AVANTI FEEDS Announces Quarterly Results (1QFY20); Net Profit Up 12.2%

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AVANTI FEEDS Announces Quarterly Results (1QFY20); Net Profit Up 12.2%
Mon, 22 Jul

AVANTI FEEDS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

AVANTI FEEDS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m10,4028,57710,93527.5%5.1%
Other incomeRs m88195180-7.4%105.1%
TurnoverRs m10,4908,77111,11526.7%6.0%
ExpensesRs m9,0827,6439,56725.2%5.3%
Gross profitRs m1,3729341,36846.5%-0.3%
DepreciationRs m8790922.1%5.7%
InterestRs m4114-63.5%8.0%
Profit before taxRs m1,3691,0271,45241.4%6.1%
TaxRs m46626343866.3%-5.9%
Profit after taxRs m9047641,01432.8%12.2%
Gross profit margin%13.210.912.5
Effective tax rate%34.025.630.2
Net profit margin%8.68.79.1
* 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 5.1% on a year-on-year (YoY) basis. The expenses were up by 5.3% YoY during the same period.
  • The company's operating profit declined by 0.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 12.5% in 1QFY20.
  • Depreciation charges increased by 5.7% and finance costs increased by 8.0% YoY, respectively.
  • Other income increased by 105.1% YoY during the quarter.
  • Net profit for the quarter increased by 12.2% YoY. Net profit margins during the quarter increased from 8.6% in 1QFY19 to 9.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 27.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 25.2% QoQ during the same period.
  • The company's operating profit increased by 46.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.5% in 1QFY20 as against 10.9% in 4QFY19.
  • Net profit for the quarter increased by 32.8% QoQ, while net profit margins increased from 8.7% in 4QFY19 to 9.1% in 1QFY20.

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 down from Rs 430.4 to Rs 327.5, registering a Loss of Rs 102.9 or around 23.9%.

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 327.5, the price to earnings (P/E) ratio of AVANTI FEEDS stands at 14.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

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