Hatsun Agro Product Ltd Share Price – NSE  /  BSE

FMCG, Small Cap

Revenue from operations jumped 14.38% to Rs 2046.87 crore during the quarter as compared with Rs 1,789.46 crore posted in corresponding quarter last year.

In Q4 FY24, Profit before tax was Rs 70.89 crore as against Rs 32.88 crore in Q4 FY23 registered a growth of 115.59%.

EBITDA stood at Rs 231.77 crore in Q4 FY24, reporting the growth of 46.64% as compared with 158.05 crore in Q4 FY23.

On FY24 basis, the company’s consolidated net profit jumped 61.16% to Rs 267.28 crore on 10.26% increase in revenue from operations to Rs 7,990.40 crore in FY24 over FY23.

RG Chandramogan, chairman, Hatsun Agro Product said; “We are happy to report good growth in procurement of milk and revenues both in Q4 and for the full FY 2023-24. Strong sales recovery in the domestic market post Covid with good summer sales led to good sales volume.

All our business verticals did well with our leading brands registering healthy sales growth. HAP’s retail expansion in the last two years helped us reach customers in new markets like Maharashtra, Orissa, West Bengal and Madhya Pradesh and also supported existing strong bases in South India.

The company in the last financial year, had invested about Rs 550 crore across new manufacturing facilities for capacity expansion in Curd and Milk Products and in market assets. The new capacities will further support our sales plans for FY 2024-25. Considerable investments have also been made to strengthen distribution, sales and marketing of our brands.”

Hatsun Agro Product manufactures and markets dairy products like milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer, etc.

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Tata Teleservices (Maharashtra) Ltd, Tejas Networks Ltd, ITI Ltd, Mahindra & Mahindra Financial Services Ltd are among the other stocks to see a surge in volumes on BSE today, 23 April 2024.

Hatsun Agro Product Ltd clocked volume of 35144 shares by 10:46 IST on BSE, a 25.84 times surge over two-week average daily volume of 1360 shares. The stock gained 10.42% to Rs.1,130.35. Volumes stood at 4329 shares in the last session.

Tata Teleservices (Maharashtra) Ltd registered volume of 33.7 lakh shares by 10:46 IST on BSE, a 8.97 fold spurt over two-week average daily volume of 3.76 lakh shares. The stock rose 12.36% to Rs.87.37. Volumes stood at 6.58 lakh shares in the last session.

Tejas Networks Ltd registered volume of 5.36 lakh shares by 10:46 IST on BSE, a 8.52 fold spurt over two-week average daily volume of 62930 shares. The stock rose 17.40% to Rs.1,063.35. Volumes stood at 2.49 lakh shares in the last session.

ITI Ltd registered volume of 11.61 lakh shares by 10:46 IST on BSE, a 5.97 fold spurt over two-week average daily volume of 1.95 lakh shares. The stock rose 8.91% to Rs.304.50. Volumes stood at 8.69 lakh shares in the last session.

Mahindra & Mahindra Financial Services Ltd clocked volume of 7.18 lakh shares by 10:46 IST on BSE, a 5.12 times surge over two-week average daily volume of 1.40 lakh shares. The stock lost 3.37% to Rs.269.45. Volumes stood at 1.45 lakh shares in the last session.

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Net profit of Hatsun Agro Product rose 108.72% to Rs 52.16 crore in the quarter ended March 2024 as against Rs 24.99 crore during the previous quarter ended March 2023. Sales rose 14.38% to Rs 2046.87 crore in the quarter ended March 2024 as against Rs 1789.46 crore during the previous quarter ended March 2023.

For the full year,net profit rose 61.15% to Rs 267.29 crore in the year ended March 2024 as against Rs 165.86 crore during the previous year ended March 2023. Sales rose 10.26% to Rs 7990.40 crore in the year ended March 2024 as against Rs 7246.97 crore during the previous year ended March 2023.

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Hatsun Agro Product has received reaffirmation in long term credit rating at CRISIL AA-; Stable.

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