Mishtann Foods' standalone net profit surged 216% to Rs 11.03 crore in Q1 FY23 as against Rs 3.49 crore recorded in Q1 FY22.
Revenue from operations soared by 118.7% to Rs 158.27 crore in Q1 FY23 from Rs 72.36 crore posted in Q1 FY22. Profit before tax jumped 235.6% to Rs 16.95 crore in Q1 FY23 from Rs 5.05 crore reported in Q1 FY22.Total expenses increased by 111.3% year on year to Rs 140.03 crore during the quarter ended 30 June 2022. Cost of raw materials jumped by 110% year on year to Rs 138.29 during the period under review. Employee expenses soared to Rs 0.36 crore in Q1 June 2022 as against Rs 0.02 crore in Q1 June 2021.
Mishtann Foods produces and sells wheat, toor dal and basmati rice under the brand name Mishtann in India.
Shares of Mishtann Foods rose 0.77% to Rs 9.22 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app