ADF Foods reports 19.3% yoy growth in Q3 revenue; Stock trades flat

1 Feb 2022 , 09:53 AM

ADF Foods Limited announced results for the quarter ended December 2021 and reported stellar performance for the quarter.

Its scrip opened at Rs 851.50 against the previous closing price of Rs 865.20, down by Rs 1.58%. However, it touched an intraday high of Rs 888.50 so far and is currently trading at Rs 870.90, up by Rs 5.70 or 0.66%.

The company reported a total income of Rs 118.70 crore for Q3 FY’22 against Rs 99.50 crore for Q3 FY’21, reflecting a growth of 19.30% YoY. While total income for the 9M period ending December 2021 stood at Rs 318.70 crore as against Rs 270.80 crore for the quarter ending December 2020, showing growth of 17.7% YoY.

Its PAT stood at Rs 13.60 crore for Q3 FY’22 as against Rs 13.90 crore for Q3 FY’21, down by 2.2% YoY. Its PAT for the 9M period ending December 2021 stood at Rs 37.20 crore against Rs 35.10 crore for the previous corresponding 9M period, reflecting a growth of 6% YoY.

The company’s EBITDA stood at Rs 20 crores for Q3 FY’22. While EBITDA margin for the quarter ended December 2021 stood at 16.9% against a margin of 20.1% for the quarter ending December 2020. EBITDA for the period was Rs.55.5 Cr, compared to Rs 51.6 Cr in 9MFY21, up by 7.4% YoY.

Better sales mix and price increases led to margin improvement at GP level, GP margins improved sequentially and annually to 54.5% in Q3FY22 compared to 42.5% in Q3FY21.