Penny Stock Under Rs 15: This Agro Food Product Small-cap Company Announces Its Quarterly Results, Operating Revenue Jumps 18 per cent YoY while Net Profit Soared by 22 per cent
The stock gave returns of 13.36 per cent returns in just 1 year and 872 per cent since listing.
Mishtann Foods Ltd announced its Quarterly Results in its board meeting held on October 25th, 2024. The BOD approved the un-audited Quarterly Results of the company for the quarter and half year ended on September 30th, 2024.
In Q2FY25, the company reported a revenue of Rs 341.87 crore, marking a 7 per cent year-on-year increase. For the first half of FY25, revenue reached Rs 724.54 crore, up 18.32 per cent compared to the same period last year. The net profit of the company rose to Rs 106.56 jumped by 22 per cent year on year basis. In H1FY25 net profit saw a 13.77 per cent jump reaching Rs 177.87 crore. The PAT margin has improved by the company in recent quarters by 317 bps.
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Mishtann Foods Limited is India's leading FMCG company with primary focus on various types of Basmati rice. The company also deals in edible common salt, rock salt, pink salt and all other kinds of grains and cereals. Mishtann Foods’ 100,000 metric tonne per annum rice processing facility is strategically located near Ahmedabad in Gujarat, India, in a close proximity to port giving the company cost advantage for the export market.
Mishtann's wider product portfolio of Basmati rice includes Raw, Sella and Steam that cater to wider customer segment in wholesale as well as retail. The company offers a wide range of agricultural products, including rice, wheat, spices, and pulses. All of its products are grown using environmentally friendly farming practices and carefully processed and packaged to preserve their freshness and nutritional value.
Today, shares of Mishtann Foods Ltd jumped by 3.3 per cent to Rs 14.5 per share from its previous closing in the early morning. The stock’s 52-week high is Rs 26.40 and its 52-week low is Rs 12.2. The stock gave returns of 13.36 per cent returns in just 1 year and a whopping 872 per cent since listing. This FMCG Small-Cap stock should be kept under the radar.The company is a Small-cap company having a market cap of Rs 1,567 crore
Investors should keep an eye on this Small-cap stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.