Hatsun Agro Product (531531) Q3 24/25 earnings summary

Executive summary

• Unaudited financial results for the quarter and nine months ended December 31, 2024, were approved and released, showing continued profitability and revenue growth year-over-year.

• Board approved the appointment of Ernst & Young LLP as internal auditors for FY 2025-26.

• Investment into FP Solar Shakti Private Limited was approved to secure solar energy for captive consumption at the Andhra Pradesh plant.

• Postal ballot notice approved for revised remuneration of the Managing Director and related procedural matters.

Financial highlights

• Revenue from operations for Q3 FY25 was ₹2,009.75 crore, up from ₹1,887.49 crore in Q3 FY24.

• Net profit for Q3 FY25 stood at ₹40.94 crore, compared to ₹57.40 crore in Q3 FY24.

• For the nine months ended December 31, 2024, revenue was ₹6,456.91 crore, up from ₹5,943.53 crore year-over-year.

• Net profit for the nine-month period was ₹235.80 crore, up from ₹215.13 crore year-over-year.

• Basic and diluted EPS for Q3 FY25 was ₹1.84, compared to ₹2.58 in Q3 FY24.

Outlook and guidance

• Investment in renewable energy through FP Solar Shakti Private Limited aims to reduce energy costs and support sustainability initiatives.