AGRO TECH FOODS Announces Quarterly Results (1QFY20); Net Profit Up 7.8%

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AGRO TECH FOODS Announces Quarterly Results (1QFY20); Net Profit Up 7.8%
Thu, 18 Jul

AGRO TECH FOODS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

AGRO TECH FOODS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,9712,0021,976-1.3%0.3%
Other incomeRs m611110.0%77.0%
TurnoverRs m1,9772,0131,987-1.3%0.5%
ExpensesRs m1,8291,8551,830-1.3%0.1%
Gross profitRs m141146146-0.3%3.3%
DepreciationRs m45384620.7%1.3%
InterestRs m0051400.0%2150.0%
Profit before taxRs m102119107-10.4%4.3%
TaxRs m3736372.5%-1.9%
Profit after taxRs m658470-15.9%7.8%
Gross profit margin%7.27.37.4
Effective tax rate%36.429.934.3
Net profit margin%3.34.13.5
* 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 0.3% on a year-on-year (YoY) basis. The expenses were up by 0.1% YoY during the same period.
  • The company's operating profit increased by 3.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 7.4% in 1QFY20.
  • Depreciation charges increased by 1.3% and finance costs increased by 2150.0% YoY, respectively.
  • Other income increased by 77.0% YoY during the quarter.
  • Net profit for the quarter increased by 7.8% YoY. Net profit margins during the quarter increased from 3.3% in 1QFY19 to 3.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.3% QoQ during the same period.
  • The company's operating profit increased by 0.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.4% in 1QFY20 as against 7.3% in 4QFY19.
  • Net profit for the quarter declined by 15.9% QoQ, while net profit margins declined from 4.2% in 4QFY19 to 3.5% in 1QFY20.

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 down from Rs 645.5 to Rs 477.0, registering a Loss of Rs 168.5 or around 26.1%.

Overall, the S&P BSE SENSEX is up 7.2% over the year.

Current Valuations

At the current price of Rs 477.0, the price to earnings (P/E) ratio of AGRO TECH FOODS stands at 33.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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Related Views on News

AGRO TECH FOODS Announces Quarterly Results (3QFY20); Net Profit Down 24.8% (Quarterly Result Update)

Jan 27, 2020 | Updated on Jan 27, 2020

For the quarter ended December 2019, AGRO TECH FOODS has posted a net profit of Rs 75 m (down 24.8% YoY). Sales on the other hand came in at Rs 2 bn (up 6.2% YoY). Read on for a complete analysis of AGRO TECH FOODS's quarterly results.

AGRO TECH FOODS Announces Quarterly Results (2QFY20); Net Profit Up 69.7% (Quarterly Result Update)

Nov 6, 2019 | Updated on Nov 6, 2019

For the quarter ended September 2019, AGRO TECH FOODS has posted a net profit of Rs 154 m (up 69.7% YoY). Sales on the other hand came in at Rs 2 bn (down 3.0% YoY). Read on for a complete analysis of AGRO TECH FOODS's quarterly results.

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