ADF Foods net jumps 55%
The total income has increased 9.80% from Rs 99.67 crore to Rs 109.44 crore.
By ET Online |
New Delhi: ADF Foods Ltd has recorded a jump of 55% in PAT to Rs 15.81 crore for the FY ended March 31, 2010, compared to Rs 10.20 crore for the FY ended March 31, 2009.
The total income has increased 9.80% from Rs 99.67 crore to Rs 109.44 crore. EBIDTA margins have improved from 19.41% in FY 2009 to 23.41% in FY 2010. Net profit margins have improved from 10.23% to 14.45%.
The earning per share for FY 2010 stands at Rs 8.33 compared to Rs 5.54 in FY 2009. The board of directors has proposed dividend at the rate of 15%.
Bimal Thakkar, MD, ADF Foods Ltd, said, “The improvement in the net margin is mainly due to better product mix, forex gains, improved cost efficiencies and decline in the finance cost. Going forward, we are cautiously optimistic of growth in this financial year. Globally markets are showing some signs of recovery and with our entry in the Indian market, we expect the overall growth to be around 20%.”
The total income has increased 9.80% from Rs 99.67 crore to Rs 109.44 crore. EBIDTA margins have improved from 19.41% in FY 2009 to 23.41% in FY 2010. Net profit margins have improved from 10.23% to 14.45%.
The earning per share for FY 2010 stands at Rs 8.33 compared to Rs 5.54 in FY 2009. The board of directors has proposed dividend at the rate of 15%.
Bimal Thakkar, MD, ADF Foods Ltd, said, “The improvement in the net margin is mainly due to better product mix, forex gains, improved cost efficiencies and decline in the finance cost. Going forward, we are cautiously optimistic of growth in this financial year. Globally markets are showing some signs of recovery and with our entry in the Indian market, we expect the overall growth to be around 20%.”
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