Mishtann Foods Ltd - 539594 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication of Audited Standalone and Consolidated Financial Results for the quarter and Year ended March 31, 202417-05-2024
17-05-2024
Q4FY24 Quarterly & FY24 Annual Result Announced for Mishtann Foods Ltd.
Agricultural Products company Mishtann Foods announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from Operations grew by 99.88% from Rs 168.89 crore in Q4FY23 to Rs 337.57 crore in Q4FY24 primarily driven by handsome contribution from newly incorporated subsidiary and robust demand for various products in the domestic and international markets. EBITDA increased by 314.56% from Rs 23.35 crore in Q4FY23 to Rs 96.80 crore in Q4FY24 EBITDA margins increased from 13.82% in Q4FY23 to 28.67% in Q4FY24 by 1485 bps. PAT increased by 566.53 % from Rs 14.13 crore in Q4FY23 to Rs 94.18 crore in Q4FY24. PAT margins increased from 8.36% in Q4FY23 to 27.90% in Q4FY24 by 1954 bps. FY24 Financial Highlights: Revenue from operations recorded a stellar growth of 98.05% from Rs 650.38 crore in FY23 to Rs 1288.08 crore in FY24. The EBITDA increased by 334.72% from Rs 82.61 crore in FY23 to Rs 359.12 crore in FY24 EBITDA margin rose by 1518 bps from 12.70% in FY23 to 27.88% in FY24. PAT stood at Rs 346.02 crore in FY24 as compared to Rs 49.92 crore in FY23 witnessing a growth of 593.15% PAT margins rose by 1918 bps from 7.68% in FY23 to 26.86% in FY24. Commenting on the Q4 & FY24 Performance, the Management added, “We are extremely happy to announce outstanding financial performance for Q4 & FY24. We have been able to achieve remarkable growth across various key financial indicators, reflecting our strong market presence, operational excellence, and customer-centric approach. Our Revenue from Operations witnessed an impressive increase of 99.88%, reaching Rs 337.57 crore in Q4FY24 compared to Rs 168.89 crore in Q4FY23. This growth was primarily driven by robust demand and successful geographic expansion of our products including handsome contributions from wholly owned subsidiaries. We are also delighted to report a substantial surge in EBITDA by 314.56%, reaching Rs 96.80 crore in Q4FY24, and an exceptional improvement in EBITDA margins by 1485 basis points, which stood at 28.67% in Q4FY24. Our focus on optimizing costs and enhancing operational efficiency has played a vital role in achieving these remarkable milestones. Another significant achievement in Q4FY24 is the growth of our PAT, which stood at Rs 94.18 crore, representing a remarkable increase of 566.53% compared to the previous year. Also, PAT margins improved by 1954 basis points to 27.90%. This growth in profitability is a result of our relentless focus on driving revenue growth and enhancing operational effectiveness. In FY24, our revenue from operations grew by an impressive 98.05%, reaching Rs 1288.08 crore. This growth is a testament to the successful execution of our business strategies and the strength of our market presence. Our EBITDA increased by 334.72% to Rs 359.12 crore, highlighting our ability to improve operational efficiency and maximize profitability. We are proud to see our EBITDA margin rise by 1518 bps to 27.88%, indicating effective cost management and a favourable product mix. Our new measures increased our PAT in FY 24 by 593.15% to Rs 346.02 crore. Result PDF17-05-2024
Mishtann Foods Ltd - 539594 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release for the audited financial results for quarter and year ended March 31,202417-05-2024
Mishtann Foods Ltd - 539594 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release for the audited financial results for quarter and year ended March 31,202417-05-2024
Mishtann Foods Ltd - 539594 - Announcement under Regulation 30 (LODR)-Resignation of Director
Resignation of Directors16-05-2024
Mishtann Foods Ltd - 539594 - Submission Of Statement Of Deviation Or Variation In The Use Of Proceeds Of Preferential Issues Under Regulation 32 Of SEBI (Listing Obligations And Disclosure Requirements) 'LODR' Regulations, 2015 For The Quarter Ended On 31St March, 2024
Submission of Statement of Deviation or Variation for the quarter ended 31st March, 202416-05-2024
Mishtann Foods Ltd - 539594 - Announcement under Regulation 30 (LODR)-Change in Directorate
Change in Board of Directors of the Company16-05-2024
Mishtann Foods Ltd - 539594 - Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended 31St March 2024
Audited Standalone and Consolidated Financial Results for the Quarter and Year ended 31st March, 202416-05-2024
Mishtann Foods Ltd - 539594 - Board Meeting Outcome for Outcome Of Board Meeting Dated 16Th May, 2024
Outcome of Board meeting dated 16th May, 202416-05-2024