This fall Consequence: Bikaji Meals Worldwide has declared the outcomes of the fourth quarter led to March for the monetary 12 months 2023-24. On this fourth quarter enterprise, the corporate has made an incredible revenue of about Rs 116.28 crore. Final 12 months, nevertheless, the corporate had a revenue of about 200 % on an annual foundation. In keeping with the data given by the corporate to the inventory market, the revenue of the fourth quarter has elevated by about 153 % as in comparison with the revenue of Rs 45.99 crore within the quarter ended December 2023. Throughout this era, the corporate's income grew by 12.8 % to Rs 520.82 crore within the March quarter, as in opposition to Rs 461.69 crore in the identical interval final 12 months.
Income elevated by 12.8 % year-on-year
In keeping with the data given to the inventory market by Bikaji Meals Worldwide, the corporate's income from operations has elevated by about 12.8 % on an annual foundation. On the identical time, its income excluding PLI (manufacturing) elevated to Rs 5,208 million on an annual foundation with quantity progress. Other than this, its EBITDA grew 10 per cent to Rs 682 million with a margin of 13.1 per cent on an annual foundation. The corporate stated that the revenue after tax (PAT) elevated to Rs 466.5 million on an annual foundation and earnings per share to Rs 4.64.
How a lot income elevated within the fourth quarter
The corporate additional stated that its income from ethnic snacks enterprise grew by 10.8 % year-on-year within the fourth quarter, which is about 73.5 % of the overall income. The income from the packaged sweets enterprise grew by 12.7 % year-on-year, which is 8.2 % of the overall income. The corporate stated that the western snacks enterprise registered a 14.6 % enhance in income on an annual foundation, which is about 8.6 % of the overall income. On the identical time, the corporate's papad enterprise grew by 23.4 % year-on-year, which is about 8.6 % of the overall income.
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Bikaji Meals introduced dividend
The board of Bikaji Meals Worldwide has additionally permitted a remaining dividend of Rs 1 per fairness share. In keeping with the data given to the inventory market, the shares of Bikaji Meals have given a return of about 2 % within the final one month. This inventory has fallen by 2 % within the final 6 months. Within the final one 12 months, the inventory has given a return of about 40 %.
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