India's KRBL surges nearly 10% after quarterly profit jump

KRBL

08/08/2025 05:25

** Shares of KRBL Ltd KRBL.NS surge 9.7% to 407.55 rupees, eyes best day since March 2024

** Rice exporter's first-quarter profit jumped 74% to 1.51 billion Indian rupees ($17.2 million) helped by higher exports

** India had placed curbs on rice exports in the year-ago period

** Around 2.9 million shares traded, 3.9x the 30-day avg volume

** India Gate basmati rice maker's shares up ~36% YTD vs GRM Overseas' GRMO.NS ~75% surge, while Chaman Lal Setia Exports CLSE.NS down 30% and Kohinoor Foods KOFO.NS down ~23%

($1 = 87.5970 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))