India's KRBL Ltd rises after Q1 profit jump

KRBL

02/08/2019 06:22

** Shares of KRBL Ltd  KRBL.NS  are up as much as 8.5% to
247.65 rupees
    ** The basmati rice processor posts 35.4% jump in
June-quarter profit to 1.36 bln rupees ($19.63 mln) against 1
bln rupees  urn:newsml:reuters.com:*:nFWN24X1H8
    ** Revenue jumps 64% to 12.18 bln rupees
    ** Stock's PE is at 10.68, well below sector average of
67.85
    ** Shares are down 19% this year, as of last close


($1 = 69.2730 Indian rupees)

 (Reporting by Harish Bhaskar in Bengaluru)
 ((Harish.Bhaskar@thomsonreuters.com; +91 9886782831; Reuters
Messaging: harish.bhaskar.thomsonreuters.com@reuters.net))