Patanjali Foods doubles profit for Q2FY24 to Rs 255 crore
“I am optimistic about the upcoming festival seasons and increase in consumer spending to drive the growth in the coming quarter,” said Sanjeev Asthana, CEO, Patanjali Foods.
Its revenue rose by 6 per cent to Rs 11,590 crore in the second quarter as against Rs 10,935 crore in the same period last fiscal.
Auto major Mahindra & Mahindra’s (M&M) second quarter profit after tax (PAT) dropped by 88 per cent to Rs 162 crore as it was impacted by low sales during the period. The company had posted a PAT of Rs 1,355 crore during the July-September period last fiscal.
On the other hand, its revenue rose by 6 per cent to Rs 11,590 crore in the second quarter as against Rs 10,935 crore in the same period last fiscal.
The Mumbai-based firm said it sold 87,332 units in the second quarter, down 21 per cent from 1,10,824 units in the year-ago period.
Advertisement
Tractor sales, however, increased by 31 per cent to 89,597 units in the July-September period as compared to 68,359 units a year ago, it added.
M&M shares were trading 0.37 per cent up at Rs 618.60 apiece on the BSE.
Advertisement