MoneyWorks4Me

Parag Milk Foods surges on reporting 21% rise in Q3 consolidated net profit

04 Feb 2019 Evaluate

Parag Milk Foods scrip is currently trading at Rs. 207.00, up by 2.50 points or 1.22% from its previous closing of Rs. 204.50 on the BSE.

The scrip opened at Rs. 214.00 and has touched a high and low of Rs. 214.00 and Rs. 203.55 respectively. So far 14627 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 414.95 on 17-May-2018 and a 52 week low of Rs. 202.50 on 01-Feb-2019.

Last one week high and low of the scrip stood at Rs. 221.85 and Rs. 202.50 respectively. The current market cap of the company is Rs. 1745.38 crore.

The promoters holding in the company stood at 45.96%, while Institutions and Non-Institutions held 25.59% and 28.45% respectively.

Parag Milk Foods has reported a rise of 27.74% in its net profit at Rs 30.58 crore for the quarter ended December 31, 2018 under review as compared to Rs 23.94 crore for the same quarter in the previous year. Total income of the company increased by 15.06% at Rs 588.02 crore for Q3FY19 as compared Rs 511.06 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 20.64% in its net profit at Rs 30.74 crore for the quarter under review as compared to Rs 25.48 crore for the same quarter in the previous year. Total income of the company increased by 15.24% at Rs 601.29 crore for Q3FY19 as compared Rs 521.77 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Nestle India 1372.00
Varun Beverages 416.00
Britannia Industries 4990.00
LT Foods 421.80
Hatsun Agro Product 1182.70
View more..