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Agrotech Foods Ltd reported a 12% YoY and QoQ increase in topline growth on account of increase in sales volumes (especially foods business) during the quarter. However, EBITDA degrew by 11% YoY to `165mn from `186mn led by higher operating costs while operating margins reduced by 186bps to 7.2% in Q2FY21. Drop in EBITDA and EBITDA margins was due to RM inflation in edible oil basket, higher advertising spends and other expenses. PAT degrew by 42% to `89mn and PAT margins dropped to 3.9% over the same period on the back of lower operating profit and other income. Other Income saw a...
Sundrop Brands Ltd.'s price crossed above 100Day SMA today
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