Hatsun Agro Product Q2 internet dips 49% on larger enter prices

Hatsun Agro Product Ltd. (HAPL) has reported a 49% dip in standalone internet revenue for the second quarter ended September to ₹42 crore on a rise in uncooked materials prices and unprecedented rainfall.

Throughout the quarter underneath evaluate, the income from operations grew by 7% by ₹1,748 crore, whereas uncooked materials prices rose from ₹1,148 crore to ₹1,278 crore, a rise of 11%, the dairy-product maker stated in a regulatory submitting.

“The value enhance of milk has been effected solely from August 12 and therefore, the profit has been realised partially on this quarter. The advantage of value enhance shall be realised in full within the quarters to come back,” stated R.G. Chandramogan, chairman.

He additionally stated procurement and gross sales in Q2 received affected as a result of unprecedented rainfall.

By- The Hindu

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