Shares of Hatsun Agro Product Ltd. saw a remarkable rise of 10.87% on November 5, 2024, reflecting investor confidence and outperforming the FMCG sector by 10.7%. The stock surged due to the company’s solid market position and strong standalone quarterly results, showcasing robust sales growth despite a slight dip in profit.
Key Financial Highlights for September 2024 Quarter:
- Net Sales: Increased by 8.75% YoY to ₹2,072.10 crore, up from ₹1,905.40 crore in September 2023.
- Net Profit: Decreased by 17.09% YoY to ₹64.32 crore, down from ₹77.57 crore last year, due to rising costs impacting profitability.
- EBITDA: Increased by 6.37% YoY to ₹247.76 crore, up from ₹232.93 crore in September 2023, indicating steady operational performance.
- Earnings Per Share (EPS): Dropped to ₹2.89 from ₹3.48 in the previous year.
Stock Performance:
As of 9:48 am, the stock was trading 10.94% higher at ₹1,185.00 on the NSE. High volatility at 78.38% and a weighted average price above its moving averages signal positive investor sentiment toward future growth prospects for Hatsun Agro.
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