BIKAJI shares jumped more than 3% in morning trade after the company reported a 13% year-on-year (YoY) increase in net profit at ₹69.2 crore for the second quarter that ended September 30, 2024.
According to a regulatory filing, Bikaji Foods International reported a net profit of ₹61.2 crore for the same quarter of the previous fiscal year. Operating revenue for the firm increased 15.8% to ₹704 crore from ₹608 crore during the same period of the previous fiscal year.
At the operating level, EBITDA increased by 3% to ₹89.6 crore in the second quarter of current fiscal year compared to ₹87 crore in the same time last fiscal year.
In the reporting quarter, the EBITDA margin was 12.7%, down from 14.3% in the same time last fiscal year. EBITDA is earnings before interest, tax, depreciation and amortisation.
As of 9:21 am, BIKAJI shares were trading 3.34% higher at Rs 862.70 on the NSE.
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