KRBL hits record high on robust Q1 earnings

Stocks hits a record high of Rs 96 on the BSE post robust Q1 earnin

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SI Reporter Mumbai
Last Updated : Aug 06 2014 | 2:42 PM IST
Shares of KRBL were trading 18% higher at Rs 95 after hitting a record high of Rs Rs 96 on the BSE after the basmati-rice exporting major posted robust earnings for the June quarter.

Consolidated net profit for the quarter ended June 30, 2014 increased 47% to Rs 73 crore compared with Rs 60 crore in the same quarter last fiscal.

Total Income during the quarter under review increased 24% to Rs 860 crore from Rs 689 crore in the same quarter last fiscal.

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The company exports basmati rice under various brands such as India Gate, Doon and Taj Mahal Tilla among others.

The stock opened at Rs 85 and touched a high of Rs 96 so far. Over 4.6 million shares were traded so far on both the stock exchanges.

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First Published: Aug 06 2014 | 2:40 PM IST

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