Patanjali Foods Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 05:35 am EST
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Patanjali Foods Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 79,107.02 million compared to INR 79,266.4 million a year ago. Revenue was INR 79,573 million compared to INR 79,637.54 million a year ago. Net income was INR 2,165.42 million compared to INR 2,691.88 million a year ago. Basic earnings per share from continuing operations was INR 5.98 compared to INR 7.46 a year ago. Diluted earnings per share from continuing operations was INR 5.98 compared to INR 7.46 a year ago.
For the nine months, sales was INR 234,996.92 million compared to INR 236,517.32 million a year ago. Revenue was INR 236,135.96 million compared to INR 238,585 million a year ago. Net income was INR 5,588.32 million compared to INR 6,227.33 million a year ago. Basic earnings per share from continuing operations was INR 15.44 compared to INR 17.25 a year ago. Diluted earnings per share from continuing operations was INR 15.44 compared to INR 17.25 a year ago.
Patanjali Foods Limited is an India-based company, which is engaged in edible oil business oil palm plantation company. The Companyâs segments include Edible oils, Food & FNCG, and Wind Turbine Power Generation. The Edible oils segment includes crude oils, refined oils, vanaspati, bakery fats, seed extractions and other. The Food & FMCG segment includes various types of food products, nutraceuticals, biscuits, noodles, breakfast, cereals, textured soya protein, and other related products. The Wind Turbine Power Generation segment is engaged in electricity generation from windmills. The Companyâs product categories include Biscuit Division Ruchi Sunlight Oil, Mahakosh Oil, Sunrich Oil, Ruchi Gold Oil, Nutrela Oil, Nutrela Soya Foods, Nutrela New Products, Ruchi Star Soyabean Oil, Vanaspati, Bakery Fats, and Nutraceutical Division. It owns 22 manufacturing units that cumulatively translate to a refining capacity of over 11000 tons per day, seed crushing capacity of 11000 tons per day.