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

AGRO TECH FOODS Announces Quarterly Results (3QFY20); Net Profit Down 24.8%
Mon, 27 Jan

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

AGRO TECH FOODS Quarterly Financials

No. of Mths Qtr. Ending		3 Dec-18*	3 Sep-19*	3 Dec-19*	QoQ Change	YoY Change
Net Sales	Rs m	2,154	2,046	2,287	11.8%	6.2%
Other income	Rs m	13	11	7	-34.5%	-43.9%
Turnover	Rs m	2,167	2,057	2,295	11.6%	5.9%
Expenses	Rs m	1,974	1,860	2,142	15.2%	8.5%
Gross profit	Rs m	180	186	146	-21.7%	-19.2%
Depreciation	Rs m	40	49	49	0.4%	21.1%
Interest	Rs m	0	5	4	-2.2%	1366.7%
Profit before tax	Rs m	153	144	100	-30.8%	-34.6%
Tax	Rs m	53	-10	25		-53.2%
Profit after tax	Rs m	100	154	75	-51.3%	-24.8%
Gross profit margin	%	8.4	9.1	6.4
Effective tax rate	%	34.7	-6.9	24.8
Net profit margin	%	4.6	7.5	3.3

* 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 6.2% on a year-on-year (YoY) basis. The expenses were up by 8.5% YoY during the same period.
The company's operating profit declined by 19.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.4% in 3QFY20 as against 8.4% in 3QFY19.
Depreciation charges increased by 21.1% and finance costs increased by 1366.7% YoY, respectively.
Other income declined by 43.9% YoY during the quarter.
Net profit for the quarter declined by 24.8% YoY. Net profit margins during the quarter declined from 4.6% in 3QFY19 to 3.3% in 3QFY20.

Quarter-on-Quarter Performance:

The company's operating income during the quarter grew 11.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 15.2% QoQ during the same period.
The company's operating profit declined by 21.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.4% in 3QFY20 as against 9.1% in 2QFY19.
Net profit for the quarter declined by 51.3% QoQ, while net profit margins declined from 7.5% in 2QFY19 to 3.3% in 3QFY20.

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

Get Details: First Stock to Potentially Accumulate Rs 7 Crore Long-term Wealth

AGRO TECH FOODS Share Price Performance

Over the last one year,AGRO TECH FOODS share price has moved up from Rs 579.2 to Rs 698.7, registering a Gain of Rs 119.5 or around 20.6%.

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 698.7, the price to earnings (P/E) ratio of AGRO TECH FOODS stands at 44.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.0 times.

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AGRO TECH FOODS SHARE PRICE

BSE: 830.50 -3.32% NSE: 828.95 -2.26%
Feb 25, 2021 03:36 PM

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LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

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AGRO TECH FOODS Announces Quarterly Results (3QFY20); Net Profit Down 24.8% Mon, 27 Jan