Hatsun Agro Product drops after poor Q4 results

Hatsun Agro Product lost 2.81% to Rs 262.50 at 12:24 IST on BSE after net profit declined 34% to Rs 4.01 crore on 8.2% growth in net sales to Rs 642.07 crore in Q4 March 2014 over Q4 March 2013.

The Q4 result was announced after market hours on Wednesday, 7 May 2014.

Meanwhile, the S&P BSE Sensex was down 5.14 points or 0.02% at 22,318.76.

On BSE, so far 28,000 shares were traded in the counter as against average daily volume of 51,770 shares in the past one quarter.

The stock hit a high of Rs 264 and a low of Rs 225.65 so far during the day. The stock had hit a 52-week low of Rs 105 on 15 May 2013. The stock had hit a record high of Rs 325 on 19 February 2014.

The stock had underperformed the market over the past one month till 7 May 2014, sliding 0.24% compared with the Sensex's 0.09% fall. The scrip had also underperformed the market in past one quarter, declining 2.53% as against Sensex's 9.56% rise.

The small-cap company has equity capital of Rs 10.77 crore. Face value per share is Re 1.

Hatsun Agro Product's net profit jumped 82.9% to Rs 81.69 crore on 15.2% growth in net sales to Rs 2481.20 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

Hatsun Agro Product is a South India based private sector dairy company.

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