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Ruchi Soya’s FY 22 Q3 Profit is Rs. 234 Crores ─ Hikes 3%

05 August 20224 mins read by Angel One
Ruchi Soya’s FY 22 Q3 Profit is Rs. 234 Crores ─ Hikes 3%
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On Sunday, 12 February 2022, Ruchi Soya Industries Ltd. posted an increase in its net profit from Rs. 227.44 crores in FY 21 Q3 to Rs. 234.07 crores in FY 22 Q3, marking a surge of 3%. Keep scrolling to get the details!

Know About Ruchi Soya’s Income!

The total income of Ruchi Soya rose by a whopping 41% from Rs. 4,475.59 crores during Q3 of FY 2021 to Rs. 6,301.19 crores during Q3 of FY 2022.

The entity is planning the expansion of its existing product line of nutraceuticals. Its brands such as Ruchi Sunlight, Ruchi Star, Nutrela, Sunrich, Mahakosh and Ruchi Kosh fetch positive responses from the customers.

Ruchi Soya involves over 39,000 farmers from more than 9 states of this nation under its oil palm cultivation, covering more than 56,000 hectares of land. It also deals with wind power generation, under which 19% is utilised in captive consumption.

By the end of February, the company may strike the capital market with its FPO (follow-on public offer) to raise a maximum of Rs. 4,300 crores.

Get an Insight into Ruchi Soya!

Ruchi Soya Industries Ltd. is a firm that has been engaged in the edible oil business for more than 2 decades. It offers a cooking medium to cater to the different tastes of this varied and vast nation. It is a leader of the soya food and edible oil businesses in the country.

The company is India’s first soya bean meal exporter and a leading producer of vanaspati, protein and textured soya. Currently, it has one subsidiary known as Ruchi Worldwide Ltd.

Ruchi Soya’s plants are situated at Bundi and Sriganganagar in Rajasthan, Thiruvallur in Tamil Nadu, Gandhidham in Gujarat, Haldia in West Bengal, Nagpur and Raigad in Maharashtra, Mangalore in Karnataka and Mandla, Narsinghpur, Shajapur and Indore in Madhya Pradesh.

Parting Words

The third quarter margins of Ruchi Soya for the current financial year establish its strong brand positioning and successful product lines. Keeping the changing consumer preferences amidst the pandemic in mind, this company has continued to diversify its branded and trusted packaged foods.

Go through Angel One blogs to get the latest updates about investments, the stock market and IPOs.

Frequently Asked Questions

1. In which year did Ruchi Soya become a public limited company?

Ruche Soya started its operations during 1972-73. It set off as a public limited company in 1986.

2. Who is Ruchi Soya’s founder?

Dinesh Chandra Shahra is the founder of Ruchi Soya. He was honoured with Global India Lifetime Achievement Award 2021 on 24 September 2021.

3. Who acquired Ruchi Soya in 2019?

Ramdev’s Patanjali acquired Ruchi Soya in 2019 for about Rs. 4,350 crores. The company is Patanjali Ayurveda’s subsidiary.

Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.

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