{"id":6894,"date":"2023-08-16T14:43:57","date_gmt":"2023-08-16T14:43:57","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=6894"},"modified":"2023-08-23T14:44:20","modified_gmt":"2023-08-23T14:44:20","slug":"basmati-rice-exporter-shares-jump-4-5-after-reporting-61-increase-in-net-profits-yoy","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/basmati-rice-exporter-shares-jump-4-5-after-reporting-61-increase-in-net-profits-yoy\/","title":{"rendered":"Basmati Rice exporter shares jump 4.5 % after reporting 61% increase in net profits\u00a0YoY"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-113-1024x640.png\" alt=\"\" class=\"wp-image-6895\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-113-1024x640.png 1024w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-113-600x375.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-113-300x188.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-113-768x480.png 768w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-113.png 1080w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The shares of basmati rice exporter gained 4.5 percent to Rs 121.20 apiece on Wednesday following the company\u2019s impressive June Quarter financial results.&nbsp;<\/p>\n\n\n\n<p>At 1:35 p.m.,Sarveshwar Foods Ltd shares were trading at Rs 120.95 a share on the National Stock Exchange, up Rs 5.35 or 4.63 percent. The company has a market capitalization of Rs 370 crore.\u00a0<\/p>\n\n\n\n<p>The company reported consolidated net profit increased by 4 percent to Rs 2.90 crore in Q1FY24, compared to Rs 2.79 crore in the same quarter last year, while revenue fell by 5 percent to Rs 187 crore in the latest quarter, compared to Rs 197 crore in the same quarter last year.&nbsp;<\/p>\n\n\n\n<p>In comparison to the previous quarter (Q4 FY 22-23), operational revenue increased by 45 percent from 129 crores in Q4FY23 to 187 crores in Q1FY24, Further net profit jumped by 61 percent from 1.8 crores to 2.9 crores.&nbsp;<\/p>\n\n\n\n<p>In the previous year, the company\u2019s share price has risen from Rs 56.20 to current levels, giving multibagger returns of 115 percent. As a result, if an investor purchased 1 lakh shares of a company in the previous year, their holdings are now worth 2.51 lakhs!&nbsp;<\/p>\n\n\n\n<p>Sarveshwar Foods Limited is engaged in the manufacturing, trading, and export of Basmati rice.&nbsp;<\/p>\n\n\n\n<p>According to the recent shareholding pattern, the promoters own 55.74 percent of the company, while foreign institutional investors hold 2.37 percent.\u00a0<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The shares of basmati rice exporter gained 4.5 percent to Rs 121.20 apiece on Wednesday following the company\u2019s impressive June Quarter financial results.&nbsp; At 1:35 p.m.,Sarveshwar Foods Ltd shares were trading at Rs 120.95 a share on the National Stock Exchange, up Rs 5.35 or 4.63 percent. The company has a market capitalization of Rs [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[215,167,159],"class_list":["post-6894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-basmati-rice","tag-indian-rice","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Basmati Rice exporter shares jump 4.5 % after reporting 61% increase in net profits\u00a0YoY - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Basmati Rice exporter shares jump 4.5 % after reporting 61% increase in net profits\u00a0YoY - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"The shares of basmati rice exporter gained 4.5 percent to Rs 121.20 apiece on Wednesday following the company\u2019s impressive June Quarter financial results.&nbsp; At 1:35 p.m.,Sarveshwar Foods Ltd shares were trading at Rs 120.95 a share on the National Stock Exchange, up Rs 5.35 or 4.63 percent. 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