Patanjali Foods gains despite reporting 22% fall in Q4 net profit
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Patanjali Foods is currently trading at Rs. 1355.70, up by 21.25 points or 1.59% from its previous closing of Rs. 1334.45 on the BSE.
The scrip opened at Rs. 1330.15 and has touched a high and low of Rs. 1368.00 and Rs. 1330.15 respectively. So far 10327 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1741.00 on 16-Feb-2024 and a 52 week low of Rs. 910.00 on 18-May-2023.
Last one week high and low of the scrip stood at Rs. 1414.00 and Rs. 1317.10 respectively. The current market cap of the company is Rs. 49061.16 crore.
The promoters holding in the company stood at 73.77%, while Institutions and Non-Institutions held 13.15% and 13.07% respectively.
Patanjali Foods has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported 21.76% fall in its net profit at Rs 206.32 crore for the quarter under review as compared to Rs 263.71 crore for the same quarter in the previous year. However, total income of the company increased by 4.84 % at Rs 8,348.03 crore for Q4FY24 as compared Rs 7,962.95 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 13.68% fall in its net profit at Rs 765.15 crore as compared to Rs 886.44 crore for the previous year. However, total income of the company increased by 0.44% at Rs 31,961.63 crore for year under review as compared to Rs 31,821.45 crore for year ended March 31, 2023.
