KPR factory: clothing production up 13.29% in the first half of FY23

KPR Mill Ltd., the leading vertically integrated textile company based in Coimbatore, India, reported total revenue 1.31% higher in the second quarter of FY23, while net profit fell 16.7% from compared to the second quarter of FY22.

On an annual basis, the company’s apparel output was 65.37 million (in the first half of FY23), 13.29% higher than the 57.70 million apparel (in the first half of FY23). exercise 22).

The company exports a variety of knitted products, and also owns a domestic loungewear brand “FASO”.

Its total revenue in the second quarter of FY23 stands at Rs. 1240.51 crore compared to Rs. 1224.52 crore in the same period of the previous fiscal year.

The company, known for its quality products and CSR initiatives, recorded a net profit of Rs. 203.29 crores for the second quarter of FY23 compared to a net profit of Rs. 226, 69 crores for the period ended June 30, 2022.

In the first six months of the current financial year, the company recorded an increase of 31.48% in revenue, with its total revenue being Rs 2,845.48 million from Rs 2,164.16 million. rupees during the 6 months of the previous financial year.

Similarly, it recorded a net profit of Rs.429.98 crore for the six-month period ended September 30, 2022 compared to a net profit of Rs. 410.29 crore for the six-month period ended September 30, 2021, i.e. 4.80% more.

Michael O. Stutler