KPR Mills Ltd., one of the leading vertically integrated Coimbatore-based textile companies has received foreign investment as the world’s largest fund house ‘FIDELITY’, the US based FII, has invested by acquiring more than 1 per cent equity shares of the company.
KPR Mills Ltd. has a market capitalization of Rs. 24,629 crore.
As per the annual report the company is spending nearly Rs. 400 crore on modernisation and expansion.
In the current fiscal, it expects the plans to set up a vortex spinning mill at an outlay of Rs. 100 crore to be completed. It also expects the modernisation plan at an outlay of Rs. 100 crore in the textile segment to be over during the year.
The company manufactures readymade knitted apparel; fabrics; compact, melange, carded, polyster and combed yarn.
It can be mentioned here that the company’s total consolidated revenue grew by 0.63 per cent YoY from Rs. 1604.97 crore in Q1 FY ’23 to Rs. 1615.99 crore in Q1 FY ’24. During the same period net profit declined by 10.52 per cent YoY from Rs. 226.69 crore to Rs. 202.84 the total consolidated revenue grew by 0.63 per cent YoY from Rs. 1604.97 crore in Q1 FY ’23 to Rs. 1615.99 crore in Q1 FY ’24, for the same period net profit declined by 10.52 per cent YoY from Rs. 226.69 crore to Rs. 202.84 crore.
