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

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AGRO TECH FOODS Announces Quarterly Results (2QFY20); Net Profit Up 69.7%
Wed, 6 Nov

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

AGRO TECH FOODS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m2,1091,9762,0463.5%-3.0%
Other incomeRs m811114.6%46.8%
TurnoverRs m2,1171,9872,0573.5%-2.8%
ExpensesRs m1,9311,8301,8601.6%-3.7%
Gross profitRs m17814618627.3%4.4%
DepreciationRs m4546496.6%8.0%
InterestRs m0550.0%4400.0%
Profit before taxRs m14110714435.0%2.5%
TaxRs m5037-10-127.0%-119.8%
Profit after taxRs m9170154119.5%69.7%
Gross profit margin%8.47.49.1
Effective tax rate%35.534.3-6.9
Net profit margin%4.33.57.5
* 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 fell 3.0% on a year-on-year (YoY) basis. The expenses were down by 3.7% YoY during the same period.
  • The company's operating profit increased by 4.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.1% in 2QFY20 as against 8.4% in 2QFY19.
  • Depreciation charges increased by 8.0% and finance costs increased by 4400.0% YoY, respectively.
  • Other income increased by 46.8% YoY during the quarter.
  • Net profit for the quarter increased by 69.7% YoY. Net profit margins during the quarter increased from 4.3% in 2QFY19 to 7.5% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.6% QoQ during the same period.
  • The company's operating profit increased by 27.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.1% in 2QFY20 as against 7.4% in 1QFY19.
  • Net profit for the quarter increased by 119.5% QoQ, while net profit margins increased from 3.5% in 1QFY19 to 7.5% in 2QFY20.

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

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AGRO TECH FOODS Share Price Performance

Over the last one year,AGRO TECH FOODS share price has moved up from Rs 525.0 to Rs 612.7, registering a Gain of Rs 87.7 or around 16.7%.

Overall, the S&P BSE SENSEX is up 14.6% over the year.

Current Valuations

At the current price of Rs 612.7, the price to earnings (P/E) ratio of AGRO TECH FOODS stands at 36.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.

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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.

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Jan 22, 2021 11:06 AM

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