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07-Aug2018

Parag Milk Foods surges on reporting around 3-fold jump in Q1 consolidated net profit

Parag Milk Foods is currently trading at Rs. 330.50, up by 12.30 points or 3.87% from its previous closing of Rs. 318.20 on the BSE.

The scrip opened at Rs. 332.60 and has touched a high and low of Rs. 344.45 and Rs. 328.25 respectively. So far 170162 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 414.95 on 17-May-2018 and a 52 week low of Rs. 220.65 on 10-Aug-2017.

Last one week high and low of the scrip stood at Rs. 344.45 and Rs. 295.00 respectively. The current market cap of the company is Rs. 2834.66 crore.

The promoters holding in the company stood at 45.96%, while Institutions and Non-Institutions held 26.77% and 27.27% respectively.

Parag Milk Foods has reported around 3 fold jump in its net profit of Rs 26.50 crore for the quarter ended June 30, 2018, as compared to Rs 9.36 crore for the same quarter in the previous year. Total income of the company increased by 32.99% at Rs 539.26 crore for Q1FY19 as compared Rs 405.50 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported around 3 fold jump in its net profit of Rs 28.27 crore for the quarter under review as compared to Rs 10.53 crore for the same quarter in the previous year. Total income of the company increased by 33.01% at Rs 551.20 crore for Q1FY19 as compared Rs 414.42 crore for the corresponding quarter previous year.


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