Kitex Garments Limited’s Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025, following a meeting on February 13, 2026. The review included a qualified conclusion on the standalone results due to the carrying value of the investment in Kitex USA LLC. On the consolidated front, the Group reported a net loss attributable to equity holders of ₹935.60 lakhs for the quarter.
Board Meeting Outcome and Financial Review
The Board of Directors of Kitex Garments Limited convened on Friday, February 13, 2026, from 12:15 P.M. to 3:45 P.M. The primary agenda involved considering and approving the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. The results, accompanied by the Limited Review Report from the Statutory Auditor, MSKA & Associates LLP, were approved.
Standalone Financial Highlights (Unaudited)
For the quarter ended December 31, 2025, the Standalone Total Income stood at ₹17,341.40 lakhs, compared to ₹28,787.83 lakhs for the nine months ended the same date. The Net Profit for the quarter was ₹1,035.42 lakhs. Earnings Per Share (Basic and Diluted) for the quarter were ₹0.52 per share.
Standalone Qualification Note
The auditors issued a qualified conclusion concerning the standalone results. This qualification relates to the recoverability of the carrying value (₹2,776.24 lakhs) of the investment in the Associate Company, Kitex USA LLC, as management was unable to provide sufficient evidence substantiating the unobservable inputs used in their fair valuation model as of December 31, 2025.
Consolidated Financial Summary (Unaudited)
The Consolidated Statement reflects the Group’s overall performance, including subsidiaries. For the quarter ended December 31, 2025, the Group reported a Total Income of ₹18,700.28 lakhs. The period resulted in a Net Loss for the period of (₹1,700.20) lakhs.
Consolidated Profit Attributability
For the quarter ended December 31, 2025:
- Net (Loss)/ Profit attributable to Equity holders of the Holding Company was (₹938.88) lakhs.
- Net (Loss)/ Profit attributable to Non-controlling interest was (₹761.32) lakhs.
- Total Comprehensive Loss attributable to Equity holders was (₹935.60) lakhs.
Consolidated Nine-Month Results
For the nine months ended December 31, 2025, the Consolidated Total Comprehensive Income attributable to Equity holders of the Holding Company was ₹986.41 lakhs, yielding a Basic EPS of ₹0.49.
Consolidated Review Reliability
The review of the consolidated results was based partly on unaudited interim financial information from six subsidiaries and information regarding one associate. This information, which management deemed immaterial to the Group, reflects a total net loss after tax of (₹226.09) lakhs for the quarter across those subsidiaries.
Corporate Governance Updates
The Board approval was confirmed by Dayana Joseph, Company Secretary & Compliance Officer, and Sindhu Chandrasekharan, Whole-time Director, on February 13, 2026.
Note 6 on the standalone results mentions the Board’s approval in February 2025 for the Scheme of Arrangement involving the demerger of the textile business of Kitex Childrenswear Limited (KCL) into Kitex Garments Limited, pending necessary regulatory approvals.
Source: BSE
