LT Foods reported numbers in line with expectation for the quarters Q4FY21 By Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on LT Foods reported numbers in line with expectation for the quarters Q4FY21 by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
LT Foods Limited reported total revenue from operations at ₹1129 Crores down by 5.7% YoY from ₹1198 crores in Q4FY20. Company reported EBITDA margins at 10.7% and EBITDA of ₹120.7 Crores in Q4FY21. Company reported profit before tax for the quarter at ₹88 crores in Q4FY21 as compared to 82.5 crores in Q4FY20. Profit after tax for the quarter at ₹61.6 crores in Q4FY21 as compared to ₹58 crores in Q4FY20 which is in line with market expectation.
LT Foods Limited reported numbers in line with expectations, Revenue growth has come down a little but gross margins are very strong, company reported Gross margins at 30.7% up by 535 Bps. We continue with BUY rating on LT Foods Limited with target price of ₹120.
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