KRBL reports weak results

The company reported weak numbers for Q1FY19 with top-line and bottom-line declined substantially.

KRBL's revenue for the quarter declined by 15 per cent yoy and qoq to Rs. 744 crore in Q1FY19 vs Rs. 872 crore in Q1FY18 and Rs. 876 crore in Q4FY18. The company's agribusiness reported a sharp decline in revenues.

The EBITDA for the quarter declined by 10 per cent yoy to Rs.183 crore in Q1FY19 vs Rs. 203 crore in Q1FY18 and Rs. 204 crore in Q4FY18. The EBITDA margins for the quarter rose by 130 bps to 24.6 per cent in Q1FY19 and 23.3 per cent in Q1FY18.

The net profit for the quarter declined by 11 per cent yoy to Rs. 101 crore in Q1FY19 vs Rs. 113 crore in Q1FY18. The net profit reported 5.6 per cent qoq increase in the net profit.

The stock closed up gaining 4.12 per cent at Rs. 339 per share on Tuesday.