11-09-2022 02:44 PM | Source: Accord Fintech
Hindustan Foods soars on reporting 73% rise in Q2 consolidated net profit
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Hindustan Foods is currently trading at Rs. 497.70, up by 17.65 points or 3.68% from its previous closing of Rs. 480.05 on the BSE.

The scrip opened at Rs. 503.05 and has touched a high and low of Rs. 505.00 and Rs. 490.05 respectively. So far 9804 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 568.00 on 22-Jul-2022 and a 52 week low of Rs. 328.73 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 505.00 and Rs. 463.95 respectively. The current market cap of the company is Rs. 5594.29 crore.

The promoters holding in the company stood at 64.85%, while Institutions and Non-Institutions held 12.59% and 22.56% respectively.

Hindustan Foods reported results for second quarter ended September 30, 2022.

The company has reported rise of 38.97% in its net profit at Rs 16.94 crore for Q2FY23 as compared to Rs 12.19 crore for the corresponding quarter previous year. Total income of the company increased by 26.70% to Rs 598.47 crore for the quarter under review as compared to Rs 472.37 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported rise of 73.19% in its net profit at Rs 18.93 crore for the quarter under review as compared to Rs 10.93 crore for the same quarter in the previous year. Total income of the company increased by 40.65% to Rs 663.71 crore for the quarter under review as compared to Rs 471.88 crore for the same quarter in the previous year.