AVANTI FEEDS Announces Quarterly Results (2QFY19); Net Profit Down 56.5%

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AVANTI FEEDS Announces Quarterly Results (2QFY19); Net Profit Down 56.5%
Mon, 12 Nov

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

AVANTI FEEDS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m8,54010,4027,545-27.5%-11.6%
Other incomeRs m1088811632.0%7.5%
TurnoverRs m8,64810,4907,661-27.0%-11.4%
ExpensesRs m6,6749,0826,824-24.9%2.3%
Gross profitRs m1,8751,372728-47.0%-61.2%
DepreciationRs m4987903.3%83.1%
InterestRs m124663.8%-50.0%
Profit before taxRs m1,9221,369748-45.4%-61.1%
TaxRs m656466197-57.8%-70.0%
Profit after taxRs m1,266904551-39.0%-56.5%
Gross profit margin%22.013.29.6
Effective tax rate%34.134.026.3
Net profit margin%14.68.67.2
* 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 11.6% on a year-on-year (YoY) basis. The expenses were up by 2.3% YoY during the same period.
  • The company's operating profit declined by 61.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.6% in 2QFY19 as against 22.0% in 2QFY18.
  • Depreciation charges increased by 83.1% and finance costs declined by 50.0% YoY, respectively.
  • Other income increased by 7.5% YoY during the quarter.
  • Net profit for the quarter declined by 56.5% YoY. Net profit margins during the quarter declined from 14.6% in 2QFY18 to 7.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 27.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 24.9% QoQ during the same period.
  • The company's operating profit declined by 47.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.6% in 2QFY19 as against 13.2% in 1QFY18.
  • Net profit for the quarter declined by 39.0% QoQ, while net profit margins declined from 8.6% in 1QFY18 to 7.2% in 2QFY19.

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 960.7 to Rs 379.4, registering a Loss of Rs 581.4 or around 60.5%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 379.4, the price to earnings (P/E) ratio of AVANTI FEEDS stands at 15.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.0 times.

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