Heritage Foods posts strong growth in Q4FY19

The company reported a profit after tax (PAT) of Rs. 82.59 crore for Q4FY19. The company's board has recommended a dividend of Rs. 2 per share. 

For the quarter, the company's revenues from operations stood at Rs. 635.03 crore as compared to Rs. 561.63 crore in Q4FY18, registering a growth of 13.07 per cent. PBIT was at Rs. 37.42 crore in Q4FY19 and profit after tax was at Rs. 20.16 crore in Q4 FY19. 

On the annual front, on a consolidated basis, revenues from operations were at Rs. 2,514.75 crore as compared to Rs. 2,373.42 crore in FY18, expressing a growth of 5.95 per cent. PBIT was at Rs. 149.40 crore, as against Rs. 108.14 crore in FY18, portraying a growth of 38.15 per cent. Profit after tax was at Rs. 82.59 crore, as compared to Rs. 62.73 crore in FY18. 

The company's board has recommended Rs. 2 per share dividend, i.e., 40 per cent of the face value of Rs. 5 per share. 

On Thursday, the shares of Heritage Foods opened at Rs. 460 against Wednesday’s close of Rs. 475. At 10:10 hours, the stock was trading at Rs. 445, 6.32 per cent lower than the previous close. It reached an intraday high of Rs. 66.40 and an intraday low of Rs. 62.90 per share on the BSE. The 52-week high stood at Rs. 732 and 52-week low was at Rs. 421 per share on the BSE.