Sarveshwar Foods Ltd experienced a significant surge in its stock price on Tuesday, reaching an intraday high of Rs 10, marking a 5% increase.
Just the previous day, Monday, the stock had closed at Rs 9.53 after hitting a lower circuit. This follows a pattern where the stock had also hit the upper circuit last Wednesday and Thursday.
Stock Performance Overview
Over the past month, Sarveshwar Foods’ stock has shown strong performance, rising by 13%. In the last six months, the stock has surged by 55%,
and year-to-date, it has seen a remarkable 70% increase.Over the past year, the stock has grown by 45%, with its 52-week high
and low prices standing at Rs 15.73 and Rs 2.19, respectively. The company currently holds a market cap of Rs 978.82 crore.
Quarterly Results Highlight Growth
In Q4FY24, Sarveshwar Foods reported robust financial results with revenues of ₹247.32 crore, marking a 91% increase year-on-year from ₹129.81 crore in Q4 FY23.
This growth is attributed to increased rice supply under the Government of India’s Bharat Rice Scheme and an expanded customer base.
The company’s EBITDA for the quarter stood at ₹14.20 crore, up 26% from ₹11.30 crore in Q4 FY23.
Profit after tax (PAT) for Q4 FY24 was ₹4.14 crore, showing a substantial increase of 129% from ₹1.81 crore in Q4 FY23.
For the full fiscal year FY24, the company’s revenue from operations grew to ₹869.59 crore, compared to ₹689.32 crore in FY23, reflecting a year-on-year increase of 26%.
