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AVANTI FEEDS Announces Quarterly Results (1QFY19); Net Profit Down 39.3%

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AVANTI FEEDS Announces Quarterly Results (1QFY19); Net Profit Down 39.3%
Tue, 7 Aug

AVANTI FEEDS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

AVANTI FEEDS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m9,9828,34310,40224.7%4.2%
Other incomeRs m6215188-41.8%42.3%
TurnoverRs m10,0448,49410,49023.5%4.4%
ExpensesRs m7,7327,1689,08226.7%17.5%
Gross profitRs m2,2501,1671,37217.6%-39.0%
DepreciationRs m41778712.8%114.6%
InterestRs m62481.1%-39.7%
Profit before taxRs m2,2651,2381,36910.6%-39.5%
TaxRs m77738446621.1%-40.0%
Profit after taxRs m1,4888549045.8%-39.3%
Gross profit margin%22.514.013.2
Effective tax rate%34.331.034.0
Net profit margin%14.810.18.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 4.2% on a year-on-year (YoY) basis. The expenses were up by 17.5% YoY during the same period.
  • The company's operating profit declined by 39.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.2% in 1QFY19 as against 22.5% in 1QFY18.
  • Depreciation charges and finance costs increased by 114.6% YoY and 39.7% YoY, respectively.
  • Other income increased by 42.3% YoY during the quarter.
  • Net profit for the quarter declined by 39.3% YoY. Net profit margins during the quarter declined from 14.8% in 1QFY18 to 8.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 24.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 26.7% QoQ during the same period.
  • The company's operating profit declined by 17.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.2% in 1QFY19 as against 14.0% in 4QFY18.
  • Net profit for the quarter increased by 5.8% QoQ, while net profit margins declined from 10.1% in 4QFY18 to 8.6% in 1QFY19.

To see how AVANTI FEEDS has performed over the last eight quarters, please visit here.

AVANTI FEEDS Share Price Performance

Over the last one year, AVANTI FEEDS share price has moved up from Rs 600.5 to Rs 483.4, registering a Loss of Rs 117.1 or around 19.5%.

Overall, the S&P BSE SENSEX is up 0.1% over the year.

Current Valuations

At the current price of Rs 483.4, the price to earnings (P/E) ratio of AVANTI FEEDS stands at 16.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.4 times.

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For the quarter ended December 2018, AVANTI FEEDS has posted a net profit of Rs 852 m (down 18.9% YoY). Sales on the other hand came in at Rs 8 bn (up 18.2% YoY). Read on for a complete analysis of AVANTI FEEDS's quarterly results.

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For the quarter ended September 2018, AVANTI FEEDS has posted a net profit of Rs 551 m (down 56.5% YoY). Sales on the other hand came in at Rs 8 bn (down 11.6% YoY). Read on for a complete analysis of AVANTI FEEDS's quarterly results.

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