KPR Mill Ltd. share price target

Revenue: KPR Mills (KPRM) consolidated revenue grew by 12.1% YoY to Rs 7.4 bn. Growth in textile business was muted at 1.2% YoY due to impact of GST rollout. Sugar segment revenue grew by 471 % YoY to Rs 830 mn as unsold inventory was liquidated in this quarter. EBITDA: Higher operating leverage in sugar and soft cotton prices helped in the expansion of EBITDA margin by 50 bps YoY. EBITDA stood at Rs 1.5 bn with an increase of 15.1% on YoY basis. PAT: Depreciation cost was largely along the anticipated lines. Other income however declined...

KPR is a leading garment exporter & vertically integrated player, engagedin manufacturing & marketing readymade knitted garments (amongst top 3garment manufacturers in terms of total units produced), Knitted fabrics & cotton yarn (4th largest Indian player in cotton yarn in terms of installed spindleage capacity) including value added Compact & Melange yarn.