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DFM Foods Q4FY16 standalone net profit jumps four fold yoy to Rs.11.62 crore : Beats Estimates

The company’s standalone revenue stood at Rs. 122.97 crore, up 44.42% yoy and 21.37% qoq.

May 11, 2016 6:35 IST | India Infoline News Service
DFM Foods
DFM Foods, maker of packaged snacks, reported standalone net profit of Rs. 11.62 crore for the quarter ended March 31, 2016, registering growth of 316.49% yoy and 76.33% qoq. The company’s revenue stood at Rs. 122.97 crore, up 44.42% yoy and 21.37% qoq.

Its standalone core operating profit of Rs. 18.60 crore for the quarter, clocked growth of 77.48% yoy and 46.69% qoq. Operating profit margin for the current quarter at 15.13% expanded by 282 bps yoy and 262 bps qoq.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 25.04 crore, growing by 127.43% yoy. Its standalone revenue for the period stood at Rs. 389.51 crore, registering growth of 34.66% yoy.

DFM Foods core operating profit stood at Rs. 47.09 crore, recording growth of 53.29% yoy. Operating margin for the current period at 12.82% expanded by 220 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results Bloomberg Estimates Variance (%)
Standalone Revenue 122.97 114 7.87
Standalone Net Profit 11.62 7.02 65.53

Standalone EPS for the quarter stood at Rs. 11.61.

Corporate Action: DFM Foods at its meeting held on May 11, 2016 have recommended the payment of dividend of Rs. 5.00 per fully paid-up equity share of Rs. 10/- each for the year 2015-16. The dividend, if declared by the shareholders will be credited / despatched between August 02, 2016 and August 12, 2016.

Stock Commentary:

DFM Foods Ltd is currently trading at Rs. 1941, up by 144.5 points or 8.04% from its previous closing of Rs. 1796.5 on the BSE.

The scrip opened at Rs. 1900 and has touched a high and low of Rs. 1999 and Rs. 1900 respectively. So far 12127(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1796.5 crore.

The BSE group 'XC' stock of face value Rs. 10 has touched a 52 week high of Rs. 1879.25 on 11-May-2016 and a 52 week low of Rs. 352.1 on 21-May-2015. Last one week high and low of the scrip stood at Rs. 1879.25 and Rs. 1452 respectively.

The promoters holding in the company stood at 44.18 % while Institutions and Non-Institutions held 9.96 % and 45.86 % respectively.

The stock is currently trading below its 50 DMA.


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