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The company declared an interim dividend of Rs 6 per equity share on the fully paid-up equity shares of the face value of Re 1 per share. It has fixed July 27 as the record date for payment of the interim dividend and said the interim dividend will be paid on or before August 18, 2023., Companies News, Times Now
Hatsun Agro Products rose 4% to Rs 751.20 after standalone net profit surged 141.42% to Rs 67.31 crore on 4.05% rise in revenue from operations to Rs 1,394.59 crore in Q3 December 2020 over Q3 December 2019.
Standalone profit before tax (PBT) soared 237.47% to Rs 100.87 crore in Q3 December 2020 as against Rs 29.89 crore in Q3 December 2019. Total tax expense for the quarter jumped 1,577.49% to Rs 33.55 crore as against Rs 2 crore in Q3 December 2019. The Q3 result was declared during trading hours today, 19 January 2021.
Among its CAPEX projects, the company has erected a plant in Solapur (Maharashtra) with a capacity to handle milk & milk products of volume 4 lakh litres per day (LLPD). Currently, the trial production is under progress and the full-fledged commercial production is expected to commence by the end of January 2021.