Parag Milk Foods Q3 PAT rises by a whopping 69.5% yoy, revenue clocks double-digit growth too

7 Feb 2022 , 02:51 PM

Parag Milk Foods Limited reported revenue of Rs 538.71 crore for Q3 FY’22 against Rs 473.59 crore for Q3 FY’21, reflecting a growth of 13.8% YoY.

It reported an EBITDA of Rs 49.07 crores for the quarter ending December 2021, against Rs 35.15 crores for the quarter ending December 2020, reflecting a growth of 39.6% YoY. Its EBITDA margin stood at 9.1% for the December 2021 quarter against 7.4% for the same quarter last year.

Company’s PAT stood at Rs 19.02 crores for the quarter ending December 2021, against Rs 11.22 crore for the previous corresponding quarter, up by 69.5% YoY. Its margin settled at 3.5% against 2.4% in the previous corresponding quarter.

The companies’ revenue for the 9M period ending December 2021 stood at Rs 1,509.48 crores against Rs 1,407.42 crores for the same period last year, registering a growth of 7.3% YoY. While its PAT for the 9M period ended December 2021 stood at Rs 59.29 crore, as against Rs 30.35 crore for the 9M period ending December 2020, up by 95.4% YoY.

Its EBITDA for the 9M period ended December 2021 stood at Rs 147.01 crore against Rs 106.35 crore for the corresponding 9M period, reflecting a growth of 38.2% YoY.

Parag Milk Foods is currently trading at Rs114.60 down by Rs1.75 or 1.5% from its previous closing of Rs116.35. The scrip opened at Rs115 and has touched an intraday high and low of Rs119 and Rs114.10 respectively.