Shares of Dodla Dairy Ltd. surged as much as 16% on Monday after the company announced its June quarter results in which its net profit nearly doubled when compared to the year-ago quarter.
Net profit for Dodla Dairy increased by 86% from last year to ₹65 crore, while revenue increased by nearly 11% to ₹911.6 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 74.1% from last year to ₹105 crore, while EBITDA margin expanded by over 400 basis points to 11.5% from 7.3% lsat year.
Dodla Dairy’s gross margin has seen a significant expansion from the previous year’s quarter.
Dodla Dairy is targeting a capacity of 20 lakh litres per day going forward and is also targeting to increase the share of value added products as a percentage of revenue to 28%.
The company is looking to acquire land and begin operations in the state of Maharashtra and is also targeting the Animal Feed business to be worth ₹100 crore to ₹120 crore in the current financial year.
Shares of Dodla Dairy are trading 12.1% higher post the earnings announcement at ₹1,304. The stock made a record high of ₹1,346 in today’s session. Over the last 12 months, the shares have appreciated by 55% in value.
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