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Gujarat Ambuja Exports Ltd Q2FY24; 30% rise in Profits

Gujarat Ambuja Exports is engaged in the manufacturing of Corn Starch Derivatives, Soya Derivatives, Feed Ingredients, Cotton Yarn, and Edible Oils. Since its incorporation in 1991, GAEL strives to serve the Food, Pharmaceutical, Feed, and many other industries with a long-term growth strategy in the Agro-Processing sector. (Source: Company Website)

Financial Results:

Gujarat Ambuja Exports Ltd reported Revenues for Q2FY24 of ₹1,116.00 Crores up from ₹1,078.00 Crore year on year, a rise of 3.53%.

Total Expenses for Q2FY24 of ₹1,048.00 Crores up from ₹1,011.00 Crores year on year, a rise of 3.66%.

Consolidated Net Profit of ₹83.00 Crores up 29.69% from ₹64.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.62, up 29.29% from ₹2.80 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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