1/8/2024, 3:15:05 pm

KRBL shares plunge 9% after fourth straight quarter of net profit decline

KRBL Ltd reported a 55.5% year-on-year decline in consolidated net profit to ₹86.56 crore, with revenue from operations also seeing a 15.2% decline. The company's domestic revenue increased 9%, driven by higher volumes and improved realisation, but export revenue decreased due to reduced bulk exports. Shares tumbled 9% to ₹294.4, down 22% so far in 2024.