Vertical integrated company KPR Mill, Coimbatore has reported its third quarter (FY21) results and it was robust quarter driven by strong demand for textile products.
The revenue of the company in this period grew 21 per cent in year-over-year (Y-o-Y) basis to Rs. 929.6 crore, with textile division (87 per cent of sales) posting 19 per cent Y-o-Y growth.
With the support of healthy order book and sustained demand for casualwear products, apparel volumes jumped 12 per cent Y-o-Y to 22.6 million pieces.
The average realisation/piece also firmed up 9 per cent to 163/piece, translating to value growth of 22 per cent Y-o-Y to Rs. 369 crore (40 per cent of sales).
The export order book at the end of third quarter of the current fiscal was healthy at Rs. 600 crore and revenue from yarn and fabric division (44 per cent of sales) grew 16 per cent Y-o-Y to Rs. 412 crore.
It is also pertinent to mention here that the company has expansion plans in garmenting division of worth Rs. 250 crore.
As on Q3, FY21, it has outstanding debt worth Rs. 556 crore and cash balance worth Rs. 350 crore.
