Small-cap FMCG company ADF Foods closed on Friday at a market value of Rs. 1,669.60 crores. ADF Foods is a well-known food manufacturer with operations in over 55 countries. ADF Foods Limited records its best ever annual revenue and profit on a stand-alone basis, as well as strong growth in both EBITDA and PAT margin.
During Q4 FY23, the company recorded standalone revenue from operations of 98.2 crores an increase of 19.0% 82.4 Cr in Q4FY22 while its revenue in FY23 was 353.3 crores an increase of 17.0% 302.0 Cr in FY22.
The company said that its standalone Ebitda has reached 28.3 Cr in Q4FY23 up by 99.8% YoY 14.1 Cr was recorded during the year-ago quarter, while its EBITDA in FY23 stood at 44.1% more than 76.8 crores 53.3 Cr was recorded in FY22. EBITDA grew from 17.2% in Q4FY22 to 28.8% in Q4FY23 and from 17.6% in FY22 to 21.7% in FY23.
ADF Foods said its standalone net profit has reached 20.3 crore in the quarter ending March 2023, an increase of 71.8% 11.8 Cr was recorded during the year-ago quarter while its net profit in FY23 was 44.6% increase from 60.0 million 41.5 cr was recorded in FY22. The company said its PAT margin expanded from 14.3% in Q4FY22 to 20.7% in Q4FY23 and from 13.7% in FY22 to 17.0% in FY23.
Its consolidated revenue grew by 13.8% to Rs. 123.1 Cr yoy in Q4 FY23, while EBITDA and PAT grew by 73.2% and 42.6% yoy respectively to Rs. 26.5 crores and Rs. 16.1 cr.
ADF Foods said in a statement that it “recorded the highest standalone annual revenue, EBITDA and PAT with strong expansion in EBITDA and PAT margin. This is the highest standalone PAT margin on a quarterly and annual basis in the company’s history.”
ADF Foods said that its flagship brand ‘Ashoka’ has now crossed Rs. 200 Crore in revenue, growing at a CAGR of 33.2% over the last 2 years.
ADF Foods said that its board of directors has recommended a dividend of Rs. 5/- per share and approved a sub-division of the Equity Shares of the Company having a face value of Rs. 10/- each in shares of face value of Rs. 2/- each.
ADF Foods shares closed on NSE on Friday down 1.62% from previous close of 759 771.50. The stock touched a 52-week high at 958.30 (13-Dec-2022) and at 52-week low 650.00 on (20-Jun-2022). During Q4FY23, the company reported promoter shareholding of 36.50%, FII shareholding of 9.38%, DII shareholding of 7.88% and public shareholding of 46.24%. As per the shareholding pattern of ADF Foods, veteran investor Ashish Kacholia held 2,27,605 shares or 1.04% stake in the company.
Know your inner investor
Do you have guts of steel or are you a victim of insomnia regarding your investments? Let’s define your investment approach.
catch all business News, market news, today’s fresh news events and Breaking News Update on Live Mint. download mint news app To get daily market updates.