Shares of Hatsun Agro Product Ltd soared 16% and hit a 52-week high of Rs 1,4000 on 16 July after the company announced its quarterly earnings for April-June. 

In its quarterly earnings, the company reported a 62.9% year-on-year increase in net profit to Rs 130.5 crore during the quarter from Rs 80.1 crore reported in the same quarter of the previous fiscal year. 

The company’s revenue from operations during the quarter stood at Rs 2,375 crore, marking a 10.4% YoY increase from Rs 2,150.6 crore reported in the corresponding period of the previous fiscal year.

On the operational front, earnings before interest, tax, depreciation, and amortisation (EBITDA) grew by 39% YoY to Rs 330.3 crore, up from Rs 237.7 crore reported in the corresponding period last year. The EBITDA margins expanded by 280 basis points to 13.9% from 11.1% recorded during Q1FY24. 

The Board of Directors of the company also declared an interim dividend of Rs 6 per share for the fiscal year 2024-25, which will be paid on or before 14 August 2024.

The company is in the business of manufacturing, processing, and marketing of dairy products, which includes dairy whitener, milk, ice creams, skimmed milk powder, curd, paneer, and ghee. 

At 12:35 pm, the shares of Hatsun Agro Product were trading 6.21% higher at Rs 1,261 on NSE.

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