K.P.R. Mill (KPRMILL) Q4 21/22 earnings summary

Executive summary

• FY2021-22 delivered record consolidated revenue of ₹4,90,970 lakh and PAT of ₹84,184 lakh, despite industry disruption and sharply higher cotton prices.

• Textile remained the largest business; completed garment and sugar-cogen-ethanol expansions are expected to support revenue from FY2022-23.

Financial highlights

• Consolidated revenue from operations was ₹4,82,248 lakh vs ₹3,52,742 lakh; total income was ₹4,90,970 lakh vs ₹3,56,626 lakh.

• Consolidated PBT reached ₹1,14,152 lakh vs ₹68,886 lakh; PAT was ₹84,184 lakh vs ₹51,526 lakh.

• Consolidated PBDIT was ₹1,30,593 lakh vs ₹86,840 lakh; basic and diluted EPS was ₹24.47 vs ₹14.98.

• Standalone revenue from operations was ₹4,07,367 lakh vs ₹2,95,364 lakh; PAT was ₹73,080 lakh vs ₹43,262 lakh; EPS was ₹21.24 vs ₹12.57.

Outlook and guidance

• Management expects good textile and apparel demand as global markets recover; completed garment and sugar-cogen-ethanol capacity expansions are expected to contribute from FY2022-23.

• FASO’s pan-India rollout was delayed by the pandemic and was targeted for 2023; products were available through 3,000+ stores, with online sales growing.

• UAE and Australia trade agreements and ongoing FTA negotiations with the EU, UK and Canada are viewed as potential export supports.