Dodla Dairy reported a 20.7% increase in revenue, rising to Rs 901 crore from Rs 747 crore in the same period last year.
Shares of Dodla Dairy Ltd. surged 8.35% on Thursday following the release of the company’s strong third-quarter earnings, marking a significant boost for the stock. The dairy company posted robust growth across key financial metrics for the quarter ended December 2024.
Dodla Dairy reported a 20.7% increase in revenue, rising to Rs 901 crore from Rs 747 crore in the same period last year.
The company saw a 15.8% year-on-year growth in Ebitda, reaching Rs 95.8 crore compared to Rs 82.7 crore in Q3 2024.
EBITDA margin saw a slight dip, standing at 10.6%, down from 11.1% in the same quarter last year.
Dodla Dairy’s net profit surged by 53.8%, reaching Rs 63.5 crore, up from Rs 41.3 crore in Q3 FY24.
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Investors responded positively to the results, sending the stock price up by over 8% during Thursday’s trade. Dodla Dairy is based in Hyderabad, Telangana and operates 14 processing plants and 150 milk chilling centers across 11 states, the company said its in official website
Dodla Dairy share price rose as much as 8.35% to Rs 1,140.50 apiece. It pared gains to trade 4.42% higher at Rs 1,099 apiece, as of 12:17 p.m. This compares to a 0.39% advance in the NSE Nifty 50 index.
It has risen 13.95% in the last 12 months. Total traded volume so far in the day stood at 2.2 times its 30-day average. The relative strength index was at 44.
Four analysts tracking the company maintain a ‘buy’ rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 33%.
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