Hot Pursuit     09-Nov-23
KRBL drops after Q2 PAT slides 28% YoY
KRBL slumped 8.34% to Rs 356 after the company's consolidated net profit fell 28.07% to Rs 153.29 crore on 8.03% decrease in net sales to Rs 1213.39 crore in Q2 September 2023 over Q2 September 2022.
Profit before tax stood at Rs 206.85 crore in the Q2FY24, down 27.40% YoY and down 19.63% QoQ.

Total expenses fell 1.45% to Rs 1039.64 crore in Q2 FY24 over Q2 FY23. During the quarter, cost of materials consumed stood at Rs 724.17 crore (up 2.33% YoY) while employee benefits expense was at Rs 37.15 crore (up 22.73% YoY).

Net cash flow from operating activities stood at Rs 1759.03 crore as on 30 September 2023, higher than Rs 1137.41 crore as on 30 September 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.

Previous News
  KRBL consolidated net profit declines 34.86% in the December 2023 quarter
 ( Results - Announcements 13-Feb-24   16:29 )
  KRBL director resigns
 ( Corporate News - 09-Jan-23   15:38 )
  KRBL Q2 PAT down 9% YoY on lower sales
 ( Hot Pursuit - 09-Nov-21   08:41 )
  KRBL Ltd leads losers in 'A' group
 ( Hot Pursuit - 17-Feb-22   15:01 )
  KRBL receives ratings action from CARE
 ( Corporate News - 22-Sep-21   18:59 )
  KRBL climbs on getting relief over tax demands
 ( Hot Pursuit - 12-May-22   10:32 )
  KRBL consolidated net profit rises 45.39% in the March 2019 quarter
 ( Results - Announcements 16-May-19   15:41 )
  KRBL consolidated net profit rises 32.12% in the September 2020 quarter
 ( Results - Announcements 06-Nov-20   17:11 )
  KRBL to announce Quarterly Result
 ( Corporate News - 24-Jan-23   11:57 )
  KRBL standalone net profit declines 9.01% in the September 2021 quarter
 ( Results - Announcements 08-Nov-21   17:12 )
  Board of KRBL considers hiving off its energy business into separate entity
 ( Corporate News - 12-Aug-20   09:28 )
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