Mukka Proteins soars over 8% on contemporary home and worldwide orders; Order ebook at ₹200 crore

Shares of Mukka Proteins surged over 8 p.c in intra-day buying and selling on Thursday, March 6, after the corporate secured a number of provide orders, additional increasing its market presence. The orders embrace important offers with Avanti Feeds for the home market and Padma Feed for worldwide provide, bringing the corporate’s whole order ebook to roughly ₹200 crore.

Mukka Proteins has signed a serious provide settlement with Avanti Feeds, valued at ₹31.77 crore, for the supply of fish meal and fish oil. Moreover, the corporate secured a world order from Bangladesh-based Padma Feed & Chicks price $2,20,000 (roughly ₹1.91 crore).

Additional strengthening its international operations, Mukka Proteins’ subsidiary, Mukka Proteins Vietnam, has positioned an order for fish meal price $10,00,000 (roughly ₹8.7 crore). All these orders are set for rapid execution, highlighting the corporate’s capacity to meet rising demand effectively.

“These offers reinforce Mukka Proteins’ aggressive place within the international marine protein section and showcase our capacity to ship high-quality, sustainable merchandise whereas sustaining robust relationships with business leaders,” the corporate acknowledged.

Monetary Efficiency: Robust Restoration in Q3FY25

In its Q3FY25 monetary outcomes, Mukka Proteins reported a considerable 151 p.c year-on-year (YoY) progress in web revenue, reaching ₹25 crore, primarily pushed by price efficiencies. Nonetheless, income declined 40 p.c YoY to ₹280 crore from ₹468 crore in the identical interval final yr. On a sequential foundation, income surged 130 p.c to ₹122 crore in comparison with the September quarter, indicating a powerful restoration. The corporate’s revenue margin additionally improved to eight.5 p.c from 2 p.c YoY.

Okay Mohammed Haris, Managing Director & CEO of Mukka Proteins, emphasised the corporate’s strategic progress regardless of challenges. “We’ve got efficiently navigated by means of one of many highest Complete Allowable Catch limits in Peru, which impacted pricing. Our give attention to effectivity, cost-effective manufacturing fashions, and a diversified buyer base has enabled us to maintain profitability,” he acknowledged.

As India’s largest fish meal and oil producer, Mukka Proteins stays dedicated to strengthening its international footprint. “We intend to scale manufacturing, diversify our product choices, and develop into new international markets to additional solidify our position within the international meals safety chain,” Haris added.

Inventory Efficiency and Market Traits

Following the announcement of the brand new orders, Mukka Proteins’ inventory rallied 8.1 p.c, reaching an intra-day excessive of ₹35.80. Regardless of at present’s positive factors, the inventory stays 36 p.c beneath its 52-week excessive of ₹56.52, recorded in July 2024.

The inventory had declined 6.6 p.c in February after an 11.2 p.c drop in January. Nonetheless, Mukka Proteins’ IPO, which debuted in late February 2024, remains to be buying and selling 28 p.c above its situation worth of ₹28, reflecting sustained investor curiosity.

With a rising order pipeline, strategic growth, and a give attention to operational effectivity, Mukka Proteins continues to strengthen its place within the marine protein business, driving long-term worth for its stakeholders.

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