Patanjali Foods doubles profit for Q2FY24 to Rs 255 crore
“I am optimistic about the upcoming festival seasons and increase in consumer spending to drive the growth in the coming quarter,” said Sanjeev Asthana, CEO, Patanjali Foods.
“I am optimistic about the upcoming festival seasons and increase in consumer spending to drive the growth in the coming quarter,” said Sanjeev Asthana, CEO, Patanjali Foods.
In terms of sectors, Media, Realty, PSE, Energy and Auto gained the most.
On BSE, the scrip plunged 5.05 per cent or Rs 3.20 to Rs 60. The scrip touched day’s low at Rs 59.80 and high at Rs 63.85.
Its gross revenue also declined by 30.9 per cent to Rs 16,917 crore as compared to Rs 24,493 crore in the previous fiscal year.
In a BSE filing the company said that the income stood at Rs 50.70 crore in the second quarter of this fiscal.
The core net interest income (NII) moved up 16 per cent to Rs 9,366 crore despite a 0.10 per cent.
On consolidated basis, the bank's net profit was up over four-times at Rs 4,882 crore in Q2 FY21 against Rs 1,131 crore in Q2 FY20.
The firm's twin refineries earned USD 5.7 per barrel on turning every barrel of crude oil into fuel, as compared to a gross refining margin (GRM) of USD 9.4 per barrel last year.
The lender said that its business was highly impacted in the first quarter due to the lockdown since March 24, 2020 to mitigate the spread of the Covid-19 pandemic.
For Jio Platforms, the net profit increased 20 per cent quarter-on-quarter to Rs 3,020 crore in Q2FY21, from Rs 2,520 crore in the Q1FY21.
