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Patanjali Diet Result: Yogaguru Ramdev’s company Patanjali Foods has announced its September quarter results. Patanjali Foods reported a 126 percent year-on-year rise in profit during the second quarter ended September 30. With this, the profit has now reached 254.5 crore rupees. In the same period last year, the company had Rs. 112.3 crore profit was recorded.
What was the income of Patanjali: However, the company’s revenue fell by 8.1 percent to Rs. 7,821.9 crore as against Rs. 8,514.1 crores. The company’s food and FMCG segment in the second quarter posted Rs. 2,487.62 crore in revenue, representing a growth of 5.4 percent over the year-ago period. Revenue in edible oil segment declined by 13.38 percent to Rs. 5,421.45 as compared to Rs. 6,259.41 was
The company said the edible oil segment faced price pressure during the second quarter, mainly due to excess imports, which led to increased inventory levels, which affected both revenue and margins. The effect of softening in edible oil prices remains. Let it be known that the company during the quarter Rs. Achieved export sales of 41.65 crores. At the same time, products are exported to 23 countries.
The fortunes of the insolvent company changed: Let us tell you that in the year 2019, Yogaguru Ramdev acquired the bankrupt edible oil company Ruchi Soya Industries. At the same time, in 2022, the name of this company was changed to Patanjali Foods Limited. Currently, the shares of this company are at 1455 rupees. On Wednesday too, tremendous buying was seen in the stocks.