Shares of Hatsun Agro Products jumped nearly 14% to an intra-day high on strong Q4 FY24 earnings.
The company’s net profit jumped to Rs 52.16 crore in Q4 FY24, compared to Rs 25 crore in Q4 FY23. The company’s Q4 revenue from operations grew to Rs 2,046.87 crore, an increase of over 14%, compared to Rs 1,789.46 crore it reported in the same period last year. The operating profit or EBITDA saw a growth of nearly 47% in Q4 FY24 standing at Rs 231.77 crore Vs Rs 156.16 crore it reported a year ago in the same quarter.
“HAP in the last financial year, had invested about Rs.550 crores 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,” the company’s management stated.
In the last five days, shares of Hatsun Agro Products have zoomed 14%. The returns for 6 months stand at 3% and the stock has given a return of 36% in the last year and a whopping 119% in the past five years.
To compare the benchmark index, the Nifty 50 has risen 1% in the last five days and over 16% in the past six months. The index has risen more than 26% in the last year. It has increased investors’ wealth by 91% in the last five years.