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Revenue from operations increased by 6.75% to Rs 2,150.63 in Q1 FY24 as compared with Rs 2,014.60 in Q1 FY23.
Profit before tax stood at Rs 109.06 crore in Q1 FY24, registering the growth of 54.3% as compared with Rs 70.68 crore in Q1 FY23.
Total expenses in Q1 FY24 were at Rs 2043.79 crore, up 4.85% YoY. Cost of raw materials consumed was at Rs 1,513.50 crore (up 11.66%) and employee expense was at Rs 58.83crore (down 2.21%) during the period under review.
Meanwhile, the board has approved to invest into the paid up equity share capital of FPEL Daylight and FP Alpha for the purpose of consuming the Wind and Solar Energies respectively under Group Captive Consumption facility for the company's Plants situate in the State of Tamilnadu.
Further, the board has declared interim dividend of Rs 6 per share for financial year 2023-2024. The record date for the same is fixed on Thursday, 27 July 2023. The dividend will be paid before 18 August 2023.
Hatsun Agro Product manufactures and markets dairy products like milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer, etc.
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