Mishtann Foods Reports 30% Revenue Growth in Q1 FY 2025

On July 15, 2024, Mishtann Foods Ltd announced its financial results for Q1 FY 2025 in a stock exchange filing. The company’s revenue jumped 30% year over year.

The company’s revenue from operations reached ₹382.67 crore in Q1 FY 2025, reflecting a 30% year-over-year increase from ₹293.95 crore in Q1 FY 2024. In Q4 FY 2024, revenue was ₹337.58 crore. The EBITDA for Q1 FY 2025 was ₹72.69 crore, slightly down from ₹72.77 crore in Q1 FY 2024. Profit After Tax (PAT) for Q1 FY 2025 stood at ₹71.30 crore, a 3% year-over-year increase from ₹68.92 crore in Q1 FY 2024. And in Q4 FY 2024, the PAT was ₹94.19 crore.

Commenting on the financial performance for the quarter-ended June 2024, the management of Mishtann Foods said, “We are pleased to present our financial results for Q1FY25, reflecting a strong performance and strategic growth trajectory. Our revenue from operations grew by 30% year-over-year, reaching Rs. 382.67 crore. EBITDA for the quarter was reported at Rs. 72.69 crore, demonstrating our efficient operational management. Profit Before Tax (PBT) stood at Rs. 71.98 crore, and Profit After Tax (PAT) was Rs. 71.30 crore, marking a 3% year-over-year increase. This growth was primarily driven by robust demand and successful geographic expansion of our products, including handsome contributions from wholly owned subsidiaries.”

They further added, “These phenomenal results are a testament to our ability to consistently deliver value to our stakeholders and our commitment to driving sustainable growth. Moreover, we are striving to grow in the fields of grain-based ethanol and electric vehicle components which shows our continuous efforts at sustainability and our commitment towards the environment. This strategic move reflects our forward-looking approach, capitalising on emerging opportunities in sustainable technologies and eco-friendly solutions.”

The company is confident that these exceptional financial results and its expansion into sustainable sectors will further propel growth and enhance its position as a leading player in the industry.

Mishtann Foods is strategically positioned to capitalise on the significant increase in India’s Basmati rice exports. The company stated that recent industry data indicates a 13% rise in exports during the first two months of the current fiscal year, driven by robust demand from traditional West Asian markets such as Saudi Arabia and Iraq.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.