The shares of this Telangana-based dairy firm jumped 7.2 p.c intraday after the corporate introduced a 53 p.c enhance in its web income in Q3 FY25.
Value Motion
With a market capitalization of Rs 6,576.33 crore, Dodla Dairy Ltd surged 8.3 p.c in Thursday’s buying and selling session and made an intraday excessive of Rs 1,125.10 per share in comparison with its earlier closing worth of Rs 1,049.10 per share. The inventory reiterated from its day’s excessive and closed at Rs 1,088.00 which is 3.71 p.c larger than the earlier closing worth.
What Occurred
The shares of Dodla Dairy Ltd surged after the corporate reported its Q3FY24-25 outcomes. Its income from operations grew by 20.6 p.c yr on yr from Rs 746.84 crore to Rs 901.2 crore in Q3FY25. Nevertheless, on a quarter-on-quarter foundation, it fell 9 p.c from Rs 997.6 crore in Q2FY25.
Out of the Rs 901.2 crore income from operations, 89.05 p.c comes from India whereas the remaining 10.95 p.c comes from their worldwide amenities in Kenya and Uganda.
This was accompanied by a 53.7 p.c enhance in web income from Rs 41.3 crore to Rs 63.5 crore in Q3FY24. On a quarter-on-quarter foundation, the web revenue rose by 0.3 p.c from Rs. 63.3 crore. Additional, the corporate’s Diluted EPS considerably elevated by 53.19 p.c yr on yr from Rs 6.88 to Rs 10.54.
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Capex Plans
The board has sanctioned a capital expenditure of Rs. 280 crore for establishing a brand new plant and equipment, together with the mandatory infrastructure in Maharashtra. This quantity contains the beforehand permitted Rs. 15 crores for land acquisition. The funding will likely be obtained via inside accruals and debt.
Firm Overview
Dodla Dairy is a Telangana-based built-in dairy firm. It processes and markets milk, together with producing varied different dairy merchandise. Dodla Dairy has additionally expanded its presence in Africa, making a notable influence on the dairy industries in Kenya and Uganda. Its enterprise mannequin in Africa intently follows the method utilized in India, consisting of direct milk procurement, processing, and distribution.
As of Q3 FY25, the corporate has 16 processing crops, 160 chilling centres, and 645 stores. About 98 p.c of the milk is sourced immediately from farmers. Internationally, they’ve 2 crops in Africa (Kenya & Uganda) and 284 distributors, which they function via the subsidiary Lakeside Dairy Ltd.
Written by Shwetha Sairam
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