Small-cap stock, engaged in the business of processing and marketing rice in the domestic and international markets hit the upper circuit of 10 percent following a 68 percent year-on-year growth in net profit for Q2 FY25.
Share price variations:
With a market capitalization of Rs. 1,015.03 crores, Sarveshwar Foods Ltd. hit a 10 percent upper circuit at Rs. 10.78 from its previous closing price of Rs. 9.81 per share.
Reason for the Rise:
According to exchange filings, Sarveshwar Foods Ltd reported a 68.02 percent year-on-year increase in net profit to Rs 8.14 crore, in Q2FY25 from Rs 4.83 crore in Q2FY24. On a quarter-on-quarter basis, net profit surged by 163.76 percent, rising from Rs. 3.08 crore in Q1 FY25.
Revenue from operations grew by 32.20 percent year-on-year to Rs. 271.3 crore, compared to Rs. 205.21 crore in the same period last year. Sequentially, revenue increased by 16.41 percent from Rs. 233.05 crore in Q1 FY25.
For the first half of FY25, revenue rose by 28.37 percent to Rs. 504.36 crores, up from Rs. 392.89 crores in H1 FY24, while net profit showed an increase of 45.19 percent, reaching Rs. 11.23 crores compared to Rs. 7.73 crores in the previous year.
About the company:
Incorporated in 2004, Sarveshwar Foods Ltd is primarily involved in the processing and marketing of both branded and unbranded basmati and non-basmati rice. The company operates a rice processing and packaging facility with a capacity of 350 MTPD in Jammu and has a warehousing capacity of 300,000 sq. ft. Sarveshwar markets its rice products under the brand “Sarveshwar,” while its organic products are sold under the “Nimbark” brand.
The company has an extensive procurement network, sourcing from local and pan-India farmers. It exports its products to over 25 countries and has a strong pan-India presence, supported by 75+ distributors and 45,000 retailers. Its products are also available in Walmart stores.
Written By Joseph Pv
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