Piccadily Agro Industries Ltd (530305)

Piccadily Agro Reports Strong Financial Results and Plans Fundraising - 01 May, 2024

Piccadily Agro Industries reported strong financial results with consolidated net profit rising to Rs 110 crore in FY23-24 and an 819% YoY growth in Q4FY24 net profit. The company also announced plans to raise Rs 1,000 crore through the issuance of preference shares or sale of shares to qualified institutional investors.

Piccadily Agro Industries Hits Upper Circuit After Raising Funds - 30 Apr, 2024

Piccadily Agro Industries achieved revenue of ₹285 crore with a growth of 37% YoY in Q4 and an increase in profitability of 585% YoY to ₹43.50 crore in Q4. The company's distillery division contributed 67% of the revenue. It expanded its domestic market presence to 21 states in India and 21 markets overseas. Over the past week, shares of the company have jumped by 27.61%. Piccadily Agro Industries has a market capitalisation of ₹6,300 crore and manufactures sugar and distillery products at its plant in Haryana.

Piccadily Agro Industries' Shares Double in a Month on Strong Financial Results and Expansion Plans - 29 Apr, 2024

Shares of Piccadily Agro Industries Ltd have doubled in the past month after posting a four-fold increase in full-year profit for 2023-24 compared to last year. The company plans to raise ₹1,000 crore through preference shares or QIP to expand its capacity from 12,000 litres per day to 30,000 litres by the end of this financial year and 60,000 litres by the end of next year.

Piccadily Agro Industries Announces Fundraise for Expansion - 26 Apr, 2024

Shares of Piccadily Agro Industries have surged 23x since November 2021. The company announced a fundraise of up to Rs 1,000 crore via qualified institutional placement to expand capacity and launch premium products.

Piccadily Agro Shares Gain Over 82% in One Month - 24 Apr, 2024

Piccadily Agro Industries Ltd's market capitalization has increased from about ₹3,500 crore to over ₹5,180 crore in one month. The latest rally of 5% in the share price comes after a nearly four-fold increase in annual profit and plans to raise ₹1,000 crore through issue of preference shares or QIP. Indri claims to have captured 30% of India's whisky market as sales grew seven-fold in the second year.

Piccadily Agro Reports Strong Financial Results and Plans Fundraising - 23 Apr, 2024

Piccadily Agro Industries reports a significant increase in net profit for both the quarter and full year ended March 2024, with sales also showing strong growth. The company plans to raise funds through issuing preference shares or selling shares to qualified institutional investors. Shares have gained over 74% in the last month.