ADF Foods, makers an array of traditional ethnic Indian, spicy Mexican and exotic Mediterranean foods, which had closed yesterday at Rs.196.20, opened 5% higher today at Rs.206, hitting the 5% UC.

The company posted a very good set of earnings for Q4FY20. Its total income rose 24% (YoY) to Rs.86 crore, on the back of which its net profit showed a sharp jump of 320% at Rs.13 crore.

EBITDA was up 11% at Rs.19.5 crore while margins showed pressure, coming down from 25.4% to 22.8%.

The company’s total expenses as a percentage of total revenue was down from 91% to 79%.

It ended FY20 with a 20% rise in total income at Rs.295 crore and net profit at Rs.43 crore, up 69%.

Total debt as on 31st Mar 2020 stood at Rs. 23 crore, which constitutes short-term borrowings. Total cash/ cash equivalents and bank balance stood at Rs. 37 crore.