Ruchi Soya Industries rose 3.3% to Rs 43.80 at 12:27 IST on BSE, with the stock recovering on bargain hunting after recent slide.
Meanwhile, the S&P BSE Sensex was up 123.87 points or 0.5% at 24,808.72.
On BSE, so far 1.63 lakh shares were traded in the counter as against average daily volume of 6.34 lakh shares in the past two weeks.
The stock hit a high of Rs 44.35 and a low of Rs 42.50 so far during the day.
Shares of Ruchi Soya Industries had declined 6.91% in three trading sessions to settle at Rs 42.40 on Monday, 2 June 2014, from a recent high of Rs 45.55 on 28 May 2014.
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Ruchi Soya Industries reported a net loss of Rs 9.65 crore in Q4 March 2014 as compared to net profit of Rs 78.58 crore in Q4 March 2013. Ruchi Soya Industries' total income from operations (net) fell 15.57% to Rs 6377.50 crore in Q4 March 2014 over Q4 March 2013. The result was announced after market hours on Friday, 30 May 2014.
Ruchi Soya Industries' net profit dropped 94.31% to Rs 13.42 crore on 6.75% decline in total income from operations (net) to Rs 24381.01 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
The net profit in FY 2014 was lower due to higher provision of taxation, more particularly the deferred tax.
On consolidated basis, Ruchi Soya Industries' net profit dropped 99.94% to Rs 0.16 crore on 4.54% fall in total income from operations (net) to Rs 28499.43 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
Earnings before interest and finance cost, tax, depreciation & amortisation (EBITDA) fell 22.07% to Rs 733.75 crore in FY 2014 over FY 2013. Sale of Textured Soya Protein (TSP) or Soya Food rose 39.36% to Rs 177 crore in FY 2014 over FY 2013. Branded sales rose 12.01% to Rs 6965 crore in FY 2014 over FY 2013.
Ruchi Soya Industries is India's leading FMCG company and India's number one cooking oil and soya food maker and marketer. An Integrated player from farm to fork, Ruchi Soya has secured access to oil palm plantations in India and other key regions of the world. Ruchi Soya is also the highest exporter of soya meal, lecithin and other food ingredients from India.
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