In Monday’s trading session, the shares of one of the leading FMCG players in India climbed by 3.1 percent on BSE to hit an intraday high at Rs. 1,640, after reporting financial results for Q1 FY24-25 with a rise in the net profit by nearly 200 percent YoY and 27.5 percent QoQ.
The shares of Patanjali Foods Limited Rs. 1603.7, up by 0.8 percent, as against its previous closing price of Rs. 1,591.15, with a market cap of Rs. 58,053 crore.
What’s the News:
The fluctuations in the share prices were observed after the company announced the financial results for Q1 FY24-25, through the recent filings with the stock exchanges on Friday post-market hours.
The standalone revenue from operations for Q1 FY24-25 stood at Rs. 7,173 crore, marking a 12.7 percent QoQ decline from Rs. 8,221.6 crore in Q4 FY23-24, and a 7.6 percent decrease year-on-year from Rs. 7,767 crore in Q1 FY23-24.
The net profit jumped nearly three-fold in Q1 FY24-25 by around 200 percent to Rs. 263 crore as against Rs. 87.7 crore in Q1 FY23-24, and on a quarter-on-quarter basis, it grew by 27.5 percent from Rs. 206.3 crore in Q4 FY23-24.
The EBITDA margin (from operations) stood at 6.07 percent during Q1 FY24-25 as against 5.08 percent in the previous quarter of FY23-24 and 2.73 percent in Q4 FY23-24.
During Q1 FY24-25, Patanjali Foods achieved export sales of Rs. 53.33 crore, while its products are now introduced on e-commerce platforms in global markets.
Shareholding Pattern:
As per the shareholding pattern of June 2024, the Promoters hold a 72.81 percent stake in the company, Foreign Institutional Investors (FII) hold a 10.3 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 13.86 percent and 3.04 percent stake in Patanjali Foods, respectively.
Stock performance:
The stock has delivered positive returns of nearly 24.4 percent in one year, as well as around 3.8 percent returns in the last six months. So far in 2024, the shares of Patanjali Foods have given about 2.3 percent of positive returns.
About the company:
Patanjali Foods Limited, formerly known as Ruchi Soya Industries Limited, is engaged primarily in the business of processing of oil-seeds, refining of crude oil for edible use, production of oil meal, food products from soya and value-added products from downstream and upstream processing.
The company is also engaged in the Fast-Moving Consumer Goods (FMCG) and Fast-Moving Health Goods (FMHG) businesses comprising mainly food, biscuits and nutraceutical products.
Further, Patanjali Foods is also engaged in the generation of power from wind energy and trading in various products.
Written by Shivani Singh
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