The announcement was made after market hours yesterday, 7 January 2019.
Meanwhile, the S&P BSE Sensex was down 95.90 points or 0.27% at 35,754.26.
On the BSE, 3,674 shares were traded on the counter so far as against the average daily volumes of 5,977 shares in the past two weeks. The stock had hit a high of Rs 97.90 and a low of Rs 94.80 so far during the day.
Prabhat Dairy said that while the company was already in the cattle-feed business, it has entered in comprehensive animal nutrition business. It has increased the focus on this by expanding the farmer base buying cattlefeed for its animals. Further to this, the company has also taken preliminary steps in the area of mineral premixes by executing a joint development agreement with DLG, Denmark based world leader in high-quality vitamin-mineral feeds for the development of two products in Denmark for the improvement of health and to increase milk productivity and quality of the cattle.
These two products, one for Milking Cow and another for Dry Cow, will be given to 150 selected farms to administer on 1000 cows. This pilot phase will be for 4-6 months. Post successful pilot, commercial launch will be planned by the company. With this the company shall strengthen its production chain but also further build their current strong association with the farmers.
Prabhat Dairy's consolidated net profit rose 35.86% to Rs 12.35 crore on 8.73% growth in total income to Rs 419.56 crore in Q2 September 2018 over Q2 September 2017.
Prabhat Dairy is an integrated milk and dairy products company. The company is engaged in the business of procurement and processing of milk and sale of milk and milk products, such as ghee, flavored milk, skimmed milk powder, whole milk powder and condensed milk.