Baba Ramdev’s Patanjali Ayurved-owned Ruchi Soya has come in double delight as on one hand it has been approved by SEBI to launch an FPO, while Ruchi Soya has shown exceptional growth in the June 2021 quarter results. Ruchi Soya Industries Limited, owned by Baba Ramdev-owned Patanjali, has performed well in the April-June 2021 quarter and has also registered a strong growth in sales figures along with profit, Ebitda and margin.
If we look at the year-on-year basis, there has been a jump of 73 percent in the revenue or sales of Ruchi Soya and it has reached Rs 5266 crores as against Rs 3043 crores in June 2020 last year. Operating profit or EBITDA has more than doubled to Rs 331 crore as against Rs 124 crore in June 2020.
On the other hand, Ruchi Soya’s PAT i.e. profit after paying tax has increased 14.16 times and has come to Rs 173.5 crore in the June quarter this year as compared to Rs 12.25 crore in June 2020. In this way the company has got a strong edge on the profit front.
The draft of FPO (Follow on Public Offer) was submitted by SEBI to SEBI on 12th June of this month. Ruchi Soya’s FPO of Rs 4,300 crore may be launched by next week. Its shares will be sold through Ruchi Soya’s FPO. A proposal to raise Rs 4300 crore from the company was given to SEBI for approval. As per SEBI rules, at least 25 per cent of the listed company should be in the market. More than half the money received from this FPO will be used to reduce the company’s debt.
Ruchi Soya was acquired by Patanjali Ayurved in the year 2019 for Rs 4,350 crore through a debt resolution process under the Insolvency Code. The company does business of oil mill, edible oil processing and soya products etc. Mahakosh, Sunrich, Ruchi Gold and Nutrela are the top brands of the company and are a leader in the FMCG market.
The company’s total income also increased tremendously in the year 2021.
Ruchi Soya is growing day by day and quadruple growth ever since it was bought by Patanjali Ayurved. The condition of the company is also continuously improving. According to the Bombay Stock Exchange, the company’s total income in the financial year 2020-21 has been Rs 16,382 crore. While the total income of the company was Rs 13,175 crore during a year ago.