Patanjali Foods Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 14, 2024 at 09:14 am EDT
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Patanjali Foods Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 82,216.63 million compared to INR 78,729.24 million a year ago. Revenue was INR 83,480.29 million compared to INR 79,629.55 million a year ago. Net income was INR 2,063.19 million compared to INR 2,637.08 million a year ago. Basic earnings per share from continuing operations was INR 5.7 compared to INR 7.3 a year ago. Diluted earnings per share from continuing operations was INR 5.7 compared to INR 7.3 a year ago.
For the full year, sales was INR 317,213.55 million compared to INR 315,246.56 million a year ago. Revenue was INR 319,616.25 million compared to INR 318,214.55 million a year ago. Net income was INR 7,651.51 million compared to INR 8,864.41 million a year ago. Basic earnings per share from continuing operations was INR 21.14 compared to INR 24.54 a year ago. Diluted earnings per share from continuing operations was INR 21.14 compared to INR 24.54 a year ago.
Patanjali Foods Limited is an India-based company, which is engaged in edible oil business oil palm plantation company. The Companyâs segments include Edible oils, Food & FNCG, and Wind Turbine Power Generation. The Edible oils segment includes crude oils, refined oils, vanaspati, bakery fats, seed extractions and other. The Food & FMCG segment includes various types of food products, nutraceuticals, biscuits, noodles, breakfast, cereals, textured soya protein, and other related products. The Wind Turbine Power Generation segment is engaged in electricity generation from windmills. The Companyâs product categories include Biscuit Division Ruchi Sunlight Oil, Mahakosh Oil, Sunrich Oil, Ruchi Gold Oil, Nutrela Oil, Nutrela Soya Foods, Nutrela New Products, Ruchi Star Soyabean Oil, Vanaspati, Bakery Fats, and Nutraceutical Division. It owns 22 manufacturing units that cumulatively translate to a refining capacity of over 11000 tons per day, seed crushing capacity of 11000 tons per day.