AVANTI FEEDS Announces Quarterly Results (1QFY21); Net Profit Up 14.1%

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AVANTI FEEDS Announces Quarterly Results (1QFY21); Net Profit Up 14.1%
Fri, 28 Aug

AVANTI FEEDS has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

AVANTI FEEDS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m10,93510,3489,554-7.7%-12.6%
Other incomeRs m180116274135.4%51.7%
TurnoverRs m11,11510,4649,828-6.1%-11.6%
ExpensesRs m9,5679,1028,263-9.2%-13.6%
Gross profitRs m1,3681,2461,2913.6%-5.7%
DepreciationRs m929694-1.7%2.1%
InterestRs m473-61.9%-35.7%
Profit before taxRs m1,4521,2601,46816.5%1.1%
TaxRs m43827331013.7%-29.2%
Profit after taxRs m1,0149871,15717.3%14.1%
Gross profit margin%12.512.013.5
Effective tax rate%30.221.721.1
Net profit margin%9.19.411.8
* 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 fell 12.6% on a year-on-year (YoY) basis. The expenses were down by 13.6% YoY during the same period.
  • The company's operating profit declined by 5.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.5% in 1QFY21 as against 12.5% in 1QFY20.
  • Depreciation charges increased by 2.1% and finance costs declined by 35.7% YoY, respectively.
  • Other income increased by 51.7% YoY during the quarter.
  • Net profit for the quarter increased by 14.1% YoY. Net profit margins during the quarter increased from 9.1% in 1QFY20 to 11.8% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.2% QoQ during the same period.
  • The company's operating profit increased by 3.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.5% in 1QFY21 as against 12.0% in 4QFY20.
  • Net profit for the quarter increased by 17.3% QoQ, while net profit margins increased from 9.4% in 4QFY20 to 11.8% in 1QFY21.

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

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AVANTI FEEDS Share Price Performance

Over the last one year,AVANTI FEEDS share price has moved up from Rs 309.7 to Rs 561.5, registering a Gain of Rs 251.8 or around 81.3%.

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 561.5, the price to earnings (P/E) ratio of AVANTI FEEDS stands at 19.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.3 times.

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Oct 28, 2020 02:10 PM

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