 "Hatsun Agro Product surges on robust Q1 results")
Hatsun Agro Product has surged 14% to Rs 448 on the BSE after reporting a nearly four-fold jump in net profit at Rs 28.69 crore for the quarter ended June 30, 2015 (Q1).
The company, which is engaged in the manufacture and sale of dairy products, had posted a profit of Rs 7.33 crore in the year-ago quarter. It had reported a profit of Rs 39 crore in the entire previous financial year 2014-15.
Net sales increased by 23% to Rs 865 crore in the June quarter against Rs 702 crore in the corresponding quarter of previous fiscal.
Meanwhile, the board has declared an interim dividend of Rs 1.50 per share (150%) on the face value of Re 1 per share, Hatsun Agro Product said in a statement.
The stock opened at Rs 450 and touched a record high of Rs 470 on the BSE. Till 1001 hours, a combined 125,437 shares changed hands on the counter on the BSE and NSE.
The company, which is engaged in the manufacture and sale of dairy products, had posted a profit of Rs 7.33 crore in the year-ago quarter. It had reported a profit of Rs 39 crore in the entire previous financial year 2014-15.
Net sales increased by 23% to Rs 865 crore in the June quarter against Rs 702 crore in the corresponding quarter of previous fiscal.
Meanwhile, the board has declared an interim dividend of Rs 1.50 per share (150%) on the face value of Re 1 per share, Hatsun Agro Product said in a statement.
The stock opened at Rs 450 and touched a record high of Rs 470 on the BSE. Till 1001 hours, a combined 125,437 shares changed hands on the counter on the BSE and NSE.
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