Ramdev’s company Patanjali Foods Ltd is going to give 300percent dividend to the investors
New Delhi: The fourth quarter results of Baba Ramdev’s company Patanjali Foods have come. The company (Patanjali Foods Ltd) has got bumper profits. Patanjali Foods Limited (PFL), a maker of edible oils and everyday use items, has reported a 12 per cent increase in net profit to Rs 263.7 crore for the fourth quarter ended March 2023. The net profit of the company was Rs 234.43 crore in the same period a year ago. According to a regulatory filing, the company’s total income rose to Rs 7,962.95 crore in the fourth quarter of the last fiscal from Rs 6,676.19 crore in the same period of the previous fiscal. The net profit of the company for the full financial year 2022-23 increased to Rs 886.44 crore from Rs 806.30 crore in the previous financial year.
The company’s total income increased to Rs 31,821.45 crore in the financial year under review as against Rs 24,284.38 crore in FY 2021-22. Patanjali Foods said that the share of FMCG business in the total revenue has increased to Rs 6,218.08 crore as against Rs 1,683.24 crore in FY 2021-22.
The company’s total income increased to Rs 31,821.45 crore in the financial year under review as against Rs 24,284.38 crore in FY 2021-22. Patanjali Foods said that the share of FMCG business in the total revenue has increased to Rs 6,218.08 crore as against Rs 1,683.24 crore in FY 2021-22.
300% dividend recommended
The board of Patanjali Foods Limited has recommended a dividend of Rs 6 for every Rs 2 face value, or nearly 300 per cent, for the financial year ending March 2023. The FMCG company reported an EBITDA of Rs 416 crore for the March quarter. It was Rs 418 crore in the year-ago period. Whereas in the fourth quarter, the revenue has increased three times to Rs 1805 crore. A year ago it was Rs 452 crore.
Dividend Stocks: These 5 stocks are in the portfolio, it will be fun, strong dividend is going to be available, full detailsShares rose more than 7 percent
Shares of Patanjali Foods Ltd have gained more than 7 per cent yesterday. The stock had closed at Rs 1023 level yesterday ie with an increase. The stock has seen a gain of up to 1 per cent as compared to a day earlier. The 52 week high of this stock is Rs.1495. The stock touched this level in September 2022.
