Mishtann Foods Share Price

Agricultural Products company Mishtann Foods announced Q1FY25 results: Revenue from Operations: Rs 382.67 crore up by 30% YoY. EBITDA: Rs 72.69 crore remains unchanged YoY. PAT: Rs 71.30 crore up by 3% YoY. Commenting on the Q1FY25 Performance, Management added, “We are pleased to present our financial results for Q1FY25, reflecting a strong performance and strategic growth trajectory. Our revenue from operations grew by 30% year-over-year, reaching Rs 382.67 crore. EBITDA for the quarter was reported at Rs 72.69 crore, demonstrating our efficient operational management. Profit Before Tax (PBT) stood at Rs 71.98 crore, and Profit After Tax (PAT) was Rs 71.30 crore, marking a 3% year-over-year increase. This growth was primarily driven by robust demand and successful geographic expansion of our products including handsome contributions from wholly owned subsidiaries. These phenomenal results are a testament to our ability to consistently deliver value to our stakeholders and our commitment to driving sustainable growth. Moreover, we are striving to grow in the fields of grain-based ethanol and electric vehicle components which shows our continuous efforts at sustainability and our commitment towards the environment. This strategic move reflects our forward-looking approach, capitalizing on emerging opportunities in sustainable technologies and eco-friendly solutions. We are confident that these exceptional financial results and our expansion into sustainable sectors will further propel our company's growth and enhance our position as a leading player in the industry. Mishtann Foods Limited is strategically positioned to capitalize on the significant increase in India’s Basmati rice exports. Recent industry data indicates a 13% rise in exports during the first two months of the current fiscal year, driven by robust demand from traditional West Asian markets such as Saudi Arabia and Iraq. The management is closely monitoring the global industry trends. We express our gratitude to our dedicated employees, loyal customers, and supportive stakeholders for their unwavering trust and contribution to our success. Looking ahead, we remain committed to delivering on our promises, driving innovation, and creating long-term value for our shareholders and the community we serve.” Result PDF

• Trendlyne
• 1 year 10 months ago

Agricultural Products company Mishtann Foods announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from Operations grew by 99.88% from Rs 168.89 crore in Q4FY23 to Rs 337.57 crore in Q4FY24 primarily driven by handsome contribution from newly incorporated subsidiary and robust demand for various products in the domestic and international markets. EBITDA increased by 314.56% from Rs 23.35 crore in Q4FY23 to Rs 96.80 crore in Q4FY24 EBITDA margins increased from 13.82% in Q4FY23 to 28.67% in Q4FY24 by 1485 bps. PAT increased by 566.53 % from Rs 14.13 crore in Q4FY23 to Rs 94.18 crore in Q4FY24. PAT margins increased from 8.36% in Q4FY23 to 27.90% in Q4FY24 by 1954 bps. FY24 Financial Highlights: Revenue from operations recorded a stellar growth of 98.05% from Rs 650.38 crore in FY23 to Rs 1288.08 crore in FY24. The EBITDA increased by 334.72% from Rs 82.61 crore in FY23 to Rs 359.12 crore in FY24 EBITDA margin rose by 1518 bps from 12.70% in FY23 to 27.88% in FY24. PAT stood at Rs 346.02 crore in FY24 as compared to Rs 49.92 crore in FY23 witnessing a growth of 593.15% PAT margins rose by 1918 bps from 7.68% in FY23 to 26.86% in FY24. Commenting on the Q4 & FY24 Performance, the Management added, “We are extremely happy to announce outstanding financial performance for Q4 & FY24. We have been able to achieve remarkable growth across various key financial indicators, reflecting our strong market presence, operational excellence, and customer-centric approach. Our Revenue from Operations witnessed an impressive increase of 99.88%, reaching Rs 337.57 crore in Q4FY24 compared to Rs 168.89 crore in Q4FY23. This growth was primarily driven by robust demand and successful geographic expansion of our products including handsome contributions from wholly owned subsidiaries. We are also delighted to report a substantial surge in EBITDA by 314.56%, reaching Rs 96.80 crore in Q4FY24, and an exceptional improvement in EBITDA margins by 1485 basis points, which stood at 28.67% in Q4FY24. Our focus on optimizing costs and enhancing operational efficiency has played a vital role in achieving these remarkable milestones. Another significant achievement in Q4FY24 is the growth of our PAT, which stood at Rs 94.18 crore, representing a remarkable increase of 566.53% compared to the previous year. Also, PAT margins improved by 1954 basis points to 27.90%. This growth in profitability is a result of our relentless focus on driving revenue growth and enhancing operational effectiveness. In FY24, our revenue from operations grew by an impressive 98.05%, reaching Rs 1288.08 crore. This growth is a testament to the successful execution of our business strategies and the strength of our market presence. Our EBITDA increased by 334.72% to Rs 359.12 crore, highlighting our ability to improve operational efficiency and maximize profitability. We are proud to see our EBITDA margin rise by 1518 bps to 27.88%, indicating effective cost management and a favourable product mix. Our new measures increased our PAT in FY 24 by 593.15% to Rs 346.02 crore. Result PDF

• Trendlyne
• 2 years ago

• Moneycontrol
• 2 years 4 months ago