Profit before tax (PBT) stood at Rs 159.74 crore in Q4 FY23, down 41.78% quarter-on-quarter and up 8.56% year-on-year.

EBITDA jumped 10% YoY to Rs 187 crore. EBITDA margin stood at 14.1% in Q4 FY23, lower than 17% in Q4 FY22.

Total expenses rose 37.28% YoY to Rs 1163.11 crore in quarter ended 31 March 2023. Cost of materials consumed was at Rs 1345.74 crore (up 62.59% YoY) and employee expense was Rs 30.17 crore (up 11.45%) during the quarter.

During Q4 FY23, increase in basmati realization by 17% compared to Q4 FY22 was offset by a corresponding 24% rise in rice input costs.

Gross profit margin at 26.5% was lower owing to higher input cost and higher share of bulk non-basmati export sale (11% as against 7% of rice sales) where original contract was cancelled and goods had to be sold at lower realization in a different country.

EBITDA margin was at 14.1% and benefited from lower proportionate freight on sales, employee costs, and other expenses partially offset by Rs 10 crore transshipment expenses related to aforementioned deal.

For the full year, net profit rose 52.31% to Rs 700.68 crore on 27.38% increase in net sales to Rs 5363.23 crore in FY23 over FY22.

Net cash outflow from operating activities stood at Rs 360.02 crore as on 31 March 2023, compared with net cash inflow from operating activities at Rs 560.98 crore as on 31 March 2022.

Total bank borrowing as of 31st March 2023 was at Rs 138 crore as against Rs 6 crore as on 31st Mar 2022.

KRBL is a rice processing and exporting company, and the world's largest rice miller. It is best known for its India Gate brand of basmati rice, which is the largest selling rice brand in India.