K.P.R. Mill Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 06, 2023 at 03:10 am EST
Share
K.P.R. Mill Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported revenue was INR 14,446.9 million compared to INR 12,842.9 million a year ago. Net income was INR 1,745.7 million compared to INR 2,117.7 million a year ago. Basic earnings per share from continuing operations was INR 5.11 compared to INR 6.16 a year ago.
For the nine months, revenue was INR 42,901.7 million compared to INR 34,484.1 million a year ago. Net income was INR 6,045.5 million compared to INR 6,220.6 million a year ago. Basic earnings per share from continuing operations was INR 17.68 compared to INR 18.08 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.