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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

EXPLORE: Here's How You Can Get 1 YEAR of Our Proven Smallcap Service for FREE...

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.

Equitymaster requests your view! Post a comment on "AGRO TECH FOODS Announces Quarterly Results (2QFY20); Net Profit Up 69.7%". Click here!

  

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 (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.

More Views on News

Most Popular

Large Opportunities Are Coming Our Way

Aug 5, 2020

Kenneth Andrade tells us why stocks will bounce back strongly and what he's bullish on.

Is It Time to Book Profits in Gold and Silver?(Fast Profits Daily)

Aug 10, 2020

Gold and silver have delivered phenomenal returns this year. Is it time to take some money of the table?

Forget the Nifty and Sensex for the Next 1 or 2 Years and Focus on These Stocks(Profit Hunter)

Aug 6, 2020

Stocks from the essential small cap space are likely to be outperformers over the next 1 or 2 years.

3 Stocks to Ride the Big Rebound in Smallcaps(Profit Hunter)

Aug 11, 2020

The rebound ratio suggests that smallcaps are set for big gains but this time it will be limited to a few stocks. Make sure you choose wisely.

Governance: for the country and your portfolio.(The Honest Truth)

Aug 14, 2020

Ajit Dayal on the need of socially responsible governance.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

AGRO TECH FOODS SHARE PRICE


Aug 14, 2020 (Close)

TRACK AGRO TECH FOODS

  • Track your investment in AGRO TECH FOODS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON AGRO TECH FOODS

AGRO TECH FOODS - VENKYS (I) LIMITED COMPARISON

COMPARE AGRO TECH FOODS WITH

MARKET STATS