
Press Release15 Aug 2024, 07:19 pm
Sarveshwar Foods Reports 24% YoY Growth in Q1 FY25 Revenue, 20% Growth in EBITDA, and 6% Growth in PAT
AI Summary
Sarveshwar Foods Limited, a company engaged in the manufacturing, trading, processing, and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets, has announced its unaudited financial results for the quarter ended June 30, 2024. The company reported a 24% year-over-year growth in revenue from operations, a 20% growth in EBITDA, and a 6% growth in PAT. The impressive growth is primarily attributed to the continued supply of a higher quantity of rice and an expanded customer base through the Bharat Rice Scheme of the GOI. Additionally, the company secured a significant export order valued at approximately 6 Million USD under NAFED.
Key Highlights
- Revenue from operations in Q1 FY25 stood at Rs.233.05crore, a 24% YoY growth
- Q1 FY25 EBITDA stood at Rs. 13.31 crore, a 20% YoY growth
- Q1 FY25 PAT stood at Rs. 3.09 crore, a 6% YoY growth
- The growth is primarily attributed to the continued supply of a higher quantity of rice and an expanded customer base through the Bharat Rice Scheme of the GOI
- The company secured a significant export order valued at approximately 6 Million USD under NAFED