Parag Milk Foods that has recently raised Rs 750 crore through an IPO, has reported a flat net profit at Rs 16.09 crore for the quarter ended March.

The company has said that its net profit stood at Rs 16.08 crore in the year ago period.

The income from operations during the fourth quarter of last fiscal rose by 20 percent to Rs 414.23 crore from Rs 346.28 crore in the corresponding quarter of the previous year.

The company’s net profit during the entire 2015-16 fiscal, increased by 47 percent to Rs 47.31 crore from Rs 32.2 crore in the previous year.

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