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Business News/ Markets / Stock Markets/ Mishtann Foods reports 59% Q4 PAT growth driven by robust demand, Nomura Singapore raises stake

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Mishtann Foods reports 59% Q4 PAT growth driven by robust demand, Nomura Singapore raises stake

1 min read 31 May 2023, 02:02 PM IST Vipul Das

Mishtann Foods has released its quarterly results for the financial year 2022-23.

Mishtann Foods is an FMCG company. Last week, Nomura Singapore raised its stake in Mishtann Foods to 1.28 per cent or 12,825,854 shares. (PTI) — Mishtann Foods is an FMCG company. Last week, Nomura Singapore raised its stake in Mishtann Foods to 1.28 per cent or 12,825,854 shares. **(PTI)**

Mishtann Foods has released its quarterly results for the financial year 2022-23. The company's revenue from operations grew by 10.04 per cent from Rs. 153.47 crore in Q4 FY22 to Rs. 168.89 crore in Q4 FY23 primarily driven by robust demand for various products in the domestic and international markets.

EBITDA increased by 4.57 per cent from Rs. 22.33 crore in Q4 FY22 to Rs. 23.35 crore in Q4 FY23, according to a regulatory filing. EBITDA margins decreased from 14.55 per cent in Q4 FY22 to 13.82 per cent in Q4 FY23 by 73 bps.

The company's PAT increased by 7.45 per cent from Rs. 13.15 crore in Q4 FY22 to Rs. 14.13 crore in Q4 FY23. PAT margins decreased from 8.57 per cent in Q4 FY22 to 8.36 per cent in Q4 FY23 by 21 bps.

The company also declared a final dividend for FY 2022-23 of Rs. 0.001 (0.1%) per Equity Share.

The Revenue from operations recorded a healthy growth of 30.45 per cent from Rs. 498.57 Cr in FY22 to Rs. 650.38 Cr in FY23. The EBITDA increased by 59.42 per cent from Rs. 51.82 crore in FY22 to Rs. 82.61 crore in FY23. EBITDA margin rose by 231 bps from 10.39 per cent in FY22 to 12.70 per cent in FY23. PAT stood at Rs. 49.92 crore in FY23 as compared to Rs. 31.21 crore in FY22 witnessing a growth of 59.94 per cent.

Mishtann Foods is an FMCG company. Last week, Nomura Singapore raised its stake in Mishtann Foods to 1.28 per cent or 12,825,854 shares.

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ABOUT THE AUTHOR

Vipul Das

Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns.in (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).