Kohinoor Foods dropped 5.72% to Rs 65.10 after the company reported consolidated net loss of Rs 13.86 crore in Q3 FY23 as compared to net profit of Rs 0.40 crore in Q3 FY22.
Net sales declined 25.7% to Rs 16.81 crore in Q3 FY23 as against Rs 22.61 crore in Q3 FY22.Total Expense jumped 39.41% to Rs 31.20 crore in Q3 FY23 as compared with Rs 22.38 crore in Q3 FY22. Cost of material consumed stood at Rs 5.99 crore (down 15.99% YoY), employee benefit expense was at Rs 1.38 crore (down 15.85% YoY).
Kohinoor Foods is a leading Basmati Rice player and has a Rice mill situated at Murthal, Sonepat. It also owns a food factory situated at Bahalgarh, Sonepat. The products of the company are known for superior quality and are popular worldwide.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app