Baba Ramdev’s company is providing a dividend of 300% and there is a surge in the stock, creating a frenzy among investors to buy it.

Baba Ramdev’s company is providing a dividend of 300% and there is a surge in the stock, creating a frenzy among investors to buy it.

Friends, Baba Ramdev’s company, Patanjali Foods, has released its results for the March quarter. In this quarter, the company’s net profit has increased by 13% to reach ₹264 crore. Last year, in the same quarter, Patanjali Foods had a net profit of ₹234 crore. During this quarter, the revenue from operations has increased by 18% to ₹7,873 crore. In comparison, the revenue in the same quarter last year was ₹6,664 crore.

300% Dividend Recommendation

The board of Patanjali Foods has recommended a dividend of ₹6 per share, which translates to a dividend of 300% on a face value of ₹2 per share, for the conclusion of the financial year ending in March 2023. The FMCG company has reported an EBITDA of ₹426 crore for the March quarter.

One year ago, it was ₹418 crore. The revenue from the food and FMCG segment in the fourth quarter has tripled to ₹1,805 crore. It was ₹452 crore a year ago. During the March quarter, the revenue from edible oils was ₹6,058 crore.

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