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06 February 2022, Mumbai:
KPR Mill reported a 35.5% rise in consolidated net profit to Rs 211.77 crore on a 35.59% increase in revenue from operations to Rs 1260.48 crore in Q3 FY22 over Q3 FY21.
Profit before tax jumped by 29.8% to Rs 283.2 crore in Q3 FY22 from Rs 218.2 crore posted in Q3 FY21. Total expenses surged 39% to Rs 1002.65 crore in Q3 FY22 as compared to Rs 721.3 crore reported in the same quarter last year.
Meanwhile, the company's board announced a buyback of 22,36,000 equity shares, for an aggregate amount not exceeding Rs 179.99 crore.
The total buyback shares represent 9.53% of the total paid-up equity capital of the company. The buyback is proposed to be made at a price of Rs 805 per share. The buyback price is 16.72% premium to the current traded price.
As on 4 February 2022, promoters held 74.72% stake in the company.
About KPR Mill
KPR brings in the finest range of 100% organic inner wear and athleisure wear for the Indian market under the brand name FASO. Our three decades of garmenting excellence as well as passion for quality fashion garments has helped us to achieve a distinctive style and comfort wear in the inner garments.
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*Figures mentioned in the above article have been sourced from Business Standard & Money Control article.
