Shares of KRBL Ltd climbed 6.23% to Rs 402.70 today, November 14, after the basmati rice exporter posted a strong September quarter performance. The stock opened higher and extended gains in early trade.
The company reported a 67.6% year-on-year rise in net profit to Rs 172.1 crore, up from Rs 102.7 crore in the same period last year. Revenue from operations increased 18.9% YoY to Rs 1,511 crore, compared with Rs 1,270.4 crore a year earlier.
Operational performance strengthened considerably as EBITDA rose 84.5% YoY to Rs 226.25 crore, with margins improving to 15% from 10%. The expansion in margins reflects better realisations and cost efficiencies during the quarter.
KRBL’s integrated business model—covering seed development, contract farming, milling, and packaging—continued to support its financial momentum, contributing to improved profitability.
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