Dairy News 7x7 logo

Safe Milk Labs

Parag Milk Foods consolidated revenue up 8.8% at ₹800.84cr in Q3

Parag Milk Foods Ltd (PMFL) has reported a 268.8 per cent increase in profit after tax at ₹34.16 crore in the third quarter of fiscal year 2024.

The consolidated Q3 FY24 revenue stood at ₹800.84 crore, an 8.8 per cent YoY growth, while gross profit stood at ₹210.75 crore, with a gross profit margin of 26.3 per cent.

EBITDA stood at ₹68.65 crore, with an EBITDA margin of 8.6 per cent.

In the nine-month period ending December 31, 2023, revenue stood at ₹2,348.59 crore, up 12.3 per cent YoY. Gross profit stood at ₹554.54 crore, a gross profit margin of 23.6 per cent. EBITDA stood at ₹178.21 crore, with an EBITDA margin of 7.6 per cent.

Chairman, Devendra Shah, said, “Our consolidated revenues for the quarter have grown by 8.8% yoy; whilst our margins and profitability have witnessed strong improvement. The Gross and EBITDA margins have expanded by 520 basis points and 340 basis points to 26.3 per cent and 8.6 per cent, respectively”.

Advertisement · Scroll to continue
Share :

Read Next

Sorry, your ID is maybe not correct (If you did not place any ID that means auto-detect does not work.). And please make sure that your selected element is developed with Swiper.