Hatsun Agro Product shares: Hatsun Agro Products saw its shares surge by almost 14% to reach an intra-day peak, buoyed by robust earnings in Q4 FY24.
In Q4 FY24, the company witnessed a significant surge in net profit, reaching Rs 52.16 crore, compared to Rs 25 crore in Q4 FY23. Additionally, its revenue from operations for the same period experienced a growth of over 14%, reaching Rs 2,046.87 crore, compared to Rs 1,789.46 crore in the corresponding period last year. Moreover, the operating profit or EBITDA also demonstrated notable growth, increasing by nearly 47% in Q4 FY24 to Rs 231.77 crore, compared to Rs 156.16 crore reported a year ago in the same quarter. -Hatsun Agro Product shares
“The management of HAP stated that in the previous fiscal year, the company invested approximately Rs. 550 crores in new manufacturing facilities to expand capacity in Curd and Milk Products, as well as in market assets. These new capacities are expected to bolster our sales strategies for FY 2024-25,” remarked the company’s management.
Over the past five days, Hatsun Agro Products shares have surged by 14%. The returns throughout six months amount to 3%, while the stock has delivered a remarkable return of 36% in the past year and an impressive 119% over the last five years.
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In contrast with the benchmark index, the Nifty 50 has seen a 1% increase over the last five days and a growth of over 16% in the past six months. Over the last year, the index has surged by more than 26%, contributing to a wealth appreciation of 91% for investors over the past five years.
