Net profit of Prabhat Dairy declined 11.99% to Rs 15.49 crore in the quarter ended March 2019 as against Rs 17.60 crore during the previous quarter ended March 2018. Sales rose 2804.14% to Rs 161.47 crore in the quarter ended March 2019 as against Rs 5.56 crore during the previous quarter ended March 2018.

For the full year,net profit rose 6.94% to Rs 50.55 crore in the year ended March 2019 as against Rs 47.27 crore during the previous year ended March 2018. Sales rose 766.50% to Rs 238.72 crore in the year ended March 2019 as against Rs 27.55 crore during the previous year ended March 2018.

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Prabhat Dairy will hold a meeting of the Board of Directors of the Company on 30 May 2019.

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Prabhat Dairy announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 29 May 2019 .

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The announcement was made after market hours yesterday, 11 April 2019.

Meanwhile, the S&P BSE Sensex was up 22.34 points, or 0.06% to 38,629.35.

On the BSE, 16,000 shares were traded in the counter so far compared with average daily volumes of 18,000 shares in the past two weeks. The stock had hit a low of Rs 79.75 in intraday trade. The stock hit a 52-week high of Rs 190 on 18 April 2018. The stock hit a 52-week low of Rs 47.15 on 6 February 2019.

Prabhat Dairy said sale of its shareholding in its wholly-owned step down subsidiary, Sunfresh Agro Industries (SAIPL), to Tirumala Milk Products and the sale and transfer of company's dairy products business by way of slump sale on a going concern basis to SAIPL post completion of transfer of SAIPL shares is successfully completed and closed on 10 April 2019.

On a consolidated basis, Prabhat Dairy's net profit declined 32.43% to Rs 9.98 crore on 14.64% rise in net sales to Rs 463.03 crore in Q3 December 2018 over Q3 December 2017.

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