Hatsun Agro reports a 16% drop in Q4 net profit, revenue up 10%

Hatsun Agro Product Ltd, a leading Chennai-based dairy company, reported a 16 per cent drop in net profit to ₹25 crore for the fourth quarter ended 31st March 2023 as against ₹30 crore for the corresponding quarter of the previous year. Revenue increased by 10 per cent to ₹1,791 crore (₹1,627 crores). Consumables cost for the quarter increased by 18% to Rs.1,298 crore (Rs.1,099 crore).

For the year ended 31st March 2023, the net profit of the company decreased by 24 per cent to ₹166 crore as against ₹218 crore in the previous financial year. Revenue increased by 13 per cent to ₹7,257 crore (Rs. 6,380 crores), according to a financial statement filed by the company with the Bombay Stock Exchange on Tuesday night.

On BSE, the company’s share price closed on Tuesday at INR 870.35, up by Rs 7.50.