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Despite pandemic related challenges, KPR Mills Ltd. has reported yet another solid operational performance in Q1 FY22.
Revenue grew 67% YoY (down 19% QoQ) to Rs 903.7 crore.
Textile segment (87% of revenue) grew 85% YoY while sugar division (12% of revenues) de-grew 1.9% YoY.
Gross margins improved 458 basis points QoQ to 46.9% and continue to remain higher than its average level of 42-43% owing to enhanced yarn spreads.
Ebitda margins expanded 90 bps QoQ to 24.9%.
This is the fifth consecutive quarter wherein KPR Mill has maintained 20% plus Ebitda margins.
Announced stock split of one equity share of Rs 5 into five equity shares of Rs 1 each.
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