RHI Magnesita India Ltd, D B Realty Ltd, Sona BLW Precision Forgings Ltd and Delhivery Ltd are among the other losers in the BSE's 'A' group today, 31 May 2023.

KRBL Ltd crashed 9.14% to Rs 366.85 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.6 lakh shares were traded on the counter so far as against the average daily volumes of 31720 shares in the past one month.

RHI Magnesita India Ltd lost 7.00% to Rs 636.05. The stock was the second biggest loser in 'A' group.On the BSE, 75892 shares were traded on the counter so far as against the average daily volumes of 16301 shares in the past one month.

D B Realty Ltd tumbled 6.45% to Rs 82.92. The stock was the third biggest loser in 'A' group.On the BSE, 1.97 lakh shares were traded on the counter so far as against the average daily volumes of 62344 shares in the past one month.

Sona BLW Precision Forgings Ltd slipped 4.66% to Rs 508.2. The stock was the fourth biggest loser in 'A' group.On the BSE, 20.69 lakh shares were traded on the counter so far as against the average daily volumes of 1.66 lakh shares in the past one month.

Delhivery Ltd corrected 4.29% to Rs 350. The stock was the fifth biggest loser in 'A' group.On the BSE, 45340 shares were traded on the counter so far as against the average daily volumes of 28718 shares in the past one month.

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Net profit of KRBL rose 8.18% to Rs 117.98 crore in the quarter ended March 2023 as against Rs 109.06 crore during the previous quarter ended March 2022. Sales rose 29.61% to Rs 1279.73 crore in the quarter ended March 2023 as against Rs 987.40 crore during the previous quarter ended March 2022.

For the full year,net profit rose 52.59% to Rs 700.98 crore in the year ended March 2023 as against Rs 459.40 crore during the previous year ended March 2022. Sales rose 27.38% to Rs 5363.23 crore in the year ended March 2023 as against Rs 4210.56 crore during the previous year ended March 2022.

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Net profit of KRBL rose 8.11% to Rs 117.81 crore in the quarter ended March 2023 as against Rs 108.97 crore during the previous quarter ended March 2022. Sales rose 29.61% to Rs 1279.73 crore in the quarter ended March 2023 as against Rs 987.40 crore during the previous quarter ended March 2022.

For the full year,net profit rose 52.31% to Rs 700.68 crore in the year ended March 2023 as against Rs 460.04 crore during the previous year ended March 2022. Sales rose 27.38% to Rs 5363.23 crore in the year ended March 2023 as against Rs 4210.56 crore during the previous year ended March 2022.

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KRBL's net profit rose 8.11% to Rs 117.81 crore on 29.61% increase in net sales to Rs 1279.73 crore in Q4 March 2023 over Q4 March 2022. Sequentially, the net profit dropped 42.61% and net sales fell 16.68% in Q4 FY23 over Q3 FY23.

Profit before tax (PBT) stood at Rs 159.74 crore in Q4 FY23, down 41.78% quarter-on-quarter and up 8.56% year-on-year.

EBITDA jumped 10% YoY to Rs 187 crore. EBITDA margin stood at 14.1% in Q4 FY23, lower than 17% in Q4 FY22.

Total expenses rose 37.28% YoY to Rs 1163.11 crore in quarter ended 31 March 2023. Cost of materials consumed was at Rs 1345.74 crore (up 62.59% YoY) and employee expense was Rs 30.17 crore (up 11.45%) during the quarter.

During Q4 FY23, increase in basmati realization by 17% compared to Q4 FY22 was offset by a corresponding 24% rise in rice input costs.

Gross profit margin at 26.5% was lower owing to higher input cost and higher share of bulk non-basmati export sale (11% as against 7% of rice sales) where original contract was cancelled and goods had to be sold at lower realization in a different country.

EBITDA margin was at 14.1% and benefited from lower proportionate freight on sales, employee costs, and other expenses partially offset by Rs 10 crore transshipment expenses related to aforementioned deal.

For the full year, net profit rose 52.31% to Rs 700.68 crore on 27.38% increase in net sales to Rs 5363.23 crore in FY23 over FY22.

Net cash outflow from operating activities stood at Rs 360.02 crore as on 31 March 2023, compared with net cash inflow from operating activities at Rs 560.98 crore as on 31 March 2022.

Total bank borrowing as of 31st March 2023 was at Rs 138 crore as against Rs 6 crore as on 31st Mar 2022.

KRBL is a rice processing and exporting company, and the world's largest rice miller. It is best known for its India Gate brand of basmati rice, which is the largest selling rice brand in India.

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