Profits increased: Patanjali in the stock market: Baba Ramdev’s company has made huge profits. In the last three months, the company earned a revenue of approximately Rs 9,335 crore, which includes profits from OFS and other business units of Patanjali Foods. Patanjali Ayurveda, headed by Baba Ramdev, saw a 23.15 per cent rise in total revenue to Rs 9,335.32 crore in the last financial year. In a filing with the Companies Registry, the company cited proceeds from the offer for sale of Patanjali Foods (formerly Ruchi Soya) and other units of the group.
Significant increase in revenue in FY 2023-24
According to the Tofler report, there is a significant increase in the revenue of Patanjali Ayurved companies other than Patanjali Foods in the financial year 2023-24. It increased to Rs 2,875.29 crore from Rs 46.18 crore last year. Baba Ramdev’s company suffered huge financial losses in the last financial year. Patanjali Ayurved saw a 14.25 per cent decline in revenue to Rs 6,460.03 crore as of July 1, 2022, as a result of the transfer of its food business to Patanjali Foods.
The company’s total profit increased to Rs 2,901.10 crore.
Patanjali’s food business includes biscuits, ghee, cereals and nutraceuticals. Patanjali Ayurveda made a revenue of Rs 7,533.88 crore and a total profit of Rs 578.44 crore in FY 2022-23. The company’s total profit increased five-fold to Rs 2,901.10 crore in the financial year 2023-24. Private sector company Patanjali Ayurveda earned a total revenue of Rs 7,580.06 crore in the financial year 2022-23, which also includes other sources of revenue.
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