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AGRO TECH FOODS Announces Quarterly Results (1QFY19); Net Profit Up 0.2%

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AGRO TECH FOODS Announces Quarterly Results (1QFY19); Net Profit Up 0.2%
Mon, 30 Jul

AGRO TECH FOODS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

AGRO TECH FOODS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m1,8782,1441,971-8.1%4.9%
Other incomeRs m05627.1%2950.0%
TurnoverRs m1,8782,1491,977-8.0%5.2%
ExpensesRs m1,7321,9881,829-8.0%5.6%
Gross profitRs m146157141-9.9%-3.2%
DepreciationRs m4344453.0%3.9%
InterestRs m2000.0%-90.0%
Profit before taxRs m101118102-13.1%1.3%
TaxRs m364337-12.6%3.3%
Profit after taxRs m657565-13.4%0.2%
Gross profit margin%7.87.37.2
Effective tax rate%35.736.236.4
Net profit margin%3.53.53.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 4.9% on a year-on-year (YoY) basis. The expenses were up by 5.6% YoY during the same period.
  • The company's operating profit declined by 3.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.2% in 1QFY19 as against 7.8% in 1QFY18.
  • Depreciation charges and finance costs increased by 3.9% YoY and 90.0% YoY, respectively.
  • Other income increased by 2950.0% YoY during the quarter.
  • Net profit for the quarter increased by 0.2% YoY. Net profit margins during the quarter declined from 3.5% in 1QFY18 to 3.3% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.0% QoQ during the same period.
  • The company's operating profit declined by 9.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.2% in 1QFY19 as against 7.3% in 4QFY18.
  • Net profit for the quarter declined by 13.4% QoQ, while net profit margins declined from 3.5% in 4QFY18 to 3.3% in 1QFY19.

To see how AGRO TECH FOODS has performed over the last eight quarters, please visit here.

AGRO TECH FOODS Share Price Performance

Over the last one year, AGRO TECH FOODS share price has moved up from Rs 522.8 to Rs 635.0, registering a Gain of Rs 112.3 or around 21.5%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 635.0, the price to earnings (P/E) ratio of AGRO TECH FOODS stands at 48.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.6 times.

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Related Views on News

AGRO TECH FOODS Announces Quarterly Results (3QFY19); Net Profit Up 10.4% (Quarterly Result Update)

Jan 24, 2019 | Updated on Jan 24, 2019

For the quarter ended December 2018, AGRO TECH FOODS has posted a net profit of Rs 100 m (up 10.4% YoY). Sales on the other hand came in at Rs 2 bn (up 0.4% YoY). Read on for a complete analysis of AGRO TECH FOODS's quarterly results.

AGRO TECH FOODS Announces Quarterly Results (2QFY19); Net Profit Up 5.6% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, AGRO TECH FOODS has posted a net profit of Rs 91 m (up 5.6% YoY). Sales on the other hand came in at Rs 2 bn (up 7.0% YoY). Read on for a complete analysis of AGRO TECH FOODS's quarterly results.

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