Shares of Hatsun Agro, which announced stellar Q1FY16 results last evening, are buzzing this Thursday, up almost 11% at Rs. 432 a piece, having now retreaded from a new 52 week high price of Rs. 369.70, made within minutes of opening today. Volumes on both the exchanges are four-to-five times the daily average.

Dairy maker Hatsun Agro reported Q1 revenue of Rs. 867 crore, up 13% QoQ and 23% YoY, with operating profits increasing 76% QoQ to Rs. 53 crore. Net profit jumped three-fold to Rs. 28.7 crore, from Rs. 8.7 crore reported in Q4FY15 and Rs. 7.3 crore in Q1FY15. Thus EPS for first quarter alone stands at Rs. 2.64, versus Rs.3.62 for FY15.

In addition to the encouraging financial performance, company has announced an interim dividend of Rs. 1.50 per share for FY16, which in only an icing on the cake! In relation to FY15’s total dividend of Rs. 1.80 per share (via 2 interim dividends of 60 paise and Rs. 1.20), current dividend of Rs. 1.50 per share is a huge positive, and only indicates the company’s confidence in things to come. With market cap of Rs. 4,750 crore, company has net debt of Rs. 450 crore, as of 31-3-15, on networth of Rs. 221 crore.