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Parag Milk Foods announces Q2 results: Profit Rises by 15.96% YoY

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Highlights

  • The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
  • Sales over the Year and quarter: The company experienced a substantial growth of 9.17 % in the past year, substantial increase in net sales/revenue by 14.96 %.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 27.62 %. Marginal increase in other income during this quarter, up by 28.99%.
  • Profit over the Year and quarter: Significant improvement in profitability for Parag Milk Foods Limited. Notable increase of 15.97 % in net profit Year to Year, Parag Milk Foods Limited’s profitability increased by 7 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 13.95 % Year to Year. EPS increased by 6.99 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Parag Milk Foods Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 798.158 Cr Rs. 757.93 Cr Rs. 871.31 Cr + 14.96 % + 9.17 %
Expenses Rs. 745.35 Cr Rs. 702.12 Cr Rs. 802.11 Cr + 14.24 % + 7.62 %
Operating Profit Rs. 52.81 Cr Rs. 55.81 Cr Rs. 69.2 Cr + 23.99 % + 31.04 %
OPM % 6.62 % 7.36 % 7.94 % + 0.58 % + 1.32 %
Other Income Rs. 5.579 Cr Rs. 5.52 Cr Rs. 7.12 Cr + 28.99 % + 27.62 %
Interest Rs. 18.52 Cr Rs. 18.88 Cr Rs. 22.63 Cr + 19.86 % + 22.19 %
Depreciation Rs. 15.48 Cr Rs. 15.64 Cr Rs. 18.12 Cr + 15.86 % + 17.05 %
Profit before tax Rs. 24.39 Cr Rs. 26.81 Cr Rs. 35.57 Cr + 32.67 % + 45.84 %
Tax % 3.28 % 1.83 % 17.88 % + 16.05 % + 14.6 %
Net Profit Rs. 25.19 Cr Rs. 27.3 Cr Rs. 29.21 Cr + 7 % + 15.96 %
EPS in Rs Rs. 2.07 Rs. 2.28 Rs. 2.34 + 2.63 % + 13.04 %


Today, we’re looking at Parag Milk Foods Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 9.17 %. However, it did see a marginal increase of 14.96 % from the previous quarter. Expenses ticked up slightly by 14.24 % quarter-on-quarter, aligning with the annual rise of 7.62 %. Operating profit, while up 31.04 % compared to last year, faced a quarter-on-quarter increase of 23.99 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.32 %, but an expansion of 0.58 % sequentially. Other income rose by 28.99 % compared to the last quarter, despite an annual growth of 27.62 %. Interest expenses surged remarkably by 19.86 % from the previous quarter, yet the year-over-year increase remains at a moderate 22.19 %. Depreciation costs climbed by 15.86 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 17.05 %. Profit before tax grew annually by 45.84 % but saw an increase from the preceding quarter by 32.67 %.
Tax expenses as a percentage of profits increased slightly by 14.6 % compared to last year, with a more notable quarter-on-quarter increase of 16.05 %. Net profit rose by 15.96 % year-on-year but experienced a 7 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 13.04 % but a quarterly rise of 2.63 %. In summary, Parag Milk Foods Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 798.158 Cr Rs. 757.93 Cr Rs. 871.31 Cr + 14.96 % + 9.17 %
Expenses Rs. 745.35 Cr Rs. 702.12 Cr Rs. 802.11 Cr + 14.24 % + 7.62 %
Operating Profit Rs. 52.81 Cr Rs. 55.81 Cr Rs. 69.2 Cr + 23.99 % + 31.04 %
Net Profit Rs. 25.19 Cr Rs. 27.3 Cr Rs. 29.21 Cr + 7 % + 15.96 %
EPS in Rs Rs. 2.07 Rs. 2.28 Rs. 2.34 + 2.63 % + 13.04 %


In reviewing Parag Milk Foods Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 9.17 % year-on-year growth, however, there was a minor increase of 14.96 % from the previous quarter. Expenses rose by 7.62 % compared to the previous year, with a 14.24 % increase quarter-on-quarter. Operating Profit surged by 31.04 % annually, and saw a 23.99 % increase from the last quarter.
Net Profit showed yearly increase of 15.96 %, and experienced a 7 % increase from the previous quarter. Earnings Per Share (EPS) rose by 13.04 % annually, however rose by 2.63 % compared to the last quarter. In essence, while Parag Milk Foods Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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