KPR Mill extends rally on strong Q4 results; stock zooms 37% in 7 days

The company said that the new expansion project of 42 million garments factory and sugar cum ethanol plant was progressing as per schedule

Shares of KPR Mill hit a new high of Rs 1,631.80 after rallying 18 per cent on the BSE in intra-day trade on Monday on the back of heavy volumes in an otherwise weak market. The stock was trading higher for the seventh straight day, zooming 37 per cent during this period, after the company's net profit more-than-doubled at Rs 186.16 crore in the March quarter (Q4FY21). It had posted profit of Rs 80.91 crore in the year-ago quarter.

The company’s revenue from operations jumped 28 per cent to Rs 1,130 crore from Rs 882 crore. Earnings before interest,