Bikaji | Business Upturn

Bikaji Foods shares fall over 11% as Q3 net profit down 27% YoY

Aditya Bhagchandani — Fri, 07 Feb 2025 03:57:05 +0000

Bikaji Foods International Ltd witnessed a sharp decline of over 11% in its share price today, trading at ₹650.70 after closing at ₹733.75 in the previous session. The dip came after the company reported its Q3 FY25 financial results, which failed to meet market expectations.

Key Financial Highlights for Q3 FY25:

Net Profit: ₹21.5 crore, down 27% YoY from ₹29.5 crore in Q3 FY24
Revenue from Operations: ₹546 crore, up 11.5% YoY compared to ₹490 crore
EBITDA: ₹50 crore, down 15% YoY from ₹59 crore
EBITDA Margin: 9.2%, compared to 12% YoY
Raw material costs: Increased significantly, impacting profitability

Operational Performance:

The company reported a moderate increase in sales, driven by its core snacks segment, but the sharp rise in input costs such as packaging materials and raw ingredients compressed margins.

Stock Performance Details:

Current share price: ₹650.70, down 11.32%
Previous close: ₹733.75
Day range: ₹649.00 – ₹687.85
Year range: ₹476.10 – ₹1,007.95
Market capitalization: ₹165.44 billion

Management Outlook:

The company acknowledged that higher input costs and inflationary pressures had a temporary impact on profitability. Management remains optimistic about recovery in Q4 with efforts to optimize costs and improved product mix.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.

BIKAJI shares jump 3% after net profit rises 13% in Q2 FY25

Aman Shukla — Fri, 25 Oct 2024 03:54:19 +0000

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.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Bikaji Foods Q2 FY2025 Results: Revenue surges 18.45% YoY ₹703.97 crore, Profit rises 14.62% YoY to ₹68.58 crore

Aditya Bhagchandani — Thu, 24 Oct 2024 12:30:11 +0000

Bikaji Foods International Limited has announced its financial results for the second quarter of the fiscal year 2025, showcasing a strong performance in both revenue and profitability.

Revenue from Operations: The company reported a revenue of ₹721.17 crore in Q2 FY25, compared to ₹572.16 crore in Q1 FY25, reflecting a quarter-on-quarter (QoQ) growth of 26.06%. On a year-on-year (YoY) basis, revenue grew from ₹608.69 crore in Q2 FY24, showing a YoY growth of 18.45%.
Profit After Tax (PAT): Bikaji posted a PAT of ₹68.58 crore in Q2 FY25, up from ₹59.78 crore in Q2 FY24, marking a YoY increase of 14.72%. Additionally, the PAT saw a QoQ increase of 18.12% compared to ₹58.06 crore in Q1 FY25.

The strong financial performance of Bikaji Foods for Q2 FY25 underscores the company’s growth trajectory and its ability to effectively manage operations in a competitive market. The company continues to benefit from its diversified product offerings and expanding consumer base.

Stocks to Watch on October 17 2024: L&T Tech, Bajaj Auto, CRISIL, RailTel, Bikaji, Reliance and more

Aditya Bhagchandani — Wed, 16 Oct 2024 18:02:00 +0000

At market close on October 16, 2024, the Sensex was down 318.76 points or 0.39%, closing at 81,501.36, while the Nifty fell 86 points or 0.34%, closing at 24,971.30.

On the Nifty, top losers included Trent, M&M, Hero MotoCorp, Infosys, and Adani Ports, while gainers were HDFC Life, Dr. Reddy’s Labs, Grasim Industries, Bharti Airtel, and HDFC Bank.

Among sectors, the oil & gas, realty, and telecom indices ended in the green, offering some support amidst the broader market decline.

The intense FII selling pressure throughout October has led to significant market corrections, with concerns about global economic conditions contributing to increased volatility. DIIs, however, continue to offer some stability with their consistent buying activity.

Here are some stocks to watch –

L&T Tech Q2 Results: Revenue up 8% YoY to Rs 2,573 crore, net profit at Rs 319.6 crore

Bajaj Auto Q2 FY25: Revenue up 22% YoY at ₹13,127 crore, Net Profit rises 9% YoY to ₹2,005 crore

CRISIL Reports 10.3% Revenue Growth to ₹811.8 Crore, Net Profit Rises to ₹171.55 Crore in Q3 CY24

Bikaji Foods to Invest ₹131.01 Crore for a 53.02% Stake in The Hazelnut Factory

Ultratech Cement commissions additional 1.2 mtpa grinding capacity in Tamil Nadu

BlackRock and Jio Financial in talks for 50-50 credit venture: Report

Rail Vikas Nigam Limited (RVNL) emerges as lowest bidder for ₹270 crore metro project in Maharashtra

RailTel Corporation bags order worth Rs 51 crore from Kavaratti Smart City

Reliance Industries announces bonus shares issue and increase in authorized share capital

Pondy Oxides and Chemicals Q2 Results: Revenues up 46%, PAT doubles YoY

EIH to invest over ₹7,582 crore in EIH London Investments

Ircon International and Patel Engineering sign MoU for strategic collaboration on Infrastructure projects

Bharti Airtel acquires 26% stake in AMP Energy C&I Thirty for INR 7.86 crore

Top volume-led gainers: Paytm, Bikaji, Prince Pipes, Suzlon, and more in focus (10 Sept, 2024)

News Desk — Tue, 10 Sep 2024 04:15:46 +0000

Several stocks experienced strong upward momentum in early trading, driven by high trading volumes and positive investor sentiment. Among the top gainers was Paytm (One 97 Communications Ltd), which surged by 6.95% to ₹671.30, gaining ₹43.65 as investors flocked to the stock. Bikaji Foods International Ltd followed closely, rising by 4.34% to ₹871.15, reflecting a strong performance in the FMCG sector.

Prince Pipes & Fittings Ltd saw a 3.73% jump to ₹567.00, gaining ₹20.40 as the market reacted positively to its recent developments. Suzlon Energy Ltd also benefited from increased market attention, rising by 3.38% to ₹76.85 after securing a major order, adding ₹2.51 to its value. Aether Industries Ltd joined the list, climbing 3.54% to ₹1,009.00, up by ₹34.50.

In the logistics sector, Allcargo Logistics Ltd gained 4.12% to ₹68.16, supported by strong trading volumes, while Prism Johnson Ltd advanced by 4.02% to ₹181.00, up ₹7.00. Inox Wind Ltd followed with a 3.93% rise to ₹243.25, adding ₹9.19.

In the pharmaceutical sector, Ajanta Pharma Ltd rose by 3.58% to ₹3,415.00, reflecting a ₹118.00 gain, while Glenmark Life Sciences Ltd increased by 3.74% to ₹1,250.00, up ₹45.05. Rounding out the top gainers, ZF Commercial Vehicle Control Systems India Ltd saw a rise of 3.40%, with its stock reaching ₹16,903.45, gaining ₹556.60.

These stocks led the early trading session, driven by high volume and strong market sentiment.

Data as on 9:37AM., 10 Sept, 2024