K.P.R. Mill Limited – Q4 FY26 Results

key financial highlights

• Revenue from Operations:
  • Revenue (Q4 FY26): ₹5,252.19 Lakhs
    • QoQ Change: +21.62%
    • YoY Change: +0.89%
  • Previous Quarter (Q3 FY26): ₹1,46,742 Lakhs
  • Previous Year (Q4 FY25): ₹1,76,898 Lakhs
• Profit After Tax (PAT):
  • PAT (Q4 FY26): ₹22,717 Lakhs
    • QoQ Change: +8.90%
    • YoY Change: +11.06%
  • Previous Quarter (Q3 FY26): ₹20,860 Lakhs
  • Previous Year (Q4 FY25): ₹20,455 Lakhs
• QoQ Performance:
  • Revenue: Revenue increased sharply sequentially due to strong textile dispatches and seasonal sugar segment improvement.
    
  • Profit: Profit improved sequentially with stable operating margins and improved segment profitability.

Margin Analysis

Drivers:

• Textile segment continued to contribute the majority of profits.
• Sugar segment profitability improved significantly.
• Inventory changes supported gross margins.
• Finance costs remained controlled.
• Other expenses declined sequentially.

Insight:

• The company maintained healthy operational efficiency despite volatile commodity-linked input costs.

Segment performance

Segments: Textile

• Revenue: ₹1,44,499 Lakhs
• Insights:
  • Largest revenue contributor.
  • Stable YoY growth with strong sequential recovery.
  • Continued leadership in integrated textile operations.

Segments: Sugar

• Revenue: ₹34,802 Lakhs
• Insights:
  • Strongest sequential growth segment.
  • Improved profitability due to operational recovery and pricing support.
  • Contributed significantly to quarterly earnings expansion.

Segments: Sugar

• Revenue: ₹1,912 Lakhs
• Insights:
  • Minor contribution to overall revenue.
  • Revenue declined both QoQ and YoY.

Segment insight

Business Summary:

K.P.R. Mill remains heavily driven by its textile operations while sugar operations are emerging as an important profitability contributor.

Key Characteristics:

• Vertically integrated textile manufacturer
• Strong yarn and garment business
• Diversified into sugar and ethanol
• Export-oriented operations
• Commodity-linked margin structure

Earning quality check

Key Drivers:

• Operating cash flow remained strong at ₹1,10,784 Lakhs.
• Cash generation from operations remained healthy despite working capital expansion.
• Trade receivables increased due to higher business activity.
• Capex investments increased materially during FY26.
• Finance costs remained stable despite higher working capital borrowings.

Interpretations:

• Earnings quality remains healthy with strong operating cash generation supporting expansion and capital expenditure requirements.

balance sheet Analysis

• Total Assets: ₹6,83,284 Lakhs
• Total Liabilities: ₹1,13,524 Lakhs

Insight:

• The balance sheet strengthened further due to higher retained earnings and improved capital employed.

Key Observations:

• Equity increased to ₹5,69,760 Lakhs.
• Current assets expanded significantly.
• Cash balances reduced due to large investing activities.
• Current borrowings increased to support working capital and investments.
• Capex spending increased materially during FY26.

key risks

• Cotton price volatility may affect textile margins.
• Sugar pricing and government policy risk.
• Export demand fluctuations.
• Working capital intensity remains elevated.
• Commodity-linked raw material exposure.

management strategy signals

Focus Area:

• Expansion of integrated textile operations
• Sugar and ethanol business growth
• Capacity utilization improvement
• Cost efficiency optimization
• Strengthening export competitiveness

Financial metrics table

Quarterly Performance Context