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AGRO TECH FOODS Announces Quarterly Results (4QFY18); Net Profit Up 3.0%

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AGRO TECH FOODS Announces Quarterly Results (4QFY18); Net Profit Up 3.0%
Thu, 19 Jul

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

AGRO TECH FOODS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m2,0612,1462,144-0.1%4.1%
Other incomeRs m13584.6%433.3%
TurnoverRs m2,0612,1482,1490.1%4.3%
ExpensesRs m1,9041,9671,9881.0%4.4%
Gross profitRs m157179157-12.2%-0.1%
DepreciationRs m434444-0.9%0.5%
InterestRs m5000.0%-95.6%
Profit before taxRs m110137118-13.9%7.2%
TaxRs m374743-8.6%15.4%
Profit after taxRs m739075-16.7%3.0%
Gross profit margin%7.68.37.3
Effective tax rate%33.634.136.2
Net profit margin%3.54.23.5
* 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 grew 4.1% on a year-on-year (YoY) basis. The expenses were up by 4.4% YoY during the same period.
  • The company's operating profit declined by 0.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.3% in 4QFY18 as against 7.6% in 4QFY17.
  • Depreciation charges and finance costs increased by 0.5% YoY and 95.6% YoY, respectively.
  • Other income increased by 433.3% YoY during the quarter.
  • Net profit for the quarter increased by 3.0% YoY. Net profit margins during the quarter declined from 3.5% in 4QFY17 to 3.5% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.0% QoQ during the same period.
  • The company's operating profit declined by 12.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.3% in 4QFY18 as against 8.3% in 3QFY17.
  • Net profit for the quarter declined by 16.7% QoQ, while net profit margins declined from 4.2% in 3QFY17 to 3.5% in 4QFY18.

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 494.0 to Rs 624.0, registering a Gain of Rs 130.0 or around 26.3%.

Overall, the S&P BSE SENSEX is down 0.1% over the year.

Current Valuations

At the current price of Rs 624.0, the price to earnings (P/E) ratio of AGRO TECH FOODS stands at 48.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.5 times.

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Related Views on News

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

Jan 24, 2019 | Updated on Jan 24, 2019

For the quarter ended December 2018, AGRO TECH FOODS has posted a net profit of Rs 100 m (up 10.4% YoY). Sales on the other hand came in at Rs 2 bn (up 0.4% YoY). Read on for a complete analysis of AGRO TECH FOODS's quarterly results.

AGRO TECH FOODS Announces Quarterly Results (2QFY19); Net Profit Up 5.6% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, AGRO TECH FOODS has posted a net profit of Rs 91 m (up 5.6% YoY). Sales on the other hand came in at Rs 2 bn (up 7.0% YoY). Read on for a complete analysis of AGRO TECH FOODS's quarterly results.

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