KPR factory second quarter results announced: profit increased by 1.57% year-on-year

KPR Mill Second Quarter Results Live Release: KPR Mill announced its second quarter results on November 5, 2024, showing mixed results for the quarter. The company’s revenue fell by 2.05% year-on-year, and its profit increased by 1.57% year-on-year.

Compared with the previous quarter, KPR Mill’s revenue fell by 8.05%, but profits increased by 0.83%. This suggests some resilience in profitability despite lower sales.

The company also reported a significant reduction in selling, general and administrative expenses, down 17.76% month-on-month and 3.98% year-over-year, making a positive contribution to profit margins.

However, operating income is facing challenges, with a month-on-month decrease of 7.24% and a year-on-year decrease of 2.92%. The pressure on operating efficiency is highlighted.

Second quarter earnings per share (EPS) was $In June, year-over-year growth was 1.69%, demonstrating the company’s ability to create value for shareholders even as revenue declines.

KPR Mill stock is showing a positive trend, returning 1% last week, 8.39% over the past six months, and 9.06% year-to-date. The company’s current market capitalization is $30,746.17 Cr, a new 52-week high $1,053 minimum $710.

As of November 6, 2024, the consensus among analysts covering KPR Mill is that the outlook is positive, with 1 analysts rating it a Hold, 3 recommending a Buy, and 3 advocating a Strong Buy, indicating a positive sentiment for the stock. The company is confident about its future performance.