Hatsun Agro Products shines on registering two-fold jump in Q4 net profit

Hatsun Agro Products is currently trading at Rs. 76.20, up by 1.80 points or 2.42% from its previous closing of Rs. 74.40 on the BSE.

The scrip opened at Rs. 75.00 and has touched a high and low of Rs. 77.00 and Rs. 75.00 respectively.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 99.33 on 13-Feb-2012 and a 52 week low of Rs. 48.42 on 02-Sep-2011.

Last one week high and low of the scrip stood at Rs. 85.00 and Rs. 71.30 respectively. The current market cap of the company is Rs. 829.23 crore.

The promoters holding in the company stood at 69.40% while Non-Institutions held 30.60% stake in the company. 

Leading dairy firm, Hatsun Agro Products has registered over two-fold jump in its net profit at Rs 2.82 crore for the fourth quarter ended March 31 as against Rs 1.36 crore in the year-ago period.

The company’s total income from operations has surged by 28.77% at Rs 433.81 crore in the quarter under review against Rs 336.89 crore in the corresponding period of previous fiscal.

For the full year 2011-12 fiscal, the net profit increased to Rs 26.60 crore from Rs 18.74 crore in the previous fiscal while, the total income from operations rose to Rs 1,603.53 crore during last fiscal from Rs 1,355.73 crore in 2010-11.

The company has recommended a final dividend of Rs 0.20 per share (20%) on the face value of Re 1 per equity share.