PATANJALI · Fast Moving Consumer Goods
Patanjali Foods Ltd. reported revenue of ₹8,228 cr for January to March 2024, — on the year and +4.0% on the quarter.
Operating profit (EBITDA) was ₹377 cr, a margin of 4.6%, — on the year and +23 bps on the quarter.
Net profit was ₹206 cr, — on the year and −5.1% on the quarter, with earnings per share of ₹1.90.
On earnings per share of ₹7.04 over the last four quarters, the stock at ₹367.00 trades at 52.1 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
Source: Quarterly statements
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹7,822 cr | ₹7,911 cr | ₹8,228 cr | ₹7,177 cr | ₹8,102 cr | ₹8,997 cr | ₹9,692 cr | ₹8,766 cr | ₹9,777 cr | ₹10,484 cr | ₹11,156 cr | ₹11,337 cr |
| YoY | — | — | — | −8% | +4% | +14% | +18% | +22% | +21% | +17% | +15% | +29% |
| EBITDA margin | 5.0% | 4.3% | 4.6% | 5.7% | 5.7% | 6.2% | 5.3% | 3.7% | 5.6% | 4.1% | 4.0% | 4.8% |
| Other income, % of PBT | 7% | 15% | 40% | 7% | 7% | 5% | 12% | 5% | 10% | 7% | −47% | 1% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 24% | 29% | 31% | 27% | 26% | 24% | 22% | 27% | −2% | — | — | 26% |
| Net profit | ₹255 cr | ₹217 cr | ₹206 cr | ₹263 cr | ₹309 cr | ₹371 cr | ₹359 cr | ₹180 cr | ₹517 cr | ₹594 cr | ₹524 cr | ₹336 cr |
| YoY | — | — | — | +199% | +21% | +71% | +74% | −32% | +67% | +60% | +46% | +87% |
| Core profit YoY | — | — | — | +334% | +24% | +80% | +125% | −29% | +18% | −28% | −14% | +90% |
| EPS | ₹2.34 | ₹1.99 | ₹1.90 | ₹2.42 | ₹2.85 | ₹3.42 | ₹3.30 | ₹1.66 | ₹4.75 | ₹5.46 | ₹4.82 | ₹3.09 |
| Flags | · | · | 1 | ✓ | ✓ | ✓ | ✓ | ✓ | 2 | 3 | 2 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Patanjali Foods Ltd. reported revenue of ₹8,228 cr (— on the year) and net profit of ₹206 cr (— on the year) for January to March 2024.
1 check raised a question: Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
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