Prataap Snacks Ltd. (PSL), (BSE- 540724), (NSE- DIAMONDYD) a leading Indian Snack Foods Company has announced its financial results for the quarter and nine months ended 31st December 2019:
In 9M FY20, PSL reported:
- Total revenue of Rs. 10,796.2 million, higher by 24.9% YoY
- Operating EBITDA of Rs. 799.7 million, translating to a margin of 7.4%
- Normalised EBITDA (after adjustment for share based compensation) of Rs. 816.3 million, translating to a margin of 7.6%
- PAT of Rs. 271.6 million at a margin of 2.5%
- EPS (Diluted) was Rs. 11.58 per share in 9MFY20
In Q3 FY20, PSL reported:
- Revenue of Rs. 3606.3 million, delivered strong double digit growth of 17.0% YoY
- Operating EBITDA of Rs. 216.1 million, translating to a margin of 6.0%
- Normalised EBITDA (after adjustment for stock based compensation) of Rs. 226.7 million, translating to a margin of 6.3%
- PAT stood at Rs. 55.2 million at a margin of 1.5%
- EPS (Diluted) was at Rs. 2.35 per share in Q3FY20
Commenting on the Q3 & 9M FY20 performance, Mr. Amit Kumat - MD, Prataap Snacks Limited said, "I am pleased to report that we have witnessed very strong revenue growth across our entire portfolio of savoury and sweet snacks, amidst the consumption slow down.
However, we have faced challenges on the margin front, owing to the sharp, unusual rise in Palm oil prices, which is a key input for our business. We are hopeful this unusual spike will cool off in the near term, which should restore our profitability going forward.
We continue to focus on cost-optimisation and process-engineering, in order to drive a higher bottomline, while keeping our revenues buoyant."
Shares of Prataap Snacks Ltd was last trading in BSE at Rs.810 as compared to the previous close of Rs. 820. The total number of shares traded during the day was 2 in over 2 trades.
The stock hit an intraday high of Rs. 810 and intraday low of 810. The net turnover during the day was Rs. 1620
In 9M FY20, PSL reported:
- Total revenue of Rs. 10,796.2 million, higher by 24.9% YoY
- Operating EBITDA of Rs. 799.7 million, translating to a margin of 7.4%
- Normalised EBITDA (after adjustment for share based compensation) of Rs. 816.3 million, translating to a margin of 7.6%
- PAT of Rs. 271.6 million at a margin of 2.5%
- EPS (Diluted) was Rs. 11.58 per share in 9MFY20
In Q3 FY20, PSL reported:
- Revenue of Rs. 3606.3 million, delivered strong double digit growth of 17.0% YoY
- Operating EBITDA of Rs. 216.1 million, translating to a margin of 6.0%
- Normalised EBITDA (after adjustment for stock based compensation) of Rs. 226.7 million, translating to a margin of 6.3%
- PAT stood at Rs. 55.2 million at a margin of 1.5%
- EPS (Diluted) was at Rs. 2.35 per share in Q3FY20
Commenting on the Q3 & 9M FY20 performance, Mr. Amit Kumat - MD, Prataap Snacks Limited said, "I am pleased to report that we have witnessed very strong revenue growth across our entire portfolio of savoury and sweet snacks, amidst the consumption slow down.
However, we have faced challenges on the margin front, owing to the sharp, unusual rise in Palm oil prices, which is a key input for our business. We are hopeful this unusual spike will cool off in the near term, which should restore our profitability going forward.
We continue to focus on cost-optimisation and process-engineering, in order to drive a higher bottomline, while keeping our revenues buoyant."
Shares of Prataap Snacks Ltd was last trading in BSE at Rs.810 as compared to the previous close of Rs. 820. The total number of shares traded during the day was 2 in over 2 trades.
The stock hit an intraday high of Rs. 810 and intraday low of 810. The net turnover during the day was Rs. 1620
