Quarterly Results: Sarveshwar Foods' PAT at jumps 6%

FMCG company Sarveshwar Foods has announced its quarterly results. According to information shared with exchanges, the company's PAT jumped 6 per cent year-on-year as Q1 FY25 profit was Rs 3.09 crore compared to PAT of Rs 2.90 crore in Q1 FY24.

The company's revenue from operations stood at Rs 233.05 crore in Q1 FY25, as against Rs 187.68 crore in Q1 FY24 year-on-year growth of 24 per cent.

Additionally during the quarter, the company secured a significant export order valued at approx $6 million.

EBITDA for the quarter is Rs 13.31 crore as against Rs 11.10 crore in Q1 FY24 - a year-on-year growth of 20 per cent.

Earlier, the company's net profit had risen 186.05 per cent to Rs 4.92 crore in the third quarter of FY2024 as against Rs 1.72 crore during the previous quarter ended December 2022.

Meanwhile, FMCG company Sarveshwar Foods has announced that its board of directors has approved fundraising by issuing warrants on a preferential basis. The company has informed exchanges that its board has approved the allotment of 10,20,00,000 fully convertible warrants. 

The company is engaged in the business of manufacturing, trading, processing, and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets.