The shares of Piccadily Agro Industries shares dropped 5 percent to get locked in the lower circuit at Rs 784.35 apiece on February 5. This comes after the maker of Indri single-malt whiskey reported a 45 percent year-on-year drop in net profit for the quarter which ended on December 31.
Piccadily Agro Industries announced its results of the October-December quarter on February 5. The company reported a net profit of Rs 24.49 crore for the reported quarter, a fall of nearly 45 percent from the Rs 44.89 crore net profit reported in Q3 of the previous financial year.
The company's revenue from operations, however, rose 7 percent year-on-year to Rs 205.72 crore in Q3 of the current financial year, from Rs 191.91 crore reported in Q3 of FY24.
Piccadilly Agro's total income stood at Rs 208.32 crore in Q3 of FY25. This is nearly 8 percent higher than the Rs 191.99 crore total income reported in the year-ago period. Its total expenses meanwhile rose nearly 5 percent year-on-year to Rs 172.16 crore during the reported quarter.
Also read: Our LIVE blog on Q3 results
The company's earnings per share (EPS) fell to Rs 2.63 in Q3 FY25 from Rs 4.69 in Q3 FY24. Its distillery segment generated a revenue of Rs 183.91 crore in Q3 FY25, up from Rs 155.22 crore in Q3 FY24. However revenue generated from the sugar segment fell to Rs 21.8 crore in Q3 FY 25 from Rs 36.69 crore in Q3 FY24.
Piccadilly Agro Industries was incorporated in 1994. The company's main business is in the sugar and distillery segments. It sells sugar, molasses, power and bagasse in the former and liquor, malt, carbon dioxide gas and ethanol in the latter segment.
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