AGRO TECH FOODS Announces Quarterly Results (3QFY21); Net Profit Up 8.5%

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 (3QFY21); Net Profit Up 8.5%
Fri, 22 Jan

AGRO TECH FOODS has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

AGRO TECH FOODS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m2,2872,2862,4667.9%7.8%
Other incomeRs m722-21.1%-79.7%
TurnoverRs m2,2952,2882,4677.8%7.5%
ExpensesRs m2,1422,1212,3078.8%7.7%
Gross profitRs m146165159-3.8%9.3%
DepreciationRs m49444910.7%0.2%
InterestRs m44515.9%15.9%
Profit before taxRs m100119107-10.1%6.8%
TaxRs m253025-14.9%1.6%
Profit after taxRs m758981-8.5%8.5%
Gross profit margin%6.47.26.4
Effective tax rate%24.825.023.6
Net profit margin%3.33.93.3
* 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 7.8% on a year-on-year (YoY) basis. The expenses were up by 7.7% YoY during the same period.
  • The company's operating profit increased by 9.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 6.4% in 3QFY21.
  • Depreciation charges increased by 0.2% and finance costs increased by 15.9% YoY, respectively.
  • Other income declined by 79.7% YoY during the quarter.
  • Net profit for the quarter increased by 8.5% YoY. Net profit margins during the quarter increased from 3.3% in 3QFY20 to 3.3% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.8% QoQ during the same period.
  • The company's operating profit declined by 3.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.4% in 3QFY21 as against 7.2% in 2QFY20.
  • Net profit for the quarter declined by 8.5% QoQ, while net profit margins declined from 3.9% in 2QFY20 to 3.3% in 3QFY21.

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

Watch Now: The Great Indian Wealth Project

AGRO TECH FOODS Share Price Performance

Over the last one year, AGRO TECH FOODS share price has moved up from Rs 712.7 to Rs 806.5, registering a Gain of Rs 93.8 or around 13.2%.

Overall, the S&P BSE SENSEX is up 18.1% over the year.

Current Valuations

At the current price of Rs 806.5, the price to earnings (P/E) ratio of AGRO TECH FOODS stands at 58.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.8 times.

Equitymaster requests your view! Post a comment on "AGRO TECH FOODS Announces Quarterly Results (3QFY21); Net Profit Up 8.5%". Click here!

  

Related Views on News

Burger King IPO: Should You Subscribe to This QSR Chain Business? (IPO)

Dec 2, 2020

Does the company with one of the fastest-growing QSR chains in India have sound prospects?

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 (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.

More Views on News

Most Popular

Is Intraday Trading For You?(Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

My Secret to Find Breakthrough Stocks(Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Key to Profit from India's EV Revolution(Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

AGRO TECH FOODS SHARE PRICE


May 17, 2021 (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 8-QTR ANALYSIS

COMPARE AGRO TECH FOODS WITH

MARKET STATS