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.
“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.
In terms of sectors, Media, Realty, PSE, Energy and Auto gained the most.
On BSE, the scrip plunged 5.05 per cent or Rs 3.20 to Rs 60. The scrip touched day’s low at Rs 59.80 and high at Rs 63.85.
Its gross revenue also declined by 30.9 per cent to Rs 16,917 crore as compared to Rs 24,493 crore in the previous fiscal year.
In a BSE filing the company said that the income stood at Rs 50.70 crore in the second quarter of this fiscal.
The revenue from operations plunged 73.86 per cent to Rs 1,424.21 crore during the quarter compared to Rs 5,449.06 crore in the corresponding quarter last year.
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.
Company’s turnover slipped 23.7 per cent to Rs 14,104.80 crore largely due to lower gas prices during the quarter.
In value terms, gross NPAs or bad loans stood at Rs 56,231.76 crore as against Rs 61,475.60 crore earlier.
Adani reported a consolidated net loss of Rs 10.06 crore during the same period last financial year (FY20).
