Agro Tech Foods: Q3FY14 Result Analysis
DSIJ Intelligence / 16 Jan 2014
Agro Tech Foods has not fared well on the topline front but it has managed to maintain its profitability at the same level as at the end of the corresponding period last year.
Agro Tech Foods has reported a mixed bag of numbers for Q3FY14. Its topline for the quarter came in at Rs 197.53 crore as against Rs 220.46 crore reported during the same quarter last fiscal witnessing a de-growth of 10.40%.
Though the topline remained depressed and in fact was on the losing end, the company has fared quite well on other parameters. The raw material cost on a YoY basis declined by 15.65% to stand at Rs 90.18 crore for Q3FY14. Also the raw material cost as a percentage of sales came down by 284 basis points on a YoY basis to stand at 45.65% for Q3FY14. On the EBITDA front, the company posted a growth of 4.22% on a YoY basis to stand at Rs 21.01 crore for the said period and also the EBITDA margins expanded by 149 basis points to stand at 10.64%.
On the bottomline front, the PAT remained flat at Rs 13.08 crore for Q3FY14 as against Rs 13.06 crore reported during the same quarter last year.
This is just a brief on the results. All the details pertaining to the volumes growth and others will be updated to our readers post the conference call of the company. Keep an eye on the space to know more on the results.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.