | Charitable Society | Any other transaction | Donation | 1,000.00 | NA | 275.00 | 0.00 | 0.00 | |||||||||||||||
| 8 | Kitex Garments Limited | Kitex Littlewear Limited | Wholly owned Subsidiary | Loan | 500.00 | NA | 0.80 | 0.00 | 0.00 | ||||||||||||||||
| 9 | Kitex Garments Limited | Kitex Littlewear Limited | Wholly owned Subsidiary | Interest received | 400.00 | NA | 171.39 | 0.00 | 0.00 | ||||||||||||||||
| 10 | Kitex Garments Limited | Kitex Littlewear Limited | Wholly owned Subsidiary | Sale of goods or services | 30.00 | NA | 0.60 | 0.00 | 0.00 | ||||||||||||||||
| 11 | Kitex Garments Limited | Kitex Kidswear Limited | Wholly owned Subsidiary | Loan | 500.00 | NA | 0.82 | 0.00 | 0.00 | ||||||||||||||||
| 12 | Kitex Garments Limited | Kitex Kidswear Limited | Wholly owned Subsidiary | Interest received | 400.00 | NA | 85.91 | 0.00 | 0.00 | ||||||||||||||||
| 13 | Kitex Garments Limited | Kitex Kidswear Limited | Wholly owned Subsidiary | Sale of goods or services | 20.00 | NA | 0.60 | 0.00 | 0.00 | ||||||||||||||||
| 14 | Kitex Garments Limited | Kitex Knits Limited | Wholly owned Subsidiary | Loan | 500.00 | NA | 13.27 | 0.00 | 0.00 | ||||||||||||||||
| 15 | Kitex Garments Limited | Kitex Knits Limited | Wholly owned Subsidiary | Interest received | 400.00 | NA | 103.01 | 0.00 | 0.00 | ||||||||||||||||
| 16 | Kitex Garments Limited | Kitex Knits Limited | Wholly owned Subsidiary | Sale of goods or services | 20.00 | NA | 0.60 | 0.00 | 0.00 | ||||||||||||||||
| 17 | Kitex Garments Limited | Kitex Socks Limited | Wholly owned Subsidiary | Loan | 500.00 | NA | 0.81 | 0.00 | 0.00 | ||||||||||||||||
| 18 | Kitex Garments Limited | Kitex Socks Limited | Wholly owned Subsidiary | Interest received | 400.00 | NA | 31.82 | 0.00 | 0.00 | ||||||||||||||||
| 19 | Kitex Garments Limited | Kitex Socks Limited | Wholly owned Subsidiary | Sale of goods or services | 20.00 | NA | 0.60 | 0.00 | 0.00 | ||||||||||||||||
| 20 | Kitex Garments Limited | Kitex Packs Limited | Wholly owned Subsidiary | Loan | 500.00 | NA | 0.80 | 0.00 | 0.00 | ||||||||||||||||
| 21 | Kitex Garments Limited | Kitex Packs Limited | Wholly owned Subsidiary | Interest received | 400.00 | NA | 31.57 | 0.00 | 0.00 | ||||||||||||||||
| 22 | Kitex Garments Limited | Kitex Packs Limited | Wholly owned Subsidiary | Sale of goods or services | 20.00 | NA | 0.60 | 0.00 | 0.00 | ||||||||||||||||
| 23 | Kitex Garments Limited | Kitex Babywear Limited | Wholly owned Subsidiary | Loan | 500.00 | NA | 0.80 | 0.00 | 0.00 | ||||||||||||||||
| 24 | Kitex Garments Limited | Kitex Babywear Limited | Wholly owned Subsidiary | Interest received | 400.00 | NA | 19.35 | 0.00 | 0.00 | ||||||||||||||||
| 25 | Kitex Garments Limited | Kitex Babywear Limited | Wholly owned Subsidiary | Sale of goods or services | 20.00 | NA | 0.60 | 0.00 | 0.00 | ||||||||||||||||
| 26 | Kitex Garments Limited | Kitex Apparel Parks Limited | Subsidiary Company | Investment | 34,700.00 | NA | 11,986.26 | 0.00 | 0.00 | ||||||||||||||||
| 27 | Kitex Garments Limited | Kitex Apparel Parks Limited | Subsidiary Company | Loan | 10,000.00 | NA | 9,000.00 | 0.00 | 0.00 | ||||||||||||||||
| 28 | Kitex Garments Limited | Kitex Apparel Parks Limited | Subsidiary Company | Advance | 9,000.00 | NA | 8,379.48 | 0.00 | 0.00 | ||||||||||||||||
| 29 | Kitex Garments Limited | Kitex Apparel Parks Limited | Subsidiary Company | Sale of goods or services | 40,000.00 | NA | 744.90 | 0.00 | 0.00 | ||||||||||||||||
| 30 | Kitex Garments Limited | Kitex Apparel Parks Limited | Subsidiary Company | Purchase of goods or services | 72,500.00 | NA | 2,308.15 | 0.00 | 0.00 | ||||||||||||||||
| 31 | Kitex Garments Limited | Scoobee Day Garments (India) Limited | Other related parties | Sale of goods or services | 2,500.00 | NA | 3.63 | 0.00 | 0.00 | ||||||||||||||||
| 32 | Kitex Garments Limited | Scoobee Day Garments (India) Limited | Other related parties | Purchase of goods or services | 2,000.00 | NA | 111.70 | 0.00 | 0.00 | ||||||||||||||||
| 33 | Kitex Garments Limited | Kitex USA LLC | Associate Company | Purchase of goods or services | 1,500.00 | NA | 950.70 | 0.00 | 0.00 | ||||||||||||||||
| 34 | Kitex Garments Limited | Kitex USA LLC | Associate Company | Sale of goods or services | 25,000.00 | NA | (249.07) | 0.00 | 0.00 | ||||||||||||||||
| 35 | Kitex Garments Limited | Sabu Meckamkunnel Jacob (Chairman and Managing Director) | Promoter | Remuneration | 382.52 | NA | 382.52 | 0.00 | 0.00 | ||||||||||||||||
| 36 | Kitex Apparel Parks Limited | Kitex Building Systems L.L.C-FZ | Other related parties | Purchase of goods or services | 35,000.00 | NA | 2,189.60 | 0.00 | 0.00 | ||||||||||||||||
| 37 | Kitex Apparel Parks Limited | Kitex Childrenswear Limited | Associate Company | Any other transaction | Issuance of shares | 15,000.00 | NA | 5,136.97 | 0.00 | 0.00 | |||||||||||||||
| 38 | Kitex Apparel Parks Limited | Kitex Childrenswear Limited | Associate Company | Purchase of goods or services | 20,000.00 | NA | 291.02 | 0.00 | 0.00 | ||||||||||||||||
| Total value of transaction during the reporting period | 44,382.39 | ||||||||||||||||||||||||