Its net profit stood at Rs 86.49 crore in the year-ago period, the company said in a regulatory filing.
However, income from operations fell to Rs 732.98 crore during July-September quarter from Rs 918.76 crore in the corresponding period of the previous year.
"Our topline has declined as export markets were slow. However, our profit has increased on improvement in prices and margins," KRBL Managing Director Anil Mittal said.
During last fiscal, the net profit rose to Rs 337.06 crore while income from operations increased to Rs 3,428.13 crore.
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The Agricultural and Processed Food Products Export
Development Authority (APEDA) was established by the Government of India under the Agricultural and Processed Food Products Export Development Authority Act passed by the Parliament in December, 1985. APEDA links Indian exporters to global markets for the promotion of large range of processed food products, besides providing comprehensive export-oriented services.
About KRBL
Background: KRBL has its genesis as a 127-year-old firm engaged in the business of grain marketing and agro processing, reinforcing its long-standing experience and expertise in the industry. Incorporated in 1993 with the objective of processing paddy, the Company, promoted by Mr. Anil Kumar Mittal, Mr Arun Kumar Gupta and Mr Anoop Kumar Gupta, is today synonymous with Basmati rice the world over, and has bestowed the Indian Basmati rice with global glory.
Products: Company is a global branded food specialty company marketing basmati and non-basmati rice in its brands along with seeds such as quinoa and other by-products such as rice bran oil, de-oiled cake and furfural etc. The company is also engaged in power generation from solar power plant, wind turbine and a husk-based power plant.
Production Capacity: It is a leading integrated industry player with business philosophy aligned with its quality rice. Its rice milling capacity of 195 MT/hour, the largest in the word, lends it a distinctive edge, ranking it at the top of the industry. KRBL Limited has the capacity to handle 20% of total Basmati production of India.
For More Information, Visit https://bsmedia.business-standard.comwww.Krblrice.Com. Media Contact Details
Kirti Pathak, Genesis Burson-Marsteller, +91-9643822320, Kirti.Pathak@bm.Com.