Q1FY25 Quarterly Result Announced for Mishtann Foods Ltd.
Agricultural Products company Mishtann Foods announced Q1FY25 results: Revenue from Operations: Rs 382.67 crore up by 30% YoY. EBITDA: Rs 72.69 crore remains unchanged YoY. PAT: Rs 71.30 crore up by 3% YoY. Commenting on the Q1FY25 Performance, Management added, “We are pleased to present our financial results for Q1FY25, reflecting a strong performance and strategic growth trajectory. Our revenue from operations grew by 30% year-over-year, reaching Rs 382.67 crore. EBITDA for the quarter was reported at Rs 72.69 crore, demonstrating our efficient operational management. Profit Before Tax (PBT) stood at Rs 71.98 crore, and Profit After Tax (PAT) was Rs 71.30 crore, marking a 3% year-over-year increase. This growth was primarily driven by robust demand and successful geographic expansion of our products including handsome contributions from wholly owned subsidiaries. These phenomenal results are a testament to our ability to consistently deliver value to our stakeholders and our commitment to driving sustainable growth. Moreover, we are striving to grow in the fields of grain-based ethanol and electric vehicle components which shows our continuous efforts at sustainability and our commitment towards the environment. This strategic move reflects our forward-looking approach, capitalizing on emerging opportunities in sustainable technologies and eco-friendly solutions. We are confident that these exceptional financial results and our expansion into sustainable sectors will further propel our company's growth and enhance our position as a leading player in the industry. Mishtann Foods Limited is strategically positioned to capitalize on the significant increase in India’s Basmati rice exports. Recent industry data indicates a 13% rise in exports during the first two months of the current fiscal year, driven by robust demand from traditional West Asian markets such as Saudi Arabia and Iraq. The management is closely monitoring the global industry trends. We express our gratitude to our dedicated employees, loyal customers, and supportive stakeholders for their unwavering trust and contribution to our success. Looking ahead, we remain committed to delivering on our promises, driving innovation, and creating long-term value for our shareholders and the community we serve.” Result PDF15-07-2024