Hatsun Agro Product sparkles on Q3FY17 results

DSIJ Intelligence / 19 Jan 2017

Hatsun Agro Product sparkles on Q3FY17 results

Hatsun Agro Product declared its Q3FY17 results on Wednesday after market hours. The company’s revenue increased 13.94 per cent to Rs 947 crore in Q3FY17 as compared to the same period in the previous financial year.

Hatsun Agro Product declared its Q3FY17 results on Wednesday after market hours. The company’s revenue increased 13.94 per cent to Rs 947 crore in Q3FY17 as compared to the same period in the previous financial year. Its EBITDA too rose 24.33 per cent to Rs 87.85 crore in Q3FY17 on a yearly basis. Hatsun Agro Product’s EBITDA margin expanded 78 basis points to 9.28 per cent in Q3FY17 as compared to the same period in the previous fiscal. The company’s net profit soared 64.12 per cent to Rs 28.82 crore in Q3FY17 on a yearly basis.

On a nine-month financial basis, Hatsun Agro’ Product’s topline increased 16.89 per cent to Rs 2982 crore in 9MFY17 as compared to the same period in previous financial year. The company’s EBITDA too rose 14.16 per cent to Rs 262 crore in 9MFY17 on a yearly basis. Its bottomline also increased 16.26 per cent to Rs 90.05 crore in 9MFY17 on year-on-year basis.

The share price of Hatsun Agro Product increased 5.14 per cent on the bourses in early trades and is trading at Rs 419 on an intra-day basis.

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