Ethnic snacks manufacturer Bikaji Foods International reported a 200 percent increase in net profit, reaching INR 116.28 crore for the quarter ended March 31, compared to INR 38.67 crore in the same period last year, according to the company’s announcement to the exchanges.
Sequentially, the profit saw a 153 percent increase compared to INR 45.99 crore in the December quarter.
Additionally, operating revenue climbed by 12.8% to INR 520.82 crore in the March quarter, compared to INR 461.69 crore during the same time in the previous year.
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EBITDA rose by 10.2 percent to INR 67.5 crore in the reported quarter, compared to INR 61.3 crore in the same period last year, with the margin standing at 13 percent.
The company’s board also approved a final dividend of INR 1 per equity share.
On May 23, the company’s stock price experienced a slight decline of 0.67 percent, reaching INR 533.9 on the BSE.
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