India’s leading vertical integrated textile company KPR Mill, Coimbatore announced its fourth quarter results. The company’s consolidated net profit soared 130.08 per cent to Rs. 186.16 crore on 28.07 per cent surge in revenue from operations to Rs. 1,129.72 crore in Q4 FY21 over Q4 FY20.
During the same period, the consolidated profit before tax (PBT) surged by 144.65 per cent to Rs. 238.17 crore in Q4 FY21 as against Rs. 97.35 crore in Q4 FY20.
The company said that new expansion project of 42 million garments factory and sugar-cum ethanol plant are progressing as per schedule.
Consolidated EBITDA grew 91.79 per cent year-on-year (Y-o-Y) to Rs. 279.27 crore in Q4 FY21 over Q4 FY20. The garments production jumped 14.74 per cent Y-o-Y to 26.46 million garments in Q4 FY21 compared with 23.06 million garments in Q4 FY20.
The company offers a range of textile varieties including variety of knitted apparels; fabrics; compact, melange, carded, polyester and combed yarn.