Saturday, January 28, 2012

IFB Agro Industries Ltd - QTRLY RESULTS - Q3 FY 2012 - 3rd Q/E DEC, 2011 - NET SALES UP 13.26%; NPT UP 137.37% YoY


IFB Agro Industries Limited

NSE Symbol        IFBAGRO

IFB AGRO INDUSTRIES LTD   has declared reasonable results for third quarter ending Dec, 2011.

Net Sales stands at Rs.120.97 Cr –  Down by  (-)31.76% from Q2 FY 12; down by (-)11.1% from Q1 FY 12;but up by  13.26% from Q3 FY 11.

Total Expenditure stands at Rs.112.47 Cr – down by   (-)33.04% from Q2 FY 12; down by  (-)10.39% from Q1 FY 12; but up by  7.24% from Q3 FY 11.

Profit from Operations stands at Rs.12.38 Cr – down by  (-)2.71% from Q2 FY 12; down by (-)9.5% from Q1 Fy 12; but up by a huge 126.61% from Q3 FY 11. This is due to the LESS THAN PROPORTIONATE growth in expenditure compared to Net sales.

Profit before tax stands at Rs.12.37 Cr – down by (-)6.26% from Q2 FY 12; down by  (-)9.15% from Q1 FY 12; but up by  131.93% from Q3 FY 11.

Tax expense stands at Rs.4.14 cr – down by (-)1.68% from Q2 FY 12; down by  (-)9.37% from Q1 FY 12; but up by  121.82% from Q3 FY 11.

Net Profit  stands at Rs.8.23 cr in Q3 FY 12 – compared to Rs.8.99 cr in Q2 FY 12 (down by  -8.4%);Rs.9.05 Cr in Q1 FY 12 (down by -9.04%); and Rs.3.47 Cr in Q3 FY 11 (Up by 137.37%).

On a Face Value of Rs.10, the Basic EPS   stands at Rs.10.28 in Q3 FY 12; Rs.11.23 in Q2 FY 12; Rs.11.31 in Q1 FY 12; and Rs.4.33 in Q3 FY 11.

On this basis, the annual EPS may amount to Rs.43.1

The current Market Price is Rs. 157.50,  While the 52 week high price is Rs.179.85 and the 52 week low price  is Rs.58.25.

The PE Ratio comes to 3.65.

RESULTS TABLE :

IFB AGRO
31-Dec-11
30-Sep-11
%DIF1
30-Jun-11
%DIF2
31-Dec-10
%DIF3
Net Sales
12096.78
17726.89
-31.76
13607.05
-11.1
10680.32
13.26
Other Oprting Income
387.72
340.47
13.88
310.9
24.71
352.84
9.89
Increase in SIT / WIP
-210.54
-195.86
7.5
-75.94
177.3
-214.8
-1.98
Raw Materials
5043.34
7041.2
-28.37
4472.17
12.77
5390.29
-6.44
Traded Goods
767.08
3893.98
-80.3
2850.53
-73.09
690.45
11.1
Employees Cost
572.27
604.01
-5.25
482.72
18.55
446.81
28.08
Depreciation
238.15
217.78
9.35
214.06
11.25
204.35
16.54
Other Expenditure
4836.37
5233.91
-7.6
4606.61
4.99
3969.81
21.83
Total Expenditure
11246.67
16795.02
-33.04
12550.15
-10.39
10486.91
7.24
Profit from Operations
1237.83
1272.34
-2.71
1367.8
-9.5
546.25
126.61
Other Income
6.42
63.27
-89.85
-

23.34
-72.49
Interest
7.21
16.03
-55.02
6.21
16.1
36.23
-80.1
Profit before tax
1237.04
1319.58
-6.26
1361.59
-9.15
533.36
131.93
Tax expense
413.58
420.65
-1.68
456.33
-9.37
186.45
121.82
Net Profit
823.46
898.93
-8.4
905.26
-9.04
346.91
137.37
Face Value.Rs
10
10
0
10
0
10
0
Paid Up Equity
800.71
800.71
0
800.71
0
800.71
0
Basic EPS
10.28
11.23
-8.46
11.31
-9.11
4.33
137.41
Public holding (%)
44.99
44.99
0
44.99
0
44.99
0

FROM ANNUAL REPORT FOR FY 2011 :

sales and other Income was Rs.58,47,788,000 in FY 11 (against Rs.41,95,568,000 in FY10) recording a Growth of 39%.

Profit After Tax was Rs.1,78,241,000 in FY 11 (against Rs.44,245,000 in FY 10). The release of transport Cost of 2008-09 by West Bengal Govt helped in improving profits. EPS was Rs.22.26 in FY 11 against Rs.5.53 in FY 10. There are problems in sourcing raw material  like husk - for the distillery.

A new bottling plant has been established at panagarh, WB.Receipt of necessary license from WB Govt was pending. Removal of privilege area concept is expected to increase competition.

Marine Products division is improving its sales and profits well.

Company did not recommend any dividend for FY 11. It foresees some tough challenges and some opportunities too - in FY 12.


*   *   *    E  N  D   *   *   *

2 comments:

  1. to complement, what you have written, a technical view on IFB agro , visit on
    http://arthaplanner.com/Technical-Details-ifbagro

    ReplyDelete
  2. Thanks Sanjeev, for the Info. I will visit the Blog

    ReplyDelete