*Kitex Garments Ltd.* | *CMP* Rs. 294 | *M Cap* Rs. 5873 Cr | *52 W H/L* 300/59 (Nirmal Bang Retail Research) *Result is declining* Revenue from Operations came at Rs. 300.2 Cr (8.6% QoQ, 73.5% YoY) vs QoQ Rs. 276.3 Cr, YoY Rs. 173.1 Cr EBIDTA came at Rs. 51.1 Cr (-6% QoQ, 48.1% YoY) vs QoQ Rs. 54.4 Cr, YoY Rs. 34.5 Cr EBITDA Margin came at 17% vs QoQ 19.7%, YoY 19.9% Adj. PAT came at Rs. 33 Cr vs QoQ Rs. 41 Cr, YoY Rs. 20.1 Cr Quarter EPS is Rs. 1.7 Stock is trading at P/E of 42.3x TTM EPS