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

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AGRO TECH FOODS Announces Quarterly Results (2QFY19); Net Profit Up 5.6%
Fri, 9 Nov

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

AGRO TECH FOODS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,9721,9712,1097.0%7.0%
Other incomeRs m16826.2%541.7%
TurnoverRs m1,9731,9772,1177.1%7.3%
ExpensesRs m1,7951,8291,9315.6%7.6%
Gross profitRs m17614117825.9%1.0%
DepreciationRs m4445450.0%2.3%
InterestRs m000-50.0%0.0%
Profit before taxRs m13310214137.4%5.5%
TaxRs m47375033.8%5.3%
Profit after taxRs m86659139.5%5.6%
Gross profit margin%8.97.28.4
Effective tax rate%35.536.435.5
Net profit margin%4.43.34.3
* 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 7.0% on a year-on-year (YoY) basis. The expenses were up by 7.6% YoY during the same period.
  • The company's operating profit increased by 1.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.4% in 2QFY19 as against 8.9% in 2QFY18.
  • Depreciation charges increased by 2.3% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 541.7% YoY during the quarter.
  • Net profit for the quarter increased by 5.6% YoY. Net profit margins during the quarter declined from 4.4% in 2QFY18 to 4.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.6% QoQ during the same period.
  • The company's operating profit increased by 25.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.4% in 2QFY19 as against 7.2% in 1QFY18.
  • Net profit for the quarter increased by 39.5% QoQ, while net profit margins increased from 3.3% in 1QFY18 to 4.3% in 2QFY19.

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 543.0 to Rs 520.0, registering a Loss of Rs 23.0 or around 4.2%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 520.0, the price to earnings (P/E) ratio of AGRO TECH FOODS stands at 39.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.7 times.

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Related Views on News

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.

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

Jul 18, 2019 | Updated on Jul 18, 2019

For the quarter ended June 2019, AGRO TECH FOODS has posted a net profit of Rs 70 m (up 7.8% YoY). Sales on the other hand came in at Rs 2 bn (up 0.3% YoY). Read on for a complete analysis of AGRO TECH FOODS's quarterly results.

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Nov 20, 2019 (Close)

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