Agro Tech Foods Q2FY18 standalone net profit rises 23.4% yoy

India Infoline Research Team | October 25, 2017 17:24 IST

Agro Tech Foods Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 197 [2.4]
EBITDA 17.6 19.4
EBITDA Margin (%) 8.9 163
Net Profit (adjusted) 8.6 23.4
***EBITDA margin change is bps
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Reco. Price

513

Last updated on

23-Oct-2017


Agro Tech Foods’ standalone revenue for the quarter came in at Rs. 197 crore, registering 2.4% yoy decline.

EBITDA for the quarter rose by 19.4% yoy to Rs. 17.6 crore with a corresponding margin expansion of 163 bps. EBITDA margin for the quarter stood at 8.9%. This margin expansion was aided by 7% yoy decline in cost of materials consumed and favourable changes in inventories.

The PAT for the quarter came in at Rs. 8.6 crore, yoy increase of 23.4%. This was due to decline in interest expenses from Rs. 2.01 crore in Q2FY17 to Rs. 0.01 crore in Q2FY18. Also, increase in other income from Rs. 0.03 crore in Q2FY17 to Rs. 0.12 crore in Q2FY18 contributed to the same.



Technical View:

Agro Tech Foods Ltd is currently trading at Rs. 521.90, up by 8.85 points or 1.72% from its previous closing of Rs. 513.05 on the BSE.
The scrip opened at Rs. 520.90 and has touched a high and low of Rs. 523.90 and Rs. 510 respectively. So far 16,444(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 660.30 29.70 (4.71%)
NSE 664.55 31.20 (4.93%)

***Note: This is a NSE Chart

 

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