Hatsun Agro skyrockets 18% on solid all-round show in Q1

ith the sharp gains in today's session, the stock is up over 17 percent this month.

Shares of Hatsun Agro Products soared 18 percent to hit their highest level in 52 weeks on July 16, a day after the dairy company posted quarterly numbers that were strong on all key parameters.

At 09.27 am, shares of Hatsun Agro Products were trading 1,272.45 on the NSE, sharply off its 52-week high of Rs 1,400, touched earlier in the session. With the sharp gains in today's session, the stock is up over 17 percent this month.

The strong quarterly numbers also triggered a spike in volumes in the counter as three lakh shares changed hands on the exchanges, manifold the one-month daily traded average of 45,000 shares.

The company's  net profit for the April-June quarter soared 62.9 percent year-on-year to Rs 130.5 crore, up from Rs 80.10 crore recorded in the same period last fiscal.

Hatsun's revenue also jumped over 10 percent on year to Rs 2,375 crore in Q1 of FY25 as compared to Rs 2,150.60 crore in the base period. The strong demand for ice creams and other dairy products during the peak summer months strongly aided an all-round growth for Hatsun Agro Products in the June quarter.

Hatsun Agro's operational performance also significantly improved in the first quarter of the current fiscal. Its EBITDA margin expanded to 13.90 percent in the quarter under review, as against 11.0 percent in the same period last year.

In addition, the company also rolled out an interim dividend of Rs 6 per share, with its record date fixed on July 24.