KRBL Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 13, 2024 at 03:58 am EST
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KRBL Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 14,370.3 million compared to INR 15,359.9 million a year ago. Revenue was INR 14,652.7 million compared to INR 15,539.3 million a year ago. Net income was INR 1,338.4 million compared to INR 2,054.5 million a year ago. Basic earnings per share from continuing operations was INR 5.85 compared to INR 8.73 a year ago. Diluted earnings per share from continuing operations was INR 5.85 compared to INR 8.73 a year ago.
For the nine months, sales was INR 40,640.7 million compared to INR 40,835 million a year ago. Revenue was INR 41,523.1 million compared to INR 41,330.8 million a year ago. Net income was INR 4,817.8 million compared to INR 5,830 million a year ago. Basic earnings per share from continuing operations was INR 20.68 compared to INR 24.77 a year ago. Diluted earnings per share from continuing operations was INR 20.68 compared to INR 24.77 a year ago.
KRBL Limited is an India-based integrated rice company. The Company is a basmati rice producer and has fully integrated operations in basmati value chain, which include seed development, contact farming, procurement of paddy, storage, processing, packaging, branding and marketing. It owns and manufactures basmati rice brands in India and abroad. It operates through two segments: Agri and Energy. Its Agri segment comprises of agricultural commodities, such as rice, furfural, seed, bran, bran oil, and others. Its Energy segment comprises of power generation from wind turbine, husk-based power plant and solar power plant. The Company offers its rice under a range of brands, including India Gate, Nur Jahan, Telephone, Train, Unity, Lotus, Lion, Doon, Aarati, Quilada, Al Wisam, Granny's Kitchen, Necklace, Bemisal and Indian Farm, among others. Its subsidiaries include K B Exports Private Limited and KRBL DMCC and KRBL LLC. It exports its products to Saudi Arabia, Iran, Iraq and others.