AGRO TECH FOODS Announces Quarterly Results (4QFY19); Net Profit Up 11.0%
Thu, 25 Apr

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

AGRO TECH FOODS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,1442,1542,002-7.1%-6.6%
Other incomeRs m51311-18.2%125.0%
TurnoverRs m2,1492,1672,013-7.1%-6.4%
ExpensesRs m1,9881,9741,855-6.0%-6.6%
Gross profitRs m157180146-18.7%-6.7%
DepreciationRs m444038-6.2%-13.5%
InterestRs m0000.0%50.0%
Profit before taxRs m118153119-21.9%1.1%
TaxRs m435336-32.6%-16.4%
Profit after taxRs m7510084-16.2%11.0%
Gross profit margin%7.38.47.3
Effective tax rate%36.234.729.9
Net profit margin%3.54.64.1
* 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 fell 6.6% on a year-on-year (YoY) basis. The expenses were down by 6.6% YoY during the same period.
  • The company's operating profit declined by 6.7% YoY during the quarter. Consequently, operating profit margins remained same and stood at 7.3% in 4QFY19.
  • Depreciation charges declined by 13.5% and finance costs increased by 50.0% YoY, respectively.
  • Other income increased by 125.0% YoY during the quarter.
  • Net profit for the quarter increased by 11.0% YoY. Net profit margins during the quarter increased from 3.5% in 4QFY18 to 4.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.0% QoQ during the same period.
  • The company's operating profit declined by 18.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.3% in 4QFY19 as against 8.4% in 3QFY18.
  • Net profit for the quarter declined by 16.2% QoQ, while net profit margins declined from 4.6% in 3QFY18 to 4.1% in 4QFY19.

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 781.5 to Rs 580.0, registering a Loss of Rs 201.5 or around 25.8%.

Overall, the S&P BSE SENSEX is up 11.9% over the year.

Current Valuations

At the current price of Rs 580.0, the price to earnings (P/E) ratio of AGRO TECH FOODS stands at 41.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.2 times.