Patanjali in Share Market: Baba Ramdev’s company has generated significant profits. In the past 3 months, the company made approximately Rs 9,335 crore in revenue, which consists of profits from Patanjali Foods’ OFS and other business units. In the previous fiscal year, Patanjali Ayurved, headed by Baba Ramdev, saw a 23.15 percent rise in total revenue to Rs 9,335.32 crore. In a filing to the Registrar of Companies, the company mentioned the sale offer of Patanjali Foods (formerly Ruchi Soya) and earnings from other group entities.
A significant rise in revenue in the financial year 2023-24
As per the Tofler report, there has been a significant rise in revenue in the financial year 2023-24, besides Patanjali Ayurved’s Patanjali Foods. There was a rise in the amount from Rs 46.18 crore in the previous year to Rs 2,875.29 crore. In the previous fiscal year, Baba Ramdev’s company experienced significant financial losses. Patanjali Ayurved saw a 14.25 percent decrease in revenue to Rs 6,460.03 crore on July 1, 2022, as a result of transferring its food business to Patanjali Foods.
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Company’s overall profit surged to Rs 2,901.10 crore
Patanjali’s food business consists of biscuits, ghee, cereals, and nutraceuticals. In the fiscal year 2022-23, Patanjali Ayurved earned a revenue of Rs 7,533.88 crore and a total profit of Rs 578.44 crore. In the financial year 2023-24, the company’s overall profit surged to Rs 2,901.10 crore, a fivefold increase. In the fiscal year 2022-23, Patanjali Ayurved, a private company, generated a total revenue of Rs 7,580.06 crore, which includes other sources of income.