Agro Tech Foods slides as Q2 net profit boosted by other income

Agro Tech Foods lost 3.47% to Rs 500 at 15:05 IST on BSE after net profit rose 41.33% to Rs 7.25 crore on 2.92% rise in total income to Rs 205.39 crore in Q2 September 2016 over Q2 September 2015.

The net profit was boosted by other income of Rs 4.23 crore in Q2 September 2016 as compared with nil other income in Q2 September 2015. The result was announced after market hours yesterday, 19 October 2016.

Meanwhile, the S&P BSE Sensex was up 142.13 points or 0.51% at 28,126.50

On BSE, so far 3,540 shares were traded in the counter as against average daily volume of 7,619 shares in the past one quarter. The stock hit a high of Rs 523.80 and a low of Rs 497 so far during the day. The stock had hit a 52-week high of Rs 615 on 26 October 2015. The stock had hit a 52-week low of Rs 445.30 on 17 February 2016. The stock had outperformed the market over the past 30 days till 19 October 2016, falling 1.46% compared with 1.89% decline in the Sensex. The scrip also outperformed the market in past one quarter, rising 3.59% as against Sensex's 0.99% rise.

The small-cap company has equity capital of Rs 24.37 crore. Face value per share is Rs 10.

Agro Tech Foods is engaged in the business of marketing food and food ingredients to consumers and institutional customers.

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