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

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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.

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

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.

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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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