Fish protein supplier Mukka Proteins has bagged multiple orders from Avanti Feeds for the domestic market and Padma Feed for an international deal, sending shares higher by 6 percent on March 6.
At 10:30 am, the shares of Mukka Proteins Limited are trading at Rs 53 which marks a gain of 5.93 percent.
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Mukka Proteins announced the key supply orders in an expansion of its market footprint. The company will supply fish meal and fish oil to Avanti Feeds for an order value of approximately Rs 31.77 crore, while the international order from Padma Feed & Chicks is worth $2,20,000 (approximately Rs 1.91 crore).
The company's subsidiary, Mukka Proteins Vietnam has also placed an order for fish meal, valued at around $10,00,000 (approximately Rs 8.7 crore). All of the aforementioned orders are expected to be executed on an immediate basis.
These wins further reinforce Mukka Proteins’ competitive position in the global marine protein segment, demonstrating its strong relationships with industry leaders and its ability to deliver high-quality, sustainable products across borders.
The total orderbook of the company stands at around Rs 200 crore as on date. In its Q3FY25 financial results, Mukka Proteins reported a revenue of Rs 308.95 crore, showing significant growth. The net profit surged by 151 percent year-on-year (YoY), reaching Rs 26.26 crore for the quarter, while profit margins climbed sharply to 8.5 percent, up from 2.0 percent YoY. Earnings Per Share (EPS) also saw healthy improvement, rising to Rs 0.88 from Rs 0.48 YoY, reflecting strong operational performance and efficient cost management.
Despite challenging global conditions, including a record-high Total Allowable Catch (TAC) limit in Peru that contributed to an oversupply of fishmeal and short-term price pressures, Mukka Proteins has maintained profitability by leveraging cost-efficient production and a well-diversified customer base across geographies.
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