Dodla Dairy on July 22 reported a strong growth in the firm’s first quarter results, driving the stock price of the company to 52-week high during the morning trade.
The Hyderabad-based dairy company’s net profit jumped 86.24 percent to Rs 65 crore in the three-month period ended June 30, compared to Rs 34.98 crore reported in the same period of the previous financial year, the company said in an exchange filing.
The company had reported a net profit of Rs 46.8 crore in the March quarter, the filing showed.
The shares of the company were trading at Rs 1,271.25, higher by 9.52 percent on NSE at 11:35 am. The stock had opened at Rs 1,169.7 and touched its 52-week high of Rs 1,346.1 before paring some gains on the stock exchange.
The revenue from operations jumped 10.7 percent to Rs 911.6 crore in the reported quarter over Rs 823.4 crore in the same period of the previous financial year, according to the company statement.
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