07 November 2023, Mumbai
Net sales decreased by 8% to Rs. 328.3 Cr in Q2FY24, but profit before tax increased by 12% to Rs. 68.1 Cr.
Net profit after tax increased by 10% to Rs. 52.5 Cr in Q2 FY24.
EPS for Q2 FY24 is at Rs. 25.8, a growth of 11.2% over Q2 FY23.
Nuanced picture
Net sales decreased by 1% to Rs. 654.0 Cr in H1FY24, but profit before tax increased by 28% to Rs. 125.2 Cr.
Net profit after tax increased by 26% to Rs. 95.4 Cr in H1 FY24.
EPS for H1 FY24 is at Rs. 46.84, a growth of 27.1% over H1 FY23.
Management's Comments
H1 FY24 has shown a strong recovery in margins with PBT of 19%, which the company expects to maintain going forward.
The good performance improved product mix and growth in new products in the global aquaculture segment as well as improvement in domestic businesses compared to H1 last year.
