KPR Mill to set up new garment factory

KPR Mill is establishing a new garment factory with a capacity of 42 million garments per annum at an estimated project cost of Rs 250 crore. This expansion would drive the revenue going ahead as the garment segment is the highest revenue contributor to the company’s total revenue with a share of 42 per cent.

For the quarter ended September 30, 2020, KPR registered a 16.6 per cent YoY decline in consolidated revenue. Its EBITDA for the quarter grew by 10.7 per cent YoY to Rs 189.4 crore as against Rs 171.03 crore in the corresponding quarter last year, with a corresponding margin contraction of 106 bps while EBITDA margin for the quarter stood at 20.1 per cent.

The company has a capacity to produce 1,00,000 MT of yam per annum; 40,000 MT fabrics per annum; 115 million of ready-made knitted apparel per annum, 66 windmills with the total green power generation capacity of 61.92 MW; co-gen cum sugar plant with a capacity of 30 MW & 5,000 TCD and ethanol plant with 90 KLPD capacity.