Hatsun Agro looks creamy

In an otherwise lacklustre market, Hatsun Agro has been shinning bright; from its close of Rs.975.85, it opened higher today at Rs.1071.05 and rose to an intraday high at Rs.1094.90. Its 52-week high is at Rs.118.50.

The market is very happy withs performance for Q1FY24 wherein its net profit for the quarter rose 4% (YoY) to Rs.80 crore on a 7% rise in net revenue at Rs.2151 crore.

Its EBTDA was up 34% at Rs.237 crore and margins came in at 11%.

The company has also declared an interim dividend of Rs 6 per equity share on the fully paid-up equity shares of the value of Rs 1 per share, the first the company has declared in the financial year. The record date is fixed as July 27.