Kewal Kiran’s Q3 profits up 37.14 percent

Announcing the financial results for the third quarter

ended December 31, 2012, Kewal Kiran Clothing reported net profit/(loss) of Rs 120 million as compared to Rs 87.5 million for the quarter ended December 31, 2011, representing an increase of 37.14 percent. Total income was at Rs 774.5 million for the quarter ended December 31, 2012 whereas the same was at Rs 646.1 million for the quarter ended December 31, 2011, representing an increase of 19.87 percent.

The company has reported an EPS of Rs 9.74 for the quarter ended December 31, 2012 as compared to Rs 7.10 for the quarter ended December 31, 2011. It has posted net profit/(loss) of Rs 369.2 million for the nine months period ended December 31, 2012 as compared to Rs 397.3 million for the nine months period ended December 31, 2011, representing a decrease of 7.07 percent.

Total income was at Rs 2,260 million for the nine months period whereas the same was at Rs 2,347.1 million for the nine months period ended December 31, 2011 a decrease of 3.71 percent. It reported an EPS of Rs 29.95 for the nine months period ended December 31, 2012 as compared to Rs 32.24 for the same period.

Incorporated in 1981, Kewal Kiran Clothing today is amongst the few large branded apparel manufacturers in India. It has sales in Asia, Middle East and CIS. It designs, manufactures and markets branded jeans, semi-formal and casual wear for men and women.