A day after the company reported its June quarter (Q1FY25) scorecard, shares of dairy products manufacturer Hatsun Agro jumped over 16 percent in the early session on the BSE on Tuesday, July 16, reaching 52-week high levels.
Compared to its previous closing of ₹1,186.95, the Hatsun Agro share price opened at ₹1,350 and quickly climbed 16.3% to reach a new 52-week high level of ₹1,380. By 9:25 am, the stock had dropped some gains and was trading 7.76 percent higher at ₹1,279, however. At 80,771, the equity benchmark Sensex was up 0.13 percent.
On Monday, July 15, after market hours, Hatsun Agro announced a strong 63 per cent year-over-year (YoY) increase in its Q1FY25 profit after tax (PAT), to ₹130.54 crore. The company’s profit for the same period the previous year was ₹80.14 crore.
In the same quarter last year, the company’s revenue from operations increased by 10.4% YoY to ₹2,375.06 crore from ₹2,150.64 crore.