Brands
KRBL Q3 consolidated profit at Rs 170 crore
Nine months PAT Rs 493 crore on Rs 4,572 crore revenue, Agri segment drives growth.
MUMBAI: KRBL isn’t just cooking rice, it’s serving up a hearty profit platter even as some costs bubble over. The Delhi-based basmati giant reported consolidated profit after tax of Rs 169.97 crore for the quarter ended 31 December 2025, down slightly from Rs 172.11 crore a year earlier, despite a revenue dip.
Revenue from operations stood at Rs 1,476.93 crore (down from Rs 1,681.90 crore), with other income Rs 24.62 crore, pushing total income to Rs 1,501.55 crore. Expenses totalled Rs 1,272.86 crore materials Rs 1,498.36 crore (offset by inventory changes of Rs -461.71 crore), employee costs Rs 59.98 crore, finance Rs 1.45 crore, depreciation Rs 23.27 crore, other expenses Rs 140.06 crore. Profit before tax Rs 228.69 crore, tax Rs 58.72 crore.
The nine-month view looks more appetising, revenue from operations Rs 4,572.36 crore (up from Rs 4,151.56 crore), total income Rs 4,656.40 crore, profit before tax Rs 662.76 crore, PAT Rs 492.66 crore (up from Rs 321.84 crore). Attributable entirely to owners (no non-controlling interest impact). EPS Rs 2.15 basic/diluted for Q3, Rs 21.52 for nine months.
Segment breakdown reveals the real flavour: Agri (basmati and related) delivered Rs 1,492.66 crore Q3 revenue and Rs 222.96 crore segment results before finance/tax. Energy (power generation) added Rs 63.06 crore revenue and Rs 9.70 crore results. Nine months Agri Rs 4,554.53 crore revenue, Rs 618.84 crore results; Energy Rs 180.45 crore revenue, Rs 56.83 crore results. Inter-segment adjustments Rs -162.62 crore.
Geographical split, Agri India Rs 1,135.64 crore Q3, Rest of World Rs 357.02 crore; full nine months India Rs 3,278.70 crore, Rest of World Rs 1,275.83 crore. Energy fully India-based.
Full-year prior (31 March 2025): revenue ops Rs 5,593.81 crore, PAT Rs 476.05 crore, EPS Rs 20.80.
In a market where rice prices can swing like monsoon winds, KRBL keeps the grains steady top-line pressure in Q3 but strong nine-month momentum and Agri muscle proving the brand still packs plenty of punch. Whether you’re tracking stocks or just your next biryani, the numbers show this staple player isn’t short of steam.
Brands
Trump announces $300bn Texas oil refinery with Reliance, calls it the biggest in US history
First new US refinery in 50 years planned at Brownsville port with Reliance
WASHINGTON: The United States may soon see the first brand-new oil refinery built on its soil in half a century.
Donald Trump announced a proposed $300 billion refinery project in Texas, calling it a landmark moment for American energy production and jobs.
Posting on Truth Social on 10 March, Trump said the facility would be built at the Port of Brownsville and developed by a company called America First Refining, with major investment from India’s Reliance Industries.
The announcement frames the project as a centrepiece of the administration’s push for “energy dominance”, with Trump claiming it would deliver thousands of jobs and billions of dollars in economic activity to South Texas.
If realised, the plant would mark the first all-new major refinery constructed in the United States since the 1970s. In recent decades, oil companies have largely chosen to expand existing facilities rather than build new ones, citing high costs, regulatory hurdles and environmental scrutiny.
Trump described the proposed investment as the “biggest in US history”, positioning it as proof that policy changes such as streamlined permits and lower taxes are drawing large-scale energy investments back into the country.
The refinery is planned for the Port of Brownsville, a strategic Gulf Coast location that provides easy access to shipping routes and export markets.
A key partner in the project is Reliance Industries, controlled by billionaire industrialist Mukesh Ambani. The company already runs the world’s largest refining complex in Jamnagar, India, making it one of the most experienced operators in large-scale petroleum processing.
The Texas venture would mark a significant step for the group into America’s domestic refining sector, potentially strengthening industrial ties between the US and India.
The proposed refinery is being promoted as a next-generation facility capable of processing American shale oil while maintaining high environmental standards. Trump said it would be “the cleanest refinery in the world”, although the specific technologies behind that claim have not yet been detailed.
Industry observers also note that the $300 billion figure is unusually large for a refinery project, and analysts are waiting for more clarity on whether the number reflects total construction costs, long-term infrastructure investment, or broader economic impact estimates.
As of 11 March, Reliance Industries had not publicly confirmed the investment size or the structure of its involvement.
For now, the announcement has sparked equal parts excitement and curiosity in energy markets. If the plan moves from promise to pouring concrete, the refinery could reshape the Gulf Coast energy landscape, and reopen a chapter in American refining that has been quiet for nearly fifty years.
