Heritage Foods tumbled 5.07% to Rs 335 at 14:35 IST on BSE after consolidated net profit declined 53.49% to Rs 6.91 crore on 10.97% growth in total income from operations to Rs 437.74 crore in Q4 March 2014 over Q4 March 2013.
The Q4 result was announced during market hours today, 23 May 2014.
Meanwhile, the S&P BSE Sensex was up 267.15 points or 1.1% at 24,642.15.
On BSE, so far 52,000 shares were traded in the counter as against average daily volume of 41,000 shares in the past two weeks.
The stock was volatile. The stock rose as much as 3.14% at the day's high of Rs 364 so far during the day, which is a record high for the counter. The stock lost as much as 6.48% at the day's low of Rs 330 so far during the day.
Heritage Foods' consolidated net profit declined 9.31% to Rs 45.29 crore on 7.5% growth in total income from operations to Rs 1722.03 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
Heritage Foods has four business segments viz. dairy, retail, agri and bakery.
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