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KRBL rises on reporting net profit of Rs 54.01 crore in Q2

08 Nov 2012 Evaluate

KRBL is currently trading at Rs. 26.70, up by 0.05 points or 0.19% from its previous closing of Rs. 26.65 on the BSE.

The scrip opened at Rs. 26.90 and has touched a high and low of Rs. 27.40 and Rs. 26.50 respectively. So far 186156 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 28.90 on 07-Nov-2012 and a 52 week low of Rs. 12.75 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 28.90 and Rs. 25.55 respectively. The current market cap of the company is Rs. 656.40 crore.

The promoters holding in the company stood at 56.78% while Institutions and Non-Institutions held 4.03% and 39.19% respectively.

KRBL has reported results for second quarter ended September 30, 2012.

The company has reported net profit of Rs 54.01 crore for the quarter ended September 30, 2012 as compared to net loss of Rs 24.06 crore for the same quarter in the previous year. Total income of the company has increased by 13.92% at Rs 571.46 crore for quarter under review as compared to Rs 392.10 crore for the quarter ended September 30, 2011.

KRBL manufactures products like rice bran oil, furfural and de-oiled cakes. The husk is utilized to extract furfural and the bran used to produce around 50 tonnes of rice bran. It has a total bran oil capacity of 42 MTPD and furfural of 10 MTPD.

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