– PAT grows by 62.5% Q-on-Q basis to Rs 14.8 crore –


INVC NEWS

New Delhi,

India’s fastest growing integrated milk and dairy products company Prabhat Dairy Limited, yesterday announced its unaudited financial results for the quarter and nine months ended December 31 2017. The company has continued registering profitability and achieving growth in sales across its segments.

Prabhat Dairy’s consolidated EBITDA grew by 19% on Q-on-Q basis and marginally i.e. 0.2% on Y-on-Y basis. The Company’s PAT margin also improved to 3.7% compared to 2.4% in Q2 FY18 and PBT also increased to 4.2% compared to 2.9% in Q2FY18.

For the past quarter, the Company registered consolidated revenue of Rs.404 crore, a growth of 4.8% on Q-on-Q basis, consistently maintaining a decent growth.

The Company’s gross margin increased to 23%, compared to 19.1% in the same quarter last year. Prabhat’s Q3 FY18 Gross Profit also grew by 10.7% Q-on-Q to Rs 93 crore.

Explaining the current results, Mr Vivek Nirmal, Joint Managing Director, Prabhat Dairy Limited said, “Our results reflect the sustained growth of our products across various segments. We have consistently gained a positive momentum in the long run and are confident of achieving our financial goals laid out in our Vision 2020. We would continue to maintain our focus in further strengthening our financial position while also expanding our reach to newer markets in the coming quarters.”

A strong player in B2B segment, Prabhat Dairy is gaining further market in the B2C segment with back-to-back launches of new products. Last quarter, the Company had strengthened its foothold in North-East India and has further plans to strengthen its presence in other states.

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