Categories Agricultural Products, AlphaGraphs

Mishtann Foods Ltd Q1FY24; 60% fall in Profits

The company was originally incorporated in February 1981 as HICS Cements Private Limited (HCPL), the company initially was a manufacturer of cement. In January 2015, some of the existing promoters took over the management and changed the name to Mishtann Foods Limited (MFL) It is an agro-product company in India involved in manufacturing, processing & trading of rice, wheat, and other food grains with its preliminary focus on branded basmati rice.

Financial Results:

Mishtann Foods Ltd reported Revenues for Q1FY24 of ₹80.34 Crores down from ₹158.27 Crore year on year, a fall of 49.24%.

Total Expenses for Q1FY24 of ₹73.62 Crores down from ₹141.33 Crores year on year, a fall of 47.91%.

Consolidated Net Profit of ₹4.38 Crores down 60.29% from ₹11.03 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.04, down 63.64% from ₹0.11 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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