Milk Predict

Hatsun Agro Dairy firm’s stock gains over 5% after net profit surges 63% in Q1

Hatsun Agro shares are trading over 5% higher on Tuesday, July 16, after the company reported a 62.9% increase in net profit at ₹130.5 crore for the first quarter that ended June 30, 2024.

 

In the corresponding quarter, Hatsun Agro Products posted a net profit of ₹80.1 crore, the company said in a regulatory filing. The company’s revenue from operations increased 10.4% to ₹2,375 crore against ₹2,150.6 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA jumped 39% to ₹330.3 crore in the first quarter of this fiscal over ₹237.7 crore in the corresponding period in the previous fiscal.

The EBITDA margin stood at 13.9% in the reporting quarter versus 11.1% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The board has declared an interim dividend of 6 per equity share (600%) on the fully paid-up equity shares of the face value of 1 per share. This is the first interim dividend declared by the board for the financial year 2024-25.

Also, the bard has fixed July 24, 2024, as the record date for the purpose of payment of interim dividend. The interim dividend will be paid on or before August 14, 2024.

The results came after the close of the market hours. Shares of Hatsun Agro Products Ltd were trading 5.65% higher at  ₹1,254.25 apiece at 10 am on Tuesday, July 16.

(Edited by : Shoma Bhattacharjee)
Source: Source : CNBCTV18 

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

Cows Grazing on Field Against Sky
Milk and dairy news

Hatsun Agro stock slips as Q2 PAT slides 17%

Hatsun Agro Product slipped 2.38% to Rs 1,081.40 after the company’s net profit declined 17.08% to Rs 64.32 crore in Q2 FY25 as against Rs

Scroll to Top

Please fill out the below and we will get back to you as soon as possible.

× How can I help you?