K.P.R. Mill Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 07, 2022 at 02:24 am EST
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K.P.R. Mill Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 12,405.1 million compared to INR 12,245.2 million a year ago. Net income was INR 2,032.9 million compared to INR 2,422.2 million a year ago. Basic earnings per share from continuing operations was INR 5.95 compared to INR 7.04 a year ago.
For the six months, revenue was INR 28,454.8 million compared to INR 21,641.6 million a year ago. Net income was INR 4,299.8 million compared to INR 4,102.9 million a year ago. Basic earnings per share from continuing operations was INR 12.57 compared to INR 11.93 a year ago.
K.P.R. Mill Limited is an India-based textile company. The Company is engaged in the business of yarn, fabrics, garments, green power, sugar and ethanol. The Company's segments include textile, sugar and others. It produces yarns in a comprehensive range and varieties like compact yarn, combed yarn, carded yarn, melange yarn, polyester cotton, viscose yarn, grindel yarn and red label yarn. Its fabric products include the entire range of single jersey (also with lycra/spandex), interlock, rib, two and three thread fleece, pique polo, flat bed collar are key products. The Company provides a range of inner wear and athleisure wear for the Indian market under the brand name FASO. It provides men's wear and women's wear. It provides various garment types, such as casual wear, sportswear, active wear, sleep wear and work wear. It has a capacity to produce approximately 1,00,000 metric tons (MT) of cotton yarn; 4,000 MT Viscose vortex yarn per annum; 40,000 MT fabrics per annum, and others.