ADF Foods Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 08, 2022 at 11:00 am EST
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ADF Foods Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 1,067.44 million compared to INR 1,097.5 million a year ago. Revenue was INR 1,106.2 million compared to INR 1,102.63 million a year ago. Net income was INR 135.76 million compared to INR 124.27 million a year ago. Basic earnings per share from continuing operations was INR 1.236 compared to INR 1.242 a year ago. Diluted earnings per share from continuing operations was INR 1.236 compared to INR 1.18 a year ago.
For the six months, sales was INR 2,039.42 million compared to INR 1,959.43 million a year ago. Revenue was INR 2,119.75 million compared to INR 1,999.63 million a year ago. Net income was INR 212.45 million compared to INR 235.64 million a year ago. Basic earnings per share from continuing operations was INR 1.948 compared to INR 2.362 a year ago. Diluted earnings per share from continuing operations was INR 1.948 compared to INR 2.242 a year ago.
ADF Foods Limited is an India-based company, which is engaged in the business of Meal Accompaniments, Canned Food & Ready to eat, and Frozen Foods. The Company's product portfolio includes ready-to-eat food, ready-to-cook food, frozen food, frozen vegetables, cooking pastes, and food accompaniments, such as pickles, sauces and chutneys. The Company's portfolio of brands includes Ashoka, Truly Indian, Camel, Aeroplane, ADF Soul, Nateâs, and PJâs Organics. The Company's Meal Accompaniment products include Dipping Sauces, such as twisty tamarind, tango mango, spicy schezwan, and chatpata achari. Its Chutneys in olive oil products include coriander chutney, mint chutney, pani puri concentrate, sandwich chutney, and tamarind chutney. It also provides Pickles in Olive Oil, Traditional Pickles, and Mango Chutneys. The Company's Frozen products include Frozen samosas, Frozen Kathi rolls, Frozen dosa wraps, Frozen snacks and Ponk. The Company also provides baked snacks and flavored milk drinks.