Gopal Snacks Limited Shares hit all time low week after Q3FY24 Financial report.
Gopal Snacks Limited Indian FMCG company announced its financial earnings report for December ending Quarter(Q3FY24). During Q3FY24 company reported stagnant revenue from operations of 368.8 crores compared to 365.1 crores revenue reported in the last year for December quarter 2022. Its Net profit decreased to 17.9 crores compared to 33.1 crores for same period significant decrease of 45% year on year.
Further for 9MFY24 company’s revenue stood 1046.8 crores compared to 1062.6 crores for previous 9MFY23 decrease of 1.8% from last year 9 Month period. Company reported Net profit of 73.5 crores decrease of 14% compared to 85.1 crores in the same period.
Company listed publicly in March have Basic and Diluted earning per share of 1.44. Company’s share price reached its peak of 392.85 Rs per share now constantly on downward tragectry from a week since its announcement of fincancial earnings. Share price hit all time low of 326 Rs per share from 358.30 Rs per share since its financial announcement and ended at 326.35 Rs per share on Tuesday session on April 9.
Founded in 1999 by Bipinbhai Vitthalbhai Hadvani starting operation from Rajkot Gopal Snacks is a FMCG company in india offers large varities of Namkeens, Western Snacks and other products. Company operates Manufacturing facilities : Rajkot, Modasa in Gujrat and Nagpur in Maharastra. Company also exports its products internationally has strong presence in Western region headquarterd in Rajkot with Domestic reach over 4 Lakh retailers.