By Malvika Gurung
Investing.com — Shares of the leading integrated dairy company Dodla Dairy (NS:) skyrocketed 17.05% and hit a new 52-week high of Rs 898.9 apiece in a flat session on Monday, significantly outperforming the equity benchmark indices and , after the firm released its earnings for the quarter ended June 30, 2023.
The dairy company surpassed the Rs 800 crore quarterly revenue milestone for the first time, registering a 14.8% YoY growth at Rs 823.4 crore in the first quarter of the financial year 2023-24.
Its Value Added Products (VAP) and Fat & Fat products sales increased by 12.9% YoY to Rs 258.6 crore, led by the extended summer season coupled with a diversified product portfolio and strong brand recall. Dodla’s VAP sales contributed 32% to the overall revenues in the June quarter, the company’s MD, Dodla Sunil Reddy said.
The dairy company’s profit after tax (PAT) rose sharply by 40.3% YoY to Rs 35 crore in the reporting quarter compared to Rs 24.9 crore in the same period last year. On a sequential basis, the bottomline jumped 55.2%.
Its PAT margin surged 77 basis points to 4.2% in Q1 FY24 from 3.5% in the year-ago period, while rallying 114 bps from 3.1% in the preceding quarter.
The small-cap company’s EBITDA surged 33.9% YoY to Rs 60.3 crore in the quarter under focus and soared 78.9% on a quarter-on-quarter (QoQ) basis.
Dodla Dairy’s EBITDA margin ticked significantly higher by 104 bps YoY and 267 bps sequentially to 7.3% in the June-ended quarter, while EBIT jumped 45.9% YoY and 130.8% QoQ to Rs 43.9 crore in the period.
