Hatsun Agro Products PAT boosted by 4 folds in Q1FY16 on YoY basis
Hatsun Agro Products (HAPL) declared their June quarter result. The company's net sales boosted by 23.3 per cent to Rs 867 crore in Q1FY16 compared to the same period in the previous financial year. Its total expenditure increased by 18.29 per cent to Rs 788 crore in Q1FY16 on yearly basis. HAPL's total expenditure increased mainly due to a 27.06 per cent increment in raw material prices, a 27.03 per cent increment in other expenses, a 22.97 per cent increment in employee cost during June quarter.
HAPL's EBITDA boosted by 113.98 per cent from Rs 36.85 crore in Q1FY15 to 78.85 crore in Q1FY16 due to the company's operational efficiency. EBITDA margin of the company expanded by 385 basis points to 9.09 per cent on yearly basis. Its EBIT too rose by 201.36 per cent to Rs 53 crore in Q1FY16 on yearly basis though its depreciation expenses increased by 33.99 per cent to Rs 25.78 crore during the quarter. HAPL's PAT also increased by 291.27 per cent to Rs 28.68 crore in Q1FY16 compared to same period in previous fiscal year. The PAT margin of the company expanded by 227 basis points to 3.31 per cent in Q1FY16 on yearly basis.
HAPL shareholding pattern indicates that FII holding expanded by 23 basis points to 3.04 per cent in Q1FY16. The company's board declared the interim dividend of Rs 1.5 per share on the face value of Rs 1 per share. The share price of the company boosted by 19.71 per cent and trading at Rs 446.75 on intraday basis.
HAPL manufactures and sale milk, milk products and icecream. The company exports its dairy products to about 38 countries in America, Middle East and Southeast Asian Markets. Its products includes Dairy Whitener, Skimmed Milk Powder, Agmark Certified Ghee, Butter, Cooking Butter, Milk, Varieties of Curd, Paneer and Buttermilk through the Brand Hatsun Milk & Milk Products. HAPL also has brands Arun Icecreams and Arokya Milk. The company collects milk from fine quality cows chosen from 8500 villages from over 3 lakh farmers. It holds various Quality Standard Certifications including the prestigious ISO 9001 & ISO 22000.