q_

K.P.R. MILL LIMITED

Fbor Sdvari Shrimat. 1045, Avinashi Road, Coimbatole

'

641018.

c/'22-2207777 Fax : 04.22-?207T18

24h October, 2016

The Listing Department,

BSE Ltd.
1"t Floor, Rotunda Buildings,
Phiiroze Jeejeebhoy Towers,
Mumbai - 400 001.

The Listing Department,

National Stock Exchange of India Ltd.,
Exchange Plaza, Plot: C/1, G Block,
Bandra-Kurla Complex, Bandra (E),
Mumbai - 400 051.

Dear Sir,

Sub: Un-Audited Financial Results for the Quarter/Half Year ended 30.09'2016
Ref: Our Notice dated 15.10.2016

Further to our Notice under reference, we wish to inform you that the Board of Directors of
the Company at their Meeting held on 24' October 20't6, have approved the following
Un-audited Financial Results of the company for the Quarter/Half Year ended 30.09.2016.
1 . Consolidated
2. Standalone

We are sending herewith the Certified True Copies of the aforesaid Results along with the
Limited Review Report issued by the Statutory Auditors of the Company.
Key highlights of the financials is also enclosed.

Please take the above on record.

Thanking you,
Yours

Limited

Company Secretary
Encl: As above
CG:
1 . Corporate Relationship Department, Mumbai - 400 001
2. Corporate Relationship Department, Mumbai - 400 051
3. National Securities Depository Ltd, Mumbai - 400 013
4. Central Depository Services (l) Ltd, Mumbai - 400 001

R.gd. Offics: No.9, Gokul Buildingr, A.KS. llagar, Thsdagam Road, Coimbatoro - 64i 001. O :0122.2478090, Fax : 0O2'24780511
Email : conorrtkpmill.con Web : vwwv.tpmilllimiGd.com Cll{ : L17lllTZO3PLC0l0518

Garment Production up 55.36% Year on Year to 15.22Mn

Garments

36 Million New garment capacity ramping up continues

Additional Processing facility is progressing as per plan

Garment Industry is upbeat with proposed Government

lncentives

Revenue up 23.92o/o Year on Year to < 755'39 Crores

EBIDTA up 28.86% Year on Year to < 162.27 Crores

PBT up 48.53% Year on Year to

PAT up 55.60% Year on Year to 7 81.19 Crores

.t

Cash Profit up 30.90% Year on Year to

108.09 Crores

118.77 Crores

DISCLAIMER:

Th information in this release has ba6n included in good faith and is for general purposes only. lt should not
be relied upon for any specific purpose and no represntation or warranty is given as regards to its accucy
or completeness. No informatioil in this release shall constitute an invitation to invest in K.P.R.Mill Limited. or
any of its affiliatss. Neither K.P.R.Mill Limited., nor their or thsir affiliatss' officrs, employees or agents shall
be liable for any loss, damage or oxpenss arising out of any action taksn on the basis of this release,
including, without limitation, any loss of profit, indirect, incidental or consequential loss.

K.P.R. MILL LIMITED

,ffi

CIN : Ll7'l 1 1T22003P1c010518

Registered Office : No'9 Gokul Buildings,

Floor, A.K.S'Nagar, Thadagam Road, Coimbatore - 641 001'

Email : corporate@kprmill.com Web : www kprmilllimited'com Phdi,e

: 04.22-22077:17

Fax I G42?-22On78

SfATFMEToFuI{AUDITEDFIT{AI{GIALRESULTS(SIAI{DALoI{E)FoRTHEQuARTER/HAIfYEAREDED3oTHSEPTEaER2016
tn

sl.
I

Income fTom operations

(a) Net sales/Income from

operations
(b) Other Operating Income
Total Income from operauons
Expenses
(a) Cost of Materials Consumed
(b) Purdrase of Stock-in-trade
(c) Changes in inventories of Finished Goods and

52,462

I
I
I
I

Work-in-

Progress

(d) Employee Benefits Expense

(e) Depreciation and Amortisation Expense
(f) other Expenses

Finance Costs
lProfit from Operdtions before Other Income,
(1-2)
Exceptional ltems

land
lOther Income

lProfit ftom Ordinarv Activities before Finance Costs and

Exceptional Items (3+4)
lFinance Costs

tunaudited) {Unaudlt8d)

990

7,397

796

2,387

2,059

52,269

49,069

L,O5,72L

95,O71

57,6031

-l

s8,2021

(4,s30)l

(L,477)l

-l

34.8411

(3,8s0)l

32,7621

28,1201
I

(680)l

2,6771

lProfit from ordinary Activities after Finance costs but before

(5-6)
I Exceotional Items
lExceDtional Items

lProfit from ordinary activities before tax (7tg)

10 lTax Exoense
11 lruet eront from ordinary Activities after bx (9-10)
t2 lbdra-ordinary Items (net of Tax expenses)
9

13

t4

l
I

et Prcfit for the Deriod (U+12)

5,0901

4,2751

2,9s7]|

2,966
|
5,868 |
45,1911

5,7$l

44,78L1

8,67r

7.o7sl

15

16
L7

lTotal comorehensive Income(after Tax) (13+14)

lPaid-up Equity Share Capital (Face Value of {10 each)
lEaming Per Share of
lBasic and Diluted (in

9,3651

7,2661
6,t97 |

3,78s
3,143
4,358
42,093

11.611
89,972

81,4S51

6,986

75,749

8,5861

526

L,46

1,139

s,923l

tL,297l

713

7$l

9,3U

7,8t1

7,5r2

17,t95

74,725

1,285

1,504

1,111

2,759

2,452

8,ffrg

6,3O7

6,401

14,406

t2,273

opss
t,821

63O7

6,401

t4,406

12273

7,774

t,9g

3,595

3,742

6,278

4,533

4,447

10,811

8,531

6,278

4,533

4,447

1O,811

&s31

10

other comorehensive Income

-l

b
7

93,012

1,O3,334

4a,273

50.,472

53,/052

Total Erpnses

Half Year Ended

30.09.2016 m.og.2015

Quarter Endcd
:t0.n9,2015 30.06.2116 30.09.2015
lUnaudltcd) aunaudlted) (Unaudltd)

Pardcula1r

6,274

4,533

4,452

10,811

8,541

3,76A

3,768

3,768

3,78

3,768

16.66

12.03

11.80

28.69

22.64

10/- eadt (No Extraordinary ltems)

t) (Not Annualised)

sl,

P.rticr als

As

at

30.0!t,2015

aunauditcd)
ASSETS

llon-Current Assets
(a) Property, Plant & EquiPment
(b) Capital Work-in-Progress
(c) Other htangible Assets

(d) Financial Assets

(i) Invesbnents
(ii) Trade Receivables

(iii) Loans
(e) Other Non Current Assets

Total llon CurrGnt assts

85,842
564
76
a,a47

7l
744
5,455

1,O1,599

Current Assets
(a) Inventories

25,7&

(b) Financial Assets

(i) Trade Receivables
(ii) Cash & Cash Equivalents
(iii) Bank balances other than (ii) above

L (iv) Others
l(c) other current Assets
current assets
Itotal
Assets
lTotal

25,031

4,36t
7

3,2M
14,8U

73r2rt
L,74,450

IEQUITY AND UABILITIES

lEquity
l(a) Equity Share Capital
l(b) other Eouttv
Equity

3,768

1.M.537

1,08,305

lrotal
llon-current Liabiliues
I

l(a) Financial Liabilities

| (i) Bonowings

l(b)

Deferred Tax Liabilities (Net)

7,O93

5,696

L2,789

lcurrent Uabilities
l(a) Financial Liabiliues
| (i) Bonowings

|
|

(ii) Trade Payables

(iiD O$er Finandal Liabilities(other than financial liabilities
in item (c))
lspecified

34,2L3
9,930

6,928
7@

(iv) Others
l(b) other Current uabilities
l(c) Current Tax Liabilities(Net)
lTotal cunent Uabilities

53,755

lTotal Equity and Liabilities

\74,45O

280
1,645

1
2

and app.ovd by the

The above Unaudited Financial Results have been reviewed by the Audit Committee on 18.10.2016 and taken on record
Board of Directors at their meetings held on 24.10.2OL6'
in accordance with Ind AS 108 on
The Company operates in one segment (i.e) Textile business, and hence there are no reportable sgment

"operdting sgments".
results have been prepared in
The Company adopted Indian Accounting Standards ("Ind AS") from April 1,2016 and accordingly these financial
prescribed under section
Reporting'
Finaocial
As
34
in
Ind
"Interim
principles
laid
down
accordance with tire recognition and mJasurement
principles generally accepted in India.
133 of the Companies Act20l3 read with d]e relevant rules issued thereunder and the other accounting

to a limited review or audit and

The financial results pertaining to the Quarter / Half Year ended september 30, 2015 have not ben subjeded
necessary due diliqence to
has
exercisd
Management
The
Management.
n"u. l""n pro"nt"i based 6n the iniormation compiled by the
(Ind AS)'
Standards
Accounting
Indian
with
the
in
accordance
its
affairs
provide
fai;
view
of
true
and
a
results
en$re thatihe financial

5
6

.Limited Review" of the financial results for the Quarter/ Half Year Ended 30.G)'2016 and preceding
The Statutory Auditors have carried out
quafter ended 30.06.2016.
year ended 30.09'2015 is
The reconciliation between the Drofits as reported earlier and the "Ind AS" recasted profits for the quarter / half
givn below:

et Proflqlqr thq Friod qllder prevlou' Indian GIAP

on ;ccounlof interest
Net profit fgr the pgliod undqr Ind AS
Actuarial Gain on employee defined benefit fund recognised in other comprehensive
tncome

The results for the quarter

Half Year ended 30.09.2015 have been

period. Further, previous period figures have been regrouped

to comdy with Ind-AS to make them comparable with the cunent

reclassified, wherwer necessary, to conform with the cuffent period

re#ted

presentation.

Fo] KP.RMILL

Coimbatore

24.rO.2016

Managing
DI r 00229137

K.P.R.

MIIL LIMITED

CIN : L17111TZ2OO3PLC01O51a

.SraTErEttt

Registerd Office : No.g Gokul Buildings, I floor, A"K.S Nagar, Thadagam Road, Cdmbatore - 641 ml'
Emaif : corporate@kpmiff .com Web : www.kp.miilllmited.com Phone : 0422-2207777 Fax I U?2'22o7778
oF ultauDITED FI AI{CrlL RESULTS (COIISOLIDATED) FOR THE QUAXTER / HALF YEAR EI{DED 3OTH SEpTEllIER.2olS

(a) Net Saletlncome from operauons

(b) Other Operating Income
otal Incom fTom oPerations
Expenses

(a) Cost of Materials Consumed

Arrchase of Stock-in-bade
Changes in inventories of Finished Goods, Work-in-

(D Other Expnses

4
5

'6

Profit frcm Operations bfore Other Income, Finance

and Exceptional ltems (1-2)
Other Income
Profit from Ordinary Ativities before Finance CosG
ExceDtimal ltems (3+4)

from Ordinary Activities after Finance

8
9
10
11
12

IJ

C.osts

ct Profitfor the pedod (11t12)

t Profit after Tax+ Mlnorlty InterEst and Share of

of Ascociat$ (13+14+15)

tMt
L7

como(ehensive Income

18

Comprehensive Incoire(after Tax)

20

Eaming Per Share of

9A4L

4,262
475

t4,572

1,812

14,572
4,305

6287

r0257

6,247

(Lo6s) of Associates

Paid-up Equity Share Capital (Face Value of

52,697

rprn

ftom ordinary activities before tax (718)

of Pront

LL,72l

57,L6r

but

Exoense
Profit from Ordinary Adivities after tax (9-10)
Items (net of Tax ergenses)

L4

10,601

5,536
3,85s
5,933

(d) Employee Bnefts Expens

(e) Depreciation and Amodisation Epens

(15+u)

t10 each)

10/- each (No Edaordinary ltems)

14'/n6

10,267

Non-Currsnt A3st3
(a) Property, Plant & Equiprnent
(b) Cadtal Work-in-Progress
(c) Goodwill
(d) Ober Intangible Assets
(e) Financial Assets

(i) Investnents
(ii) Trade Receivables

(0 Other Nm Current Assets

Current lssets
(a) Inventories

(b) Financial Assets

(i) Trade Receivables
(ii) Cash & cadr Equivalents
(iii) Bank balances other than (ii) above
(iv) others

EQUITY AI{D

UAIILITIES

Equlty
(a) Equity Share Capital
(b) Other Equity

on-Curient llablllties
(a) Financial Liatilites
(i) Borowings
(b) Deferred Tax Uabilities (Net)
(c) Other Non-Cunent Liabilities

Total

on Currcnt Uabiliues

Liabiliti'
) Financial Liatilities
(i) Borrowings
(ii) Trade Payables
(iii) Other Financial Liabilities
(other than financial liabilities specified in item (c))

(iv) othec
Other Current Liabilities
Current Tax Liabilities(Net)

1,20,805

AUDTTED SEG}IEIfT REPORTIIIG FOR THE QUARTER

HAT-F

YEIR

DED 3OTH SEPTEI'IBER 2t)16

Qu.rt6r End.d/As

Sl.1{o

F.rticubrl

30.t19.2015

30.06.2016

H.lf Ycar End.d/AB at

.t
30.09.2015

(Unaudltcd) aUn.udlted) (U||audlEd)

56[|ENT
1

TNet

REVENUE

sales

Total
Less: Inter Segment Revenue
Net Sales / Income ftom Operations

(Proft

1,16,986

1,03,1s0

3,070

52,688
3,193
3.023

L4,604
5.688

10,519
6,101

73,397

63,881

58,gfi

r37 274

L,r9,770

73,397

63,881

58,904

L,37,278

t,t9,243

9,r20
24r

8,105

t9,223

t6,441

19

80

138

L,703
236
21,162
3,674

65
229
16,735
3,276

L.424

13,459
1,113

18,908

t4,572

57,624

s9,358

13,151
2.618

r,453

Before Tax and Finance Costs

10,103

L,462

c) Others

Total

Lt,72r

Less: Finance Costs

1,550
10,061

744

Add: Other Income

Total Profit Before Tax

10,

Segrnent Assets
a) Textile

L,92,A52
27,907
5,301

b) sugar
c) Others
d) Unallocated
Total
4

udiH)

527

from eadr segment)

a) Txtile
b) Sugar

:to.og.2015

(Unaudit d) aun

Income

sgment)
a) Textile
b) Sugar
c) OtheG

SEGMENT RESULTS

30.09.2016

2,509
2,28,569

a,262
2,018

1,450

7,423
676

5,802
475
7,27'

D,444

1,63,531

L92,As2

1,63,631

34,890

27,907
s,301
2.509

34,890
4,790

8,091

1,94,343
38,319

5,M6
1.938
2,39,641

4,790
598

2,03,909

598

2,24,51

2,03,1

Seqment Uabilities

a7,620
13,236
3.885

a) Textile

b) Suqar
c) Others

I,O4;,
The above ljnaudited Financial Results have been reviewed by the
Board of DirEdors at thelr meetjng held on 24.10.2016.

1,M,485
L5,276

3,649
1,23,,

68,529
26,993
3,490
99,11:

68,629
26,993
3,490

a7,620
L3,236
3.885

99,11:

L,O4,741

tudit Comrnittee oo 18.10.2015 and taken on record and approt/ed by the

The Company has classified the operdtions pdmarily into three segments viz., Textile, Sugar and Others based on nature of paoducts, risK
refums and the intemal buslness repoating systern.
The Co.npany adopted Indlan Accounting Standards ("Ind AS") from Apdl 1,2016 and accordingly these financlal re$fts have been prcpared in
accoJdance with the recognition and heasorement principles laid down in the Ind AS 34 "Interim Financial Repordng' prescaibed under Sclion
133 of the Compantes Act 2013 read wnfi the relevam rules issued thereunder and th other accounting principles generally accepted in India.
The nnancial result5 pe.taininq to the Quarter / Half Year eoded September 30, 2015 have not been subrected to a limited review or audit and
have ben presenH based oat the info.mation comfrited by the Managetnent. The Management ha5 exerEised necessary due diligence to
ensure that the financial resufts pro/ide a bue and fair view of lts affaiE in accordance with the Indian Accoundng Standards (Ind AS).

The Statltory Auditors ha\,/e canied out 'Llmited Revie$/' of the financial resuhs for the Quarter / Half Year ended 30.09.2016 and preceding
quarter ended 30.06.2016.
The reconciliatjon bdr,9een the profts as reported earlier and the 'Ind AS" recasH profits for the qua.ter / Half Year ended 30.09.2015 is
given below:

Quartcl
Endd

30.09.2015

Prdrt fo. th Drlod undcr pr{bua rndbn GAAP

on account of interest on lnteiest ftee GwemmCnt Sales

LOan

account of other income

Drolit for Ele Deriod under Ind AS
rbrial Gain on'employee defned Eenefit tund recognised

other comprchensive income

The .e$hb for the Quarter

Half Year ended 30.09.2015 have been rcltated to comply wtth Ind-AS to make them comparable with the curent
.edassmed, wherevet necessary, to conform with the curent period

perlod. Further, previous period figures have been regrouped

presentation.

For K.P.R.MILL

P
Coimbatoae

24.10.2016

lilanaging
DI r 00229137

Deloitte
Haskins & Sells

Cha,teaed Accountants

Shanmugha Manram
41 Race Course
Colmbetorc - 641 01 8

lndla

INDEPENDENT AUDITOR'S REVIEW REPORT OI{

REVIEW OF INTERIM FINANCIAL RESULTS

Tet +91 (/$12) iA92EO1 - 803

Fa* +91 14221 2223515

TO THE BOARD OF DIRECTORS OF

K.P.R, MILL LIMITED

1

We have reviewed the accompanying Statement of Standalone Unaudited Financial

Results of K.P,R, MILL LIMITED ("the Company"), for the quarter and half year
ended September 30, 2016 and Standalone Unaudited Statement of Assets and
Liabilities as at September 30, 2016 ("the Statement"), being submitted by the
Company pursuant to the requirement of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular
No. CIR/CFD/FAC /62/2OL6 dated July 5, 2016. We have not performed a review or
audit, as stated in Note 04, of the figures relating to the corresponding quarter and
half year ended September 30, 2015 including the reconciliation of net profit for the
quarter and half year ended September 30, 2015 between the previous GAAP and
Indian Accounting Standards C'IND As"), as reported in this statement.

This Statement which is the responsibility of the Company's Management and

approved by the Board of Directors, has been prepared in accordance with the
recognition and measurement principles laid down in the Indian Accounting Standard
34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the

Companies Act, 2013 read with relevant rules issued thereunder and other
accounting principles generally accepted in India. Our responsibility is to issue a
report on the Statement based on our review.
2.

We conducted our review of the Statement in accordance with the Standard on

Review Engagements (SRE) 2410 Review of Interim Financial Information Performed
by the Independent Auditor of the Entity', issued by the Institute of Chartered
Accountants of India. This Standard requires that we plan and perform the review to
obtain moderate assurance as to whether the Statement is free of material
misstatement. A review is limited primarily to inquiries of Company personnel and
analytical procedures applied to financial data and thus provides less assurance than
an audit. we have not performed an audit and, accordingly, we do not express an
audit oDinion.

J.

Based on our review conducted as stated above. nothing has come to our attention
that causes us to believe that the accompanying Statement, prepared in accordance
with the aforesaid Indian Accounting standards and other accounting principles
generally accepted in hdia, has not disclosed the information required to be
disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as modified by circular No. CINCFD/FAC|62/2016
dated July 5, 2016, including the manner in which it is to be disclosed. or that it
contains any material misstatement.
For

Deloitte Hasklns & Sells

Chartered Accountants
(Firm's Registration No.

Partner
(Membership No.023418)
Coimbatore, 24 October, 2016

Deloitte
Haskins & Sells

ChanEd Aaco|Jntants
Shanmutha Manr.m
41 Raca Cours

Colmbatore . 541
lndla

01 E

Te[ +91 (/P2] i|i}92EO1 - q)3

Faxi +91 1422, 2223615

INDEPENDENT AUDITOR'S REVIEW REPORT ON

REVIEW OF INTERIM FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF

K.P.R. MILL LIMITED

1.

we have reviewed the accompanying Statement of Consolidated Unaudited Financial

Results of K.P.R. MILL LIMITED ("the Parent") and its subsidiaries (the Parent and
its subsidiaries together referred to as "the Group"), for the quarter and Half year
ended september 30, 2016 and the Consolidated Unaudited Statement of Assets and
Liabilities as at September 30, 2016 ("the Statement"), being submitted by the Parent
pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and

Disclosure Requirements) Regulations. 2015, as modified by Circular No.

CINCFD/FAC/62/2016 dated July 5, 2016. We have not performed a review or audit,
as stated in Note 04, of the figures relating to the corresponding quarter and half year
ended September 30, 2015 including the reconciliation of net profit for the quarter and
half year ended September 30, 2015 between the previous GAAP and Indian
Accounting Standards C'IND AS"), as reported in this statement.

This Statement which is the responsibility of the Parent's Management and approved
by the Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid down in Indian Accounting Standard 34 "Interim Financial
Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013
read with relevant rules issued thereunder and other accounting principles generally
accepted in India. Our responsibility is to issue a report on the Statement based on our
review.
We conducted our review of the Statement in accordance with the Standard on Review

Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the

Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of
India. This Standard requires that we plan and perform the review to obtain moderate
assurance as to whether the Statement is free of material misstatement. A review is
limited primarily to inquiries of Parent's personnel and analytical procedures applied to
financial data and thus Drovides less assurance than an audit. We have not oerformed
an audit and, accordingly, we do not express an audit opinion.
3.

The Statement includes the results of the following entities:

K.P.R. Mill Limited (Parent)
o. Quantum Knits Private Limited (Wholly owned Subsidiary)

K.P.R. Sugar Mill Limited (Wholly owned Subsidiary)

o. Jahnvi Motor Private Limited (Wholly owned Subsidiary)

Galaxy Knits Limited (Wholly owned Subsidiary)

Deloitte
Haskim&Sells

4.

We did not review the interim financial results of three subsidiaries included in the
consolidated financial results, whose interim financial results reflect total assets of
Rs.69,513 Lakhs as at September 30, 2016, total revenues of Rs. 25,305 Lakhs and
Rs.42,803 Lakhs for the quarter and half year ended September 30, 2016,
respectively, and total profit after tax of Rs.1,845 Lakhs and Rs.3,530 Lakhs for the
quarter and half year ended Septembe( 30, 20L6, respectively, as considered in the
consolidated financial results.
These interim financial results have been reviewed by other auditors whose reports
have been furnished to us by the Management and our report on the Statement, in so
far as it relates to the amounts and disclosures included in respect of these
subsidiaries, is based solely on the reports of the other auditors.

5.

Based on our review conducted as stated above and based on the consideration of the
reports of the other auditors referred to in paragraph 4 above nothing has come to our

attention that causes us to believe that the accompanying Statement, prepared in

accordance with the aforesaid Indian Accounting Standards and other accounting
principles generally accepted in India, has not disclosed the information required to be
disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FACl62l2O76
dated luly 5,2076, including the manner in which it is to be disclosed, or that it
contains any material misstatement.
For

Dloitte Haskins & Sells

Chartered Accountants
(Firm's Registration No.

Rajagopal
Partner
(Membership No.023418)
Coimbatore, 24 October, 2016