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News: KPR Mills revenues grew 23.2%yoy to Rs1529.2crore with core textile business (80% of revenues) growing by 22%yoy to Rs1221.6crore and sugar business (20% of revenues) grew by 33%yoy to Rs282.5crore in Q3FY25. Textile business revenues stood almost flat on QoQ basis. Gross margins decreased by 547bps yoy to 41.3%. EBIDTA margins decreased by 211bps yoy to 19.8% (stood flat on QoQ basis). Textile business EBIT margins improved by 187bps yoy to 18.8% while sugar business EBIT margins decreased to 6.3% in Q3FY25 vs. 25.0% in Q3FY24. EBIDTA grew by 11.3%yoy to Rs302.2crore and the reported PAT grew by 8.1%yoy to Rs202.3crore.
View: KPR Mills registered mixed performance in Q3 with revenues growing strongly in upwards by 20%+ while EBIDTA margins impacted unfavorable mix with sugar business witnessing dip in the profitability. Textile business continues to post strong performance with 22% revenue growth and EBIT margins remain high at 19%.
Impact: Neutral