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Hatsun Agro jumps on stellar Q3 result


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. ....

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