KPR Mill surges 15%, hits 52-week high on good Q2 results, capex plan

The company said enquiries from the current clientele as well as from the new markets are much encouraging

Shares of KPR Mill hit a fresh 52-week high of Rs 783, ralling 15 per cent on the BSE in the intra-day trade, on Wednesday after the company reported consolidated net profit of Rs 113 crore in September quarter (Q2FY21), as against Rs 60 crore in June quarter of FY21. The textiles company had clocked a profit of Rs 109 crore in the year-ago quarter.

Revenue from operations grew 74 per cent sequentially to Rs 906 crore as against Rs 522 crore reported in Q1FY21. Ebitda (earnings before interest, taxes, depreciation, and amortisation) margin, meanwhile, stood at 20.1 per cent, as