Hatsun Agro Product has completed the acquisition of a Cattle Feed unit located at Chandolewadi, Tai Sangola, Dist. Solapur, Maharashtra having a production capacityof 100 Tonnes per day on an outright asset purchase basis for consideration of Rs 10 crore.

This acquisition will result in increase in themanufacturing capacity of cattle feed Santosafrom its present 900 tonnes per day to 1000tonnes per day.

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Net profit of Hatsun Agro Product rose 714.52% to Rs 20.20 crore in the quarter ended March 2019 as against Rs 2.48 crore during the previous quarter ended March 2018. Sales rose 12.50% to Rs 1183.04 crore in the quarter ended March 2019 as against Rs 1051.58 crore during the previous quarter ended March 2018.

For the full year,net profit rose 26.43% to Rs 114.85 crore in the year ended March 2019 as against Rs 90.84 crore during the previous year ended March 2018. Sales rose 11.03% to Rs 4760.30 crore in the year ended March 2019 as against Rs 4287.37 crore during the previous year ended March 2018.

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Hatsun Agro Product announced that the Board of Directors of the Company at its meeting held on 02 May 2019, has recommended a Second Interim dividend of Rs.2 per share (i.e.200%), subject to the approval of the shareholders.

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Hatsun Agro Product will hold a meeting of the Board of Directors of the Company on 2 May 2019.

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