26 October 2023, Mumbai
As per the latest Live Mint report l
Kewal Kiran Clothing announced its Q2 FY24 financial results on October 23, 2023, with revenue and profit up 15.97% and 27.04%, respectively, compared to the same quarter last year. Revenue and profit also registered significant growth of 47.13% and 47.36%, respectively, compared to the previous quarter.
Nuances
However, selling, general, and administrative expenses also went up by 17.83% quarter-on-quarter and 14.86% year-on-year. The operating income showed robust growth, with an 86.45% rise quarter-on-quarter and a 23.39% rise year-on-year. The EPS for Q2 FY24 was ₹8.06, which was a remarkable 27.13% increase year-on-year.
Kewal Kiran Clothing's stock performance was mixed, with a 3.7% return in the last week, a 67.12% return in the last six months, and a 40.63% YTD return. The company's market capitalization was ₹4,461.97 Crores and its 52-week high/low stock price range was ₹807 and ₹364.15, respectively.
