KPR Mill touches record high on good Q1 results

The stock surged 10% to Rs 706 after the company reported a 28% Y-o-Y jump in net profit at Rs 50.49 crore in the June quarter.

Shares of KPR Mill surged 10% to Rs 706, also their record high on the BSE, after the company reported a 28% year-on-year (YoY) jump in consolidated net profit at Rs 50.49 crore for the quarter ended June 30, 2015 (Q1). The textiles company had posted a profit of Rs 39.40 crore in the same quarter a year ago.

Net sales of the company during quarter review grew 5% at Rs 623 crore against Rs 594 crore in the corresponding quarter of previous fiscal.

EBITDA (earnings before interest, tax, depreciation and amortization) margin for the quarter increased to 19.6% as compared to 18.4% in the previous year quarter.

At 12:07 PM, the stock was up 8.6% at Rs 696 on the BSE. A combined 191,925 shares changed hands on the counter on the BSE and NSE.