K.P.R. Mill Limited Reports Unaudited Standalone and Consolidated Earnings Results for Third Quarter and Nine Months Ended December 31, 2016
January 25, 2017 at 03:01 am EST
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K.P.R. Mill Limited reported unaudited standalone and consolidated earnings results for third quarter and nine months ended December 31, 2016. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 4,921.7 million, profit from operations before other income and finance costs and exceptional items of INR 799.4 million, profit from ordinary activities before tax of INR 773.1 million, net profit of INR 605.2 million or INR 8.03 basic and diluted per share, compared to the net sales/income from operations of INR 4,528.2 million, profit from operations before other income and finance costs and exceptional items of INR 517.0 million, profit from ordinary activities before tax of INR 476.7 million, net profit of INR 308.6 million or INR 4.09 basic and diluted per share, for the same quarter a year ago.
For the nine months, on standalone basis, the company reported net sales/income from operations of INR 15,255.1 million, profit from operations before other income and finance costs and exceptional items of INR 2,376.2 million, profit from ordinary activities before tax of INR 2,213.7 million, net profit of INR 1,686.3 million or INR 22.37 basic and diluted per share, compared to the net sales/income from operations of INR 13,829.4 million, profit from operations before other income and finance costs and exceptional items of INR 1,875.6 million, profit from ordinary activities before tax of INR 1,704.0 million, net profit of INR 1,161.2 million or INR 15.41 basic and diluted per share, for the same period a year ago.
For the quarter, on consolidate basis, the company reported net sales/income from operations of INR 5,865.4 million, profit from operations before other income and finance costs and exceptional items of INR 997.1 million, profit from ordinary activities before tax of INR 912.7 million, net profit of INR 709.0 million or INR 9.41 basic and diluted per share, compared to the net sales/income from operations of INR 6,229.0 million, profit from operations before other income and finance costs and exceptional items of INR 771.6 million, profit from ordinary activities before tax of INR 705.6 million, net profit of INR 529.8 million or INR 7.03 basic and diluted per share, for the same quarter a year ago.
For the nine months, on consolidated basis, the company reported net sales/income from operations of INR 19,599.7 million, profit from operations before other income and finance costs and exceptional items of INR 3,115.2 million, profit from ordinary activities before tax of INR 2,803.5 million, net profit of INR 2,149.6 million or INR 28.52 basic and diluted per share, compared to the net sales/income from operations of INR 18,153.3 million, profit from operations before other income and finance costs and exceptional items of INR 2,445.0 million, profit from ordinary activities before tax of INR 2,162.8 million, net profit of INR 1,556.5 million or INR 20.65 basic and diluted per share, for the same period 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.