K.P.R MILL LTD

K.P.R. Mill is a garment exporter, as well as a vertically integrated apparel company based in South India. The company also has a sugar mill with 5,000 tonnes per day capacity, with co-gen of 34 mega watt capacity. 

The company posted a good set of numbers for Q1FY17 with its sugar unit showing a major jump in earnings. Its EBIT margin jumped up from a meagre 0.63% to 16.59%. On the other hand EBIT of textile unit fell from 16.52% to 15.36% (YoY).

Net sales of the company was up 6% and costs rose 5.5%. EBITDA came in at Rs.132 crore, up 8% while margins were marginally better, up from 20.23% to 20.66%. It ended the quarter with a net profit at Rs.63 crore, up 26%. Equity was at Rs.37.68 crore and EPS was at Rs.16.68 (FV of Rs.10/share).

Like typical of all south based companies, the promoters stake remains high at 74.96%. FIIs have a 3.06% stake.