Parag Milk Foods Ltd. : Q4FY17 Results
Amir Shaikh / 30 May 2017
Total sales for this quarter, Q4FY17, came in at Rs. 428.2 crore. This represents a 3.99 per cent sequential decline and 3.38 per cent YoY increase.
Parag Milk Foods Ltd. reported its results for the quarter ended March 31, 2017, after market hours yesterday.
Total sales for this quarter, Q4FY17, came in at Rs. 428.2 crore. This represents a 3.99 per cent sequential decline and 3.38 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 51.8 crore and the EBIT margin stood at 12.1 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 29.26 crore which represents a sequential QoQ decline of 177.2 per cent and a YoY increase of 82.87 per cent.
The company's stock which opened for trading at Rs. 248.75 on the BSE, has dropped by 4.78 per cent after the results were declared and it is currently trading close to Rs. 239.1 mark.
PARAG MILK FOODS PRIVATE LIMITED is an Indian based company, which carries on the business to procure milk from the farmers, retailers and wholesalers or person trading in milk, to manufacture various milk products like curd, butter, cheese, paneer, ice-cream and so on. The company has its registered office in the State of Maharashtra.