2024-10-25 10:08:02 :
Patanjali Foods second quarter results live broadcast: Patanjali Foods announced its second quarter results for fiscal year 2024 on October 24, 2024. The company’s revenue grew a strong 4.25% year-over-year (YoY), while profits jumped an impressive 21.23% YoY.
Compared with the previous quarter, Patanjali Foods has experienced significant growth, with revenue increasing by 13.68% and profit increasing by 17.45%. This upward trend indicates strong recovery and operational efficiency.
However, the company’s selling, general and administrative (SG&A) expenses increased significantly, increasing by 10.94% month-on-month and an astonishing 43.59% year-on-year. The surge in expenses raises questions about future cost management strategies.
Patanjali Foods’ operating income increased by 12.63% month-on-month and 17.15% year-on-year, showing that it can still enhance profitability despite rising costs. Second quarter earnings per share (EPS) were $8.53, a year-on-year increase of 21.34%.
In terms of market performance, Patanjali Foods returned 2.18% last week, 16.99% over the past six months, and an impressive year-to-date (YTD) return of 12.99%. The company’s current market capitalization is $Rs 64,420.61 Crore, a new 52-week high $1,992.2 The lowest price is $1,169.95.
Analysts are optimistic about the future of Patanjali Foods, as evidenced by the unanimous recommendation of a Strong Buy rating on the company from all two analysts covering the company as of October 25, 2024. This positive outlook reflects confidence in the company’s growth trajectory.
Patanjali Food Finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 8154.19 | 7173.06 | +13.68% | 7821.89 | +4.25% |
| Total Selling/General/Administrative Expenses | 130.11 | 117.28 | +10.94% | 90.61 | +43.59% |
| Depreciation/Amortization | 56.45 | 56.96 | -0.89% | 60.1 | -6.07% |
| total operating expenses | 7761.51 | 6824.42 | +13.73% | 7486.69 | +3.67% |
| operating income | 392.68 | 348.64 | +12.63% | 335.19 | +17.15% |
| net income before tax | 416.89 | 358.98 | +16.13% | 335.08 | +24.42% |
| net income | 308.58 | 262.72 | +17.45% | 254.54 | +21.23% |
| Diluted normalized earnings per share | 8.53 | 7.26 | +17.49% | 7.03 | +21.34% |
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