Hatsun Agro Sees 17% Profit Drop in Q2

5 Nov 2024 , 09:32 PM

Hatsun Agro Products Ltd shares dropped nearly 4% on Monday, November 4, following a significant decline in Q2 FY25 net profit.

At the time of closing on November 5, 2024 shares of Hatsun Agro Products Ltd closed at ₹1149 which is a 7.66% gain than the previous close. Hatsun Agro Products Ltd stock has gained a total of 3.02% in the last one year, and 0.40% gain since the beginning of the year.

The company’s Q2 net profit fell 17% YoY to ₹64.32 Crore, down from ₹77.57 Crore in the same quarter last year. Quarter-over-quarter, PAT (profit after tax) plunged 50% from ₹130.54 Crore in Q1 FY25.

However, for the first half of FY25, Hatsun Agro saw a 23% increase in PAT, reaching ₹194.8 Crore compared to ₹157.73 Crore in the previous fiscal’s H1. 

Revenue from operations in Q2 FY25 rose 8% YoY to ₹2,072.1 Crore from ₹1,905.4 Crore in Q2 FY24, but declined 12% sequentially from ₹2,375.08 Crore in Q1 FY25. For H1 FY25, operational revenue grew 9% YoY to ₹4,447.16 Crore compared to ₹4,056.04 Crore in H1 FY24.

Headquartered in Chennai, Tamil Nadu, Hatsun Agro specializes in dairy, offering products like milk, curd, butter, ghee, cheese, and Arun Ice Cream.