Hindustan Foods Limited reported strong financial performance for Q3 FY25, with a 30.2% year-on-year (YoY) rise in net profit and a 20.6% YoY increase in revenue. The company’s Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024.
Financial Performance Highlights
Consolidated Results
- Revenue from operations: ₹879.73 crore (up 20.6% YoY)
- Net profit: ₹28.7 crore (up 30.2% YoY)
- Total expenses: ₹846.46 crore (up from ₹701.3 crore YoY)
- Earnings per share (EPS): ₹2.44 (Basic & Diluted)
Standalone Results
- Revenue from operations: ₹711.80 crore (up 10.7% YoY)
- Net profit: ₹30.52 crore (up 35.2% YoY)
- Total expenses: ₹674.57 crore
- Earnings per share (EPS): ₹2.60
Key Corporate Developments
- Appointment of Secretarial Auditor:
- The Board approved the appointment of Mr. Pankaj S. Desai as the Secretarial Auditor for a term of five consecutive years (FY26-FY30).
- Expansion and Acquisitions:
- KNS Shoetech Private Limited, a wholly-owned subsidiary, executed a Business Transfer Agreement (BTA) with SSIPL Retail Limited for the acquisition of three manufacturing units in Himachal Pradesh and Haryana for ₹70.98 crore.
- HFL Multiproducts Private Limited, another wholly-owned subsidiary, signed a BTA with MMG Enterprises to acquire a manufacturing facility in Khorda, Odisha.
- Equity and Fundraising Activities:
- Conversion of Warrants into Equity Shares: The company received ₹75% of the balance amount for the conversion of 29,29,060 warrants into equity shares at a premium of ₹544.25 per share.
- Issuance of Preference Shares & Debentures: KNS Shoetech allotted 9,33,100 Compulsorily Convertible Preference Shares (CCPS) and 19,15,640 Compulsorily Convertible Debentures (CCDs) at an issue price of ₹50 each.
With strong revenue growth, strategic acquisitions, and an expanding manufacturing footprint, Hindustan Foods is well-positioned for continued growth in the contract manufacturing sector. The management remains optimistic about sustained demand and operational efficiencies driving future earnings.
