KRBL Q4 net up 58% at Rs 47.28 crore
KRBL reported a 58% rise in consolidated net profit at Rs 47.28 cr for the quarter ended March 31, 2012, from Rs 29.99 cr in the year-ago period.
By PTI | Updated:
NEW DELHI: Rice exporter KRBL today reported a 58 per cent rise in consolidated net profit at Rs 47.28 crore for the quarter ended March 31, 2012, from Rs 29.99 crore in the year-ago period.
The income from operations rose to Rs 472.77 crore in the fourth quarter of fiscal 2011-12 against Rs 448.24 crore in the corresponding period of 2010-11.
For the entire 2011-12 fiscal, KRBL's net profit fell by 39 per cent at Rs 73.03 crore from Rs 120.33 crore in the previous fiscal. The total income rose to Rs 1,631.35 crore in 2011-12 fiscal from Rs 1,544.59 crore in the last fiscal.
"Our expenditure on interest, depreciation and employees salary increased in 2011-12 fiscal compared with the previous year," KRBL's Chairman and Managing Director Anil Mittal said while explaining the reason behind profit decline in 2011-12.
The company's finance cost increased to Rs 70.02 crore in 2011-12 from Rs 47.56 crore in the previous fiscal.
The income from operations rose to Rs 472.77 crore in the fourth quarter of fiscal 2011-12 against Rs 448.24 crore in the corresponding period of 2010-11.
For the entire 2011-12 fiscal, KRBL's net profit fell by 39 per cent at Rs 73.03 crore from Rs 120.33 crore in the previous fiscal. The total income rose to Rs 1,631.35 crore in 2011-12 fiscal from Rs 1,544.59 crore in the last fiscal.
"Our expenditure on interest, depreciation and employees salary increased in 2011-12 fiscal compared with the previous year," KRBL's Chairman and Managing Director Anil Mittal said while explaining the reason behind profit decline in 2011-12.
The company's finance cost increased to Rs 70.02 crore in 2011-12 from Rs 47.56 crore in the previous fiscal.
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