Also, EBITDA for the quarter is Rs 13.31 crore as against Rs 11.10 crore in Q1 FY24 – a year-on-year growth of 20 per cent.
Shares of Sarveshwar Foods are in focus today as the company has announced its quarterly results. As per the information shared with exchanges, Sarveshwar Foods’ PAT (profit after tax) jumped 6 per cent year-on-year as Q1 FY25 profit was Rs 3.09 crore compared to PAT of Rs 2.90 crore in Q1 FY24.
The revenue from operations of Sarveshwar Foods stood at Rs 233.05 crore in Q1 FY25. This was Rs 187.68 crore in Q1 FY24 – year-on-year growth of 24 per cent.
Moreover, the company has secured a significant export order valued at approx $6 million.
Also, EBITDA for the quarter is Rs 13.31 crore as against Rs 11.10 crore in Q1 FY24 – a year-on-year growth of 20 per cent.
Meanwhile, the company opened at Rs 9.15 on the BSE as against the previous closing of Rs 9.01. The counter surged further to touch the high of Rs 9.25. Last seen, the counter was trading at Rs 8.80 – down by 2.66 per cent from the previous close.
The 52-week high of the stock is Rs 15.73 and the 52-week low is Rs 3.86.
Earlier, the company’s net profit had risen 186.05 per cent to Rs 4.92 crore in the third quarter of FY2024 as against Rs 1.72 crore during the previous quarter ended December 2022. Meanwhile, FMCG company Sarveshwar Foods has announced that its board of directors has approved fundraising by issuing warrants on a preferential basis. The company has informed exchanges that its board has approved the allotment of 10,20,00,000 fully convertible warrants.
However, the sales in the June quarter fell by nearly 8 per cent to Rs 39.81 crore as against Rs 43.25 crore in the corresponding three-month quarter of FY2023. Earlier in March, the company had announced a split of equity shares.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)