New Delhi: Edible oil major Ruchi Soya Industries Ltd on Sunday reported a 3 per cent increase in its net profit to Rs 234.07 crore for the quarter ended in December 2021.

The company's net profit stood at Rs 227.44 crore in the year-ago period.

According to a regulatory filing, the total income rose by 41 per cent to Rs 6,301.19 crore in the third quarter of this fiscal year from Rs 4,475.59 crore in the corresponding period of the previous year.


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In segmental revenue performance, while the company generated major revenues from the Oil business, its newly started segments-like biscuits, breakfast cereals, and nutraceuticals have also gained market acceptance with revenues showing gradual and sustainable rise during the quarter ending Dec 21.


Ruchi Soya said it has strongly positioned itself with a diversified portfolio of products to capitalise on the trend of a shift in consumer preferences towards trusted and branded packaged foods amid the Covid-19 pandemic.


EBIDTA surged to Rs 440.89 crore in Q3 as compared to Rs 351.70 crore in the previous corresponding quarter of Dec 2020. For the overall 9 months period ending Dec 21, operating margins remained to be higher at 1,147.73 crores as compared to Rs 747.77 crore for the 9 months period ending Dec 20.


Net profit during 9 months period ending Dec 21 also exhibited significant growth of 56% during the similar 9 months period ending Dec 20. The company reported that its 9 monthly operating results are in line with the estimates of its business plan.


An analysis of the financial results for the 9 months period ending Dec 21 makes it noteworthy to mention that Ruchi Soya has already crossed EBIDTA Rs. 10 billion, making such EBITDA the highest ever EBITDA in its history.


By registering EBIDTA of Rs 11.47 billion in the first 9 months of the current fiscal, the company has already surpassed the EBITDA of the previous entire fiscal in only 9 months of operations this fiscal. 


After the culmination of the IBC process and takeover by the Patanjali Group in December 2019, RSIL has been steered well and is showing a consistent rise in financial performance. 


Ruchi Soya's portfolio of brands like Ruchi Gold, Mahakosh, Sunrich, Nutrela, Ruchi Star, and Ruchi Sunlight continues to witness a good response.

The company plans to expand its existing product portfolio of nutraceuticals products, the filing stated.

Ruchi Soya's portfolio of brands like Ruchi Gold, Mahakosh, Sunrich, Nutrela, Ruchi Star, and Ruchi Sunlight continues to witness a good response.

Ruchi Soya has over 56,000 hectares under oil palm cultivation engaging with more than 39,000 farmers across nine states in India. The company is also engaged in wind power generation business out of which 19 per cent is used for captive consumption.

Last week, PTI had cited sources as saying that Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurveda, is likely to hit the capital market with its follow-on public offer (FPO) by the end of this month to raise up to Rs 4,300 crore.


(With Agency Inputs)