Kitex Garments Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 904.595 million against INR 786.522 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 164.472 million against INR 110.243 million a year ago. Profit from ordinary activities before tax was INR 154.100 million against INR 78.065 million a year ago. Net profit was INR 103.640 million or INR 2.18 per basic and diluted share against INR 56.315 million or INR 1.19 per basic and diluted share a year ago.

For the nine months, the company reported net sales/income from operations of INR 2,113.416 million against INR 2,200.924 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 374.088 million against INR 346.633 million a year ago. Profit from ordinary activities before tax was INR 323.710 million against INR 260.437 million a year ago. Net profit was INR 216.119 million or INR 4.55 per basic and diluted share against INR 178.100 million or INR 3.75 per basic and diluted share a year ago.