K P R Mill Ltd's Q4 results show positive trend in profitability and EPS.
K P R Mill Ltd, a leading textile company, has declared its financial results for the quarter ending March 2024. Despite a flat performance, the company's stock has a 'Buy' call from MarketsMojo. The company's operating profit, PBT, and PAT are the highest in the last five quarters, indicating a positive trend in profitability. However, the interest cost has increased, possibly due to higher borrowings. Overall, K P R Mill Ltd shows a positive trend in profitability and EPS, making it a strong player in the largecap textile industry.
K P R Mill Ltd, a leading textile company in the largecap industry, has recently declared its financial results for the quarter ending March 2024. The company has shown a flat performance in this quarter, but there are positive signs for the future.
According to MarketsMOJO, a leading stock analysis platform, K P R Mill Ltd's stock call is 'Buy'. This is based on the company's financial performance in the last quarter, which has seen an improvement in its score from -6 to 3 in the last 3 months.
One of the key factors contributing to this positive outlook is the company's operating profit (PBDIT) for the quarter, which is the highest in the last five quarters at Rs 335.07 crore. This indicates a positive trend in the near term for the company's profitability.
Similarly, the company's profit before tax less other income (PBT) and profit after tax (PAT) for the quarter are also the highest in the last five quarters, at Rs 266.02 crore and Rs 213.61 crore respectively. This shows that the company is creating higher earnings for its shareholders.
However, one area of concern for K P R Mill Ltd is its interest cost, which has grown at 31.97% quarter on quarter (QoQ) to Rs 19.69 crore. This could signify increased borrowings by the company.
Overall, K P R Mill Ltd's financial results for the quarter ending March 2024 show a positive trend in terms of profitability and earnings per share (EPS). With a 'Buy' call from MarketsMOJO, the company seems to be on a strong footing in the largecap textile industry.
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