K.P.R. Mill (KPRMILL) Q4 20/21 earnings summary

Executive summary

• Consolidated revenue reached a record ₹3,56,899 lakh vs ₹3,38,909 lakh in FY20; PBT rose to ₹68,886 lakh from ₹47,167 lakh and PAT to ₹51,526 lakh from ₹37,668 lakh.

• Demand revived across yarn and garments after lockdowns; casualwear trends supported orders, while sugar and ethanol added revenue and profitability.

Financial highlights

• Consolidated revenue from operations was ₹3,53,015 lakh vs ₹3,35,263 lakh; total revenue, including other income, was ₹3,56,899 lakh vs ₹3,38,909 lakh.

• Consolidated PBDIT was ₹86,840 lakh vs ₹65,841 lakh; PBT was ₹68,886 lakh vs ₹47,167 lakh and PAT was ₹51,526 lakh vs ₹37,668 lakh.

• Consolidated EPS was ₹74.88 vs ₹52.90; cash EPS was ₹96.20.

• Standalone revenue was ₹2,99,160 lakh vs ₹2,93,453 lakh; PAT was ₹43,262 lakh vs ₹29,461 lakh and EPS was ₹62.87 vs ₹41.37.

Outlook and guidance

• Garment capacity expansion near Tirupur is planned at 42 million garments annually, lifting total capacity to 157 million garments per year upon implementation.

• Sugar, co-gen and ethanol expansions are underway through a wholly owned subsidiary; management expects added value and revenue from the projects.

• FASO’s South India rollout received encouraging feedback; expansion toward a pan-India footprint was being approached cautiously amid the second COVID wave.

• Management cited bright prospects but warned that second-wave restrictions could temporarily slow growth; FY22 sector growth expectations were described as double-digit on a low base.