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

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AGRO TECH FOODS Announces Quarterly Results (3QFY19); Net Profit Up 10.4%
Thu, 24 Jan

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

AGRO TECH FOODS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,1462,1092,1542.1%0.4%
Other incomeRs m381371.4%407.7%
TurnoverRs m2,1482,1172,1672.4%0.9%
ExpensesRs m1,9671,9311,9742.2%0.4%
Gross profitRs m1791781801.1%0.8%
DepreciationRs m444540-10.5%-8.6%
InterestRs m000200.0%50.0%
Profit before taxRs m1371411538.5%11.5%
TaxRs m4750536.2%13.5%
Profit after taxRs m90911009.8%10.4%
Gross profit margin%8.38.48.4
Effective tax rate%34.135.534.7
Net profit margin%4.24.34.6
* 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 0.4% on a year-on-year (YoY) basis. The expenses were up by 0.4% YoY during the same period.
  • The company's operating profit increased by 0.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 8.4% in 3QFY19.
  • Depreciation charges declined by 8.6% and finance costs increased by 50.0% YoY, respectively.
  • Other income increased by 407.7% YoY during the quarter.
  • Net profit for the quarter increased by 10.4% YoY. Net profit margins during the quarter increased from 4.2% in 3QFY18 to 4.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.2% QoQ during the same period.
  • The company's operating profit declined by 1.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.4% in 3QFY19 as against 8.4% in 2QFY18.
  • Net profit for the quarter increased by 9.8% QoQ, while net profit margins increased from 4.3% in 2QFY18 to 4.6% in 3QFY19.

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 680.9 to Rs 607.5, registering a Loss of Rs 73.4 or around 10.8%.

Overall, the S&P BSE SENSEX is up 0.2% over the year.

Current Valuations

At the current price of Rs 607.5, the price to earnings (P/E) ratio of AGRO TECH FOODS stands at 44.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 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 11, 2019 (Close)

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