Heritage Foods Ltd consolidated Q3 FY2023-24 net profit increases to Rs. 26.90 crores

Heritage Foods Limited has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 944.105 crores during the period ended December 31, 2023 as compared to Rs. 980.350 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 26.901 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 22.414 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 2.90 for the period ended December 31, 2023 as compared to Rs. 2.42 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 944.105 crs	₹980.350 crs	-3.70%
Net Profit	₹26.901 crs	₹22.414 crs	20.02%
EPS	₹2.90	₹2.42	19.83%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 944.105 crores during the period ended December 31, 2023 as compared to Rs.789.142 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.26.901 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.13.725 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.2.90 for the period ended December 31, 2023 as compared to Rs.1.50 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 944.105 crs	₹789.142 crs	19.64%
Net Profit	₹26.901 crs	₹13.725 crs	96.00%
EPS	₹2.90	₹1.50	93.33%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.2850.784 crores during the 9 Months period ended December 31, 2023 as compared to Rs.2431.758 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.66.053 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.40.044 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.7.12 for the 9 Months period ended December 31, 2023 as compared to Rs.4.37 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹2850.784 crs	₹2431.758 crs	17.23%
Net Profit	₹66.053 crs	₹40.044 crs	64.95%
EPS	₹7.12	₹4.37	62.93%

Shares of Heritage Foods Limited was last trading in BSE at Rs. 327.50 as compared to the previous close of Rs. 322.75. The total number of shares traded during the day was 101023 in over 2078 trades.

The stock hit an intraday high of Rs. 336.60 and intraday low of 322.95. The net turnover during the day was Rs. 33344586.00.

Source : Equity Bulls

Keywords

HeritageFoods Q3FY24 9MFY24 ResultUpdate