K.P.R. Mill Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2016
October 24, 2016 at 04:44 am EDT
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K.P.R. Mill Limited reported unaudited consolidated and standalone earnings results for the second quarter and half year ended September 30, 2016. For the quarter, on a consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 7,339.7 million compared to INR 5,890.4 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,172.1 million compared to INR 826.2 million a year ago. Profit from ordinary activities before tax was INR 1,080.9 million compared to INR 727.7 million a year ago. Net profit for the period was INR 811.9 million compared to INR 521.8 million a year ago. Basic and diluted earnings per share were INR 21.55 compared to INR 13.85 a year ago. EBITDA was INR 1,620 million compared to 1,260 million a year ago.
For the half year, on a consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 13,727.8 million compared to INR 11,924.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,116.2 million compared to INR 1,673.5 million a year ago. Profit from ordinary activities before tax was INR 1,890.8 million compared to INR 1,457.2 million a year ago. Net profit for the period was INR 1,440.6 million compared to INR 1,026.7 million a year ago. Basic and diluted earnings per share were INR 16.66 compared to INR 11.80 a year ago. EBITDA was INR 3,010 million compared to 2,550 million a year ago. Book value per share was INR 328.61 per share as of September 30, 2016.
For the quarter, on a standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 5,246.2 million compared to INR 4,827.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 867.1 million compared to INR 698.6 million a year ago. Profit from ordinary activities before tax was INR 809.9 million compared to INR 640.1 million a year ago. Net profit for the period was INR 627.8 million compared to INR 444.7 million a year ago. Basic and diluted earnings per share were INR 16.66 compared to INR 12.03 a year ago.
For the half year, on a standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 10,333.4 million compared to INR 9,301.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,574.9 million compared to INR 1,358.6 million a year ago. Profit from ordinary activities before tax was INR 1,440.6 million compared to INR 1,227.3 million a year ago. Net profit for the period was INR 1,081.1 million compared to INR 853.1 million a year ago. Basic and diluted earnings per share were INR 28.69 compared to INR 22.64 a year ago.
K.P.R. Mill Limited is a vertically integrated apparel manufacturing company. The Company is engaged in the manufacture and sale of Yarn, knitted fabric, readymade garments, and wind power. Its segments include Textile, Sugar, and Others. Its products include yarn, fabric, garments, and sugar. Its yarn ranges include compact yarn, combed yarn, carded yarn, melange yarn, polyester cotton, viscose yarn, and grindel yarn. It also specializes in special yarns, such as color melange, slub yarn, injection slub and others. Its fabric products include single jersey, interlock, 1x1 rib, 2x1 rib, two thread fleece, three thread fleece, pique polo, single jersey with spandex yarn-all/ alternate feeder, and collar and cuff. It offers a range of knitted garments for men, women, and children out of cotton, organic cotton, cotton blends and fair-trade cotton. It also manufactures white crystalline sugar. Its subsidiaries include Quantum Knits Pvt. Limited and K.P.R. Sugar Mill Limited.