Home / Knowledge / News / Textiles / KPR Mill delivers steady performance in H1
KPR Mill delivers steady performance in H1
05
Nov '08
KPR Mill Limited (KPR Mill), one of South India's leading vertically integrated apparel company, announced its results for the quarter and half year ended September 30, 2008.

KPR Mill's distinct operational model has enabled the Company to deliver superior earnings, thus positioning itself as a sustainable “margin leader” in its domain.

The following strategies of the Company ensure implementation of costeffective processes, which further lead to strengthening of operating efficiencies:
o Access to cheap wind energy, which results in reduced costs on fuels along with self-sufficiency in terms of power.

o Unique labour model, which helps in enhancing productivity, as well as to optimise operating costs.

o Purchase of top grade raw material at cheap prices in the peak season which improves production efficiency.

Commenting on the financial results, Mr. P Nataraj, Managing Director, KPR Mill Limited, said: “KPR Mill has delivered a steady performance in the current reporting period. We have tried to mitigate the impact of the concerning environmental factors as much through our cost-effective operating strategy. Integration of our on-going expansion plans would help to further ensure better operational abilities going forward.

Though the industry is at a crossroad because of factors like high cotton prices, slowing growth overseas and acute power shortages, we expect that our strong order book and unique business model would keep us insulated to that extent.”

Q2 FY2009 v/s Q2 FY2008 Performance Overview
During Q2FY2009, Net Sales stood at Rs. 1,777.2 million, up 38% from Rs. 1,285.8 million in Q2FY2008. EBIDTA during the quarter was lower by 25% to Rs. 331.5 million from Rs. 443.3 million in the corresponding quarter last year. Net Profit for Q2FY2009 was at Rs. 54.2 million as against Rs. 206.2 million, resulting in an EPS (Basic) of Rs. 1.44 for Q2FY2009 (Rs. 5.98 in Q2FY2008).

H1 FY2009 v/s H1 FY2008 Performance Overview
During the first half of FY2009, KPR Mill reported a rise in Net Sales by 32% to Rs. 3,456.8 million from Rs. 2,614.7 million last year. EBIDTA stood at Rs. 727.3 million, lower by 13% from Rs. 835.5 million, translating to EBIDTA margins at 20.4% levels for the current half year. PBT in the current half year was reduced by 55.1% at Rs.215.6 million as compared Rs. 480.4 million in the corresponding period last year. Profit after tax was at Rs.173.7 million as against Rs. 370.3 million,translating into an EPS (basic) of Rs. 4.61. The EPS (basic) in the same half last year was Rs. 11.18.

Capex update:
KPR Mill's has successfully completed the Phase I capacity expansion programme during Q4 FY2008 at an outlay of Rs. 5,440.5 million. Phase II of the capacity expansion programme is being undertaken at an outlay of Rs. 1,219 million is progressing as perthe business plan.

KPR Mill is a leading vertically integrated apparel Company, with major interest in manufacturing and marketing readymade knitted garments, knitted fabric and cotton yarn.

For more detial click here.

KPR Cotton Mills Private Limited

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search