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- AGRO TECH FOODS Announces Quarterly Results (2QFY20); Net Profit Up 69.7%
AGRO TECH FOODS Announces Quarterly Results (2QFY20); Net Profit Up 69.7%
Wed, 6 Nov
AGRO TECH FOODS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:
AGRO TECH FOODS Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-18* | 3 Jun-19* | 3 Sep-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 2,109 | 1,976 | 2,046 | 3.5% | -3.0% |
| Other income | Rs m | 8 | 11 | 11 | 4.6% | 46.8% |
| Turnover | Rs m | 2,117 | 1,987 | 2,057 | 3.5% | -2.8% |
| Expenses | Rs m | 1,931 | 1,830 | 1,860 | 1.6% | -3.7% |
| Gross profit | Rs m | 178 | 146 | 186 | 27.3% | 4.4% |
| Depreciation | Rs m | 45 | 46 | 49 | 6.6% | 8.0% |
| Interest | Rs m | 0 | 5 | 5 | 0.0% | 4400.0% |
| Profit before tax | Rs m | 141 | 107 | 144 | 35.0% | 2.5% |
| Tax | Rs m | 50 | 37 | -10 | -127.0% | -119.8% |
| Profit after tax | Rs m | 91 | 70 | 154 | 119.5% | 69.7% |
| Gross profit margin | % | 8.4 | 7.4 | 9.1 | ||
| Effective tax rate | % | 35.5 | 34.3 | -6.9 | ||
| Net profit margin | % | 4.3 | 3.5 | 7.5 |
* Results Consolidated
Interim results exclude extraordinary / exceptional items
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 3.0% on a year-on-year (YoY) basis. The expenses were down by 3.7% YoY during the same period.
- The company's operating profit increased by 4.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.1% in 2QFY20 as against 8.4% in 2QFY19.
- Depreciation charges increased by 8.0% and finance costs increased by 4400.0% YoY, respectively.
- Other income increased by 46.8% YoY during the quarter.
- Net profit for the quarter increased by 69.7% YoY. Net profit margins during the quarter increased from 4.3% in 2QFY19 to 7.5% in 2QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 3.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.6% QoQ during the same period.
- The company's operating profit increased by 27.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.1% in 2QFY20 as against 7.4% in 1QFY19.
- Net profit for the quarter increased by 119.5% QoQ, while net profit margins increased from 3.5% in 1QFY19 to 7.5% in 2QFY20.
To see how AGRO TECH FOODS has performed over the last eight quarters,please visit here.
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AGRO TECH FOODS Share Price Performance
Over the last one year,AGRO TECH FOODS share price has moved up from Rs 525.0 to Rs 612.7, registering a Gain of Rs 87.7 or around 16.7%.
Overall, the S&P BSE SENSEX is up 14.6% over the year.
Current Valuations
At the current price of Rs 612.7, the price to earnings (P/E) ratio of AGRO TECH FOODS stands at 36.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.