Shares of Hatsun Agro Products Ltd fell by nearly 5% on January 17, trading at ₹991.70, following the announcement of its Q3 FY25 financial results. The dairy and dairy products manufacturer reported a subdued performance with a decline in net profit and operational margins, which weighed on investor sentiment.
Key Financial Highlights:
- Net Profit: The company reported a 28.6% year-on-year (YoY) decline in net profit to ₹41 crore for the quarter ended December 31, 2024, compared to ₹57.4 crore in the same period last fiscal.
- Revenue from Operations: Revenue grew 6.5% YoY to ₹2,009.8 crore, compared to ₹1,886.5 crore in the corresponding quarter of the previous fiscal.
- EBITDA: At the operating level, EBITDA rose marginally by 0.8% to ₹214.3 crore, compared to ₹212.7 crore in Q3 FY24.
- EBITDA Margin: The margin stood at 10.7%, down from 11.3% in the same period last year, reflecting increased operational costs.
Investment in Solar Energy:
Hatsun Agro Products has approved an investment in FP Solar Shakti Private Limited to facilitate solar energy consumption for its Andhra Pradesh plant. This move aligns with the company’s sustainability goals and aims to optimize energy costs.
Stock Performance:
The shares of Hatsun Agro have been under pressure following the earnings release. The stock dropped 4.62% in early trade, with a market capitalization of ₹223.71 billion. The company’s year range for stock price is ₹930.65 to ₹1,400, with a current P/E ratio of 72.26.
