KG Denim reported a strong first quarter with margins improving to 15.2 percent and net profit rising to Rs 9.3 crore as against Rs 1.6 crore year-on-year.
Debt was higher last year on account of investments made in a 12-MW co-generation plants and higher interest rates, says B Sriramulu, Managing Director, KG Denim.
In an interview to CNBC-TV18, the company's MD B Sriramulu says the margins have been lower than the industry due to lack of captive spinning facilities.