Shares of Dodla Dairy Ltd. fell as much as 4% on Monday, July 21, in response to its June quarter results, which were weak on the operational front.The company’s net profit fell 3.4% from last year to ₹62.8 crore. The company had reported a net profit of ₹65 crore last year.
Revenue for the quarter was the only parameter that increased on a year-on-year basis, showcasing a 10% growth to 1,007 crore.
On the operational front, the company’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined by 22% from last year to ₹83 crore, while margins also narrowed by over 300 basis points to 8.2% from 11.5% from the year-ago quarter.More details are awaited from the company’s investor presentation.
Revenue for the quarter was the only parameter that increased on a year-on-year basis, showcasing a 10% growth to 1,007 crore.
On the operational front, the company’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined by 22% from last year to ₹83 crore, while margins also narrowed by over 300 basis points to 8.2% from 11.5% from the year-ago quarter.More details are awaited from the company’s investor presentation.
Shares of Dodla Dairy fell as much as 4.3% after the results announcement, currently trading 3.7% lower at ₹1,396.1. The stock has risen 11.5% so far this year. In comparison the shares of its peer Hatsun Agro are trading with gains of 9% after its results.
