Patanjali Ayurved’s Net Profit grew by 14% in FY21
Business News India ( 20th Oct 2021 ): Patanjali Ayurved’s Net Profit grew by 14% in FY21. According to data accessed by Tofler, Patanjali Ayurved’s revenue in the financial year 2021 grew by 9 percent to Rs 9,872 crore.
Baba Ramdev-promoted Patanjali Ramdev reported a 9 percent jump in its revenue to Rs 9,872 crore in the financial year 2021 (FY21), while its net profit for the period grew 14 percent to Rs 485 crore in comparison to FY20, according to financial data business intelligence platform Tofler. The company had reported Rs 9,089 crore in revenue in FY21 and Rs 425 crore in net profit.
Its EBITDA (earnings before interest, taxes, depreciation, and amortization) stood at Rs 1,041 crore.
“While the turnover of Patanjali Ayurved in the first year (2007-08) after incorporation was just Rs. 51 crores, it has reached a turnover of Rs. 9783.81 crores in the financial year 2020-21 within an approximate span of a decade which is a robust achievement,” the company said while reporting its financials for FY21.
The company in August got a go-ahead from the Securities and Exchange Board of India (SEBI) for its plans to raise Rs 4,500 crore by launching a follow-on public offering (FPO) for Ruchi Soya. Patanjali Ayurved had acquired the company under the provisions of the Insolvency and Bankruptcy Code for Rs 4,350 crore in 2019.
Acharya Balkrishna, promoter of the company has pledged his 50% of the shareholding i.e. 2,06,72,500 shares of the company in favor of its lender bank by way of additional securities
Baba Ramdev and Acharya Balkrishna founded a company called Patanjali Ayurved in 2006.