Mishtann Foods Ltd. (BSE: 539594), India’s leading agro-food product company, in its board meeting held on October 25th, 2024 has approved the un-audited Financial Results of the Company for the quarter and half year ended on 30 September 2024.
Consolidated Financial Statement Highlights
Particulars (Rs. Crores)* Q2FY25 Q2FY24 YoY% Q1FY25 H1FY25 H1FY24 YoY%
Revenue from Operations 341.87 318.4 7% 382.67 724.54 612.34 18.32%
EBITDA 108.36 90.54 20% 72.69 181.05 163.3 10.87%
EBITDA Margin 31.69% 28.44% 326 bps 18.99% 24.99% 26.67% (168 Bps)
PAT 106.56 87.43 22% 71.3 177.87 156.34 13.77%
PAT Margin 31.17% 27.46% 317 bps 18.63% 24.55% 25.53% (98 bps)
For the quarter ended 30 September 2024 (Consolidated), the revenue from operations was reported at Rs. 341.87 Cr, up 7% YoY. The EBITDA came in at Rs. 108.36 Cr (Q2FY25), a growth of 20% YoY. EBITDA Margins grew 326 bps, from 28.44% (Q2FY24) to 31.69% (Q2FY25). PAT grew 22% YoY, from Rs. 87.43 Cr (Q2FY24), to Rs.106.56 Cr (Q2FY25). PAT margin came in at 31.17% (Q2FY25), improving by 317 bps.
For the half year ended 30 September 2024 (Consolidated), the revenue from operations was reported at Rs. 724.54 Cr, up 18.32% YoY. The EBITDA came in at Rs. 181.05 Cr (H1FY25), a growth of 10.87% YoY. EBITDA Margins came in at 24.99% (H1FY25). PAT grew 13.77% YoY, from Rs. 156.34 Cr (H1FY24), to Rs.177.87 Cr (H1FY25). PAT margin came in at 24.55% (H1FY25).
About Mishtann Foods Ltd. :Mishtann Foods Limited (BSE: 539594) is India’s leading FMCG company with primary focus on various types of Basmati rice. The company also deals in edible common salt, rock salt, pink salt and all other kinds of grains and cereals. Mishtann Foods’ 100,000 metric tonne per annum rice processing facility is strategically located near Ahmedabad in Gujarat, India, in a close proximity to port giving the company cost advantage for the export market. Mishtann’s wider product portfolio of Basmati rice includes Raw, Sella and Steam that cater to wider customer segment in wholesale as well as retail. The company offers a wide range of agricultural products, including rice, wheat, spices, and pulses. All of its products are grown using environmentally friendly farming practices and carefully processed and packaged to preserve their freshness and nutritional value. Mishtann Foods is committed to sustainable agriculture and environmental conservation. It works closely with local farmers, providing them with training and support in eco-friendly farming practices and encouraging them to adopt sustainable methods of agriculture. Mishtann has relentlessly worked to support and encourage farmers to adopt the latest farming techniques. It is a matter of immense pride that the company sources its grains from some of the best Basmati growing farms in the region.
