Kitex Q2 FY26: Revenue slides, profit down, auditor flags US associate

Qualified audit opinionRevenue declinedNet loss reportedExceptional itemEBITDA margin compressionRelated-party transactionsResults View source PDF Explain this filing

KITEX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.1%Reaction day

₹206.90

prior close

₹190.19

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%-3.0% vs market

Garments & Apparels peers, median of 37sector-0.5%-2.6% vs sector

On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 2.6 pts less than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+6.6

10m

+8.8

15m

+9.6

30m

+7.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.1-0.1-3.0-0.5-2.6

Next day

+1.7-0.2+1.9-0.6+2.3

+3.2+0.4+2.8-1.1+4.3

+3.1-0.4+3.5-1.3+4.4

+3.5-0.6+4.1-0.5+4.0

+8.3-0.9+9.2-0.5+8.8

+1.3-3.0+4.3-2.9+4.2

15d

-3.4-3.9+0.5-4.7+1.3

-4.7-4.8+0.1-6.1+1.3

-25.1-7.8-17.3-15.0-10.1

-5.1-7.2+2.1-11.0+5.9

UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 37Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Standalone Q2 revenue dropped to Rs 120 cr from Rs 197 cr YoY, with net profit at Rs 10.87 cr versus Rs 26.05 cr. A Rs 17.50 cr provision write-back on Kitex USA receivables was booked as exceptional income. Consolidated Q2 swung to a Rs 6.22 cr loss from profit last year. Auditor qualified the Rs 27.76 cr Kitex USA LLC investment, noting fully eroded net worth and lack of supporting evidence.

Likely market impact

Sharp revenue decline, margin compression, and audit qualification on US associate raise concerns despite one-time exceptional write-back.