Patanjali Foods Ltd, which mainly produces edible oils, on Tuesday (May 14) reported a 21.8% year-on-year (y-o-y) decline in its net profit at ₹206.3 crore for the fourth quarter closed on March 31, 2024.
During the corresponding quarter, Patanjali Foods reported a net profit of ₹263.7 crore, the company said in a regulatory filing. The company’s operating revenue increased 4.4 per cent to ₹8,221.7 crore from ₹7,873 crore in the corresponding period of the previous fiscal.
At the operational level, EBITDA grew 18.7 per cent to ₹1,103 crore in the fourth quarter of this fiscal, compared to ₹928.8 crore in the year-ago period.
EBITDA margin stood at 13.4% in the reported quarter compared to 11.8% in the corresponding period of the previous financial year. EBITDA is earnings before interest, taxes, depreciation and amortization.
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The food and FMCG segment recorded its highest quarterly revenue of ₹2,704.61 crore in Q4FY24 compared to ₹2,498.62 crore in Q3FY24. financial year 24, representing growth of 8.24%. This segment accounted for 32.57% of the total operating revenue of the current quarter.
During the full year, the company earned a total revenue of ₹31,721.35 crore from its operations. Under this, sales from the food and FMCG segment accounted for ₹9,643.32 crore. The proportion of revenue contributed by food and FMCG to total operating revenue increased to 30.06% in FY24 from 19.49% in FY23.
In Q4FY24, export revenue stood at ₹57.33 crore. The company has added new markets to its export portfolio, now reaching 27 countries, including Australia and Singapore, among others. In FY24, export revenue stood at ₹323.42 crore. Revenue from wind power generation segment during Q4FY24 stood at ₹10.63 crore, while for the full financial year it was ₹54.56 crore .
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The results came after the close of market hours. Shares of Patanjali Foods Ltd ended at ₹1,334.45, up ₹3.25, or 0.24 per cent, on the BSE.
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