Hot Pursuit     27-Apr-12
Agro Tech Foods gains after good Q4 earnings
Agro Tech Foods rose 2.05% to Rs 485.95 at 10:07 IST on BSE after net profit rose 11.5% to Rs 12.22 crore on 1.4% decline in net sales to Rs 174.76 crore in Q4 March 2012 over Q4 March 2011.

The company announced the results after market hours on Thursday, 26 April 2012.

Meanwhile, the BSE Sensex was up 62.96 points or 0.37% to 17,193.63.

On BSE, 1,218 shares were traded in the counter as against average daily volume of 6,359 shares in the past one quarter.

The stock hit a high of Rs 490 and a low of Rs 482.05 so far during the day. The stock had hit a 52-week high of Rs 517 on 23 April 2012. The stock had hit a 52-week low of Rs 335 on 6 May 2011.

The stock had outperformed the market over the past one month till 26 April 2012, rising 8.63% compared with the Sensex's 0.46% gain. The scrip had also outperformed the market in past one quarter, surging 12.06% as against Sensex's 0.31% gain.

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

Agro Tech Foods' net profit rose 13.7% to Rs 36.14 crore on 2.3% decline in net sales to Rs 702.14 crore in the year ended 31 March 2012 over the year ended 31 March 2011. Consolidated net profit rose 14% to Rs 36.27 crore on 2.3% decline in net sales to Rs 702.14 crore in the year ended 31 March 2012 over the year ended 31 March 2011.

Agro Tech Foods' board of directors at a meeting held on Thursday, 26 April 2012, recommended a dividend of Rs 1.75 per share for the year ended March 2012.

Agro Tech Foods is engaged in the business of marketing food and food ingredients to consumers and institutional customers. ConAgra Foods Inc., which is one of the world's largest food companies, holds 51.77% stake in Agro Tech Foods through its affiliate CAG Tech Mauritius.

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