AVANTI FEEDS Announces Quarterly Results (2QFY20); Net Profit Up 130.0%

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AVANTI FEEDS Announces Quarterly Results (2QFY20); Net Profit Up 130.0%
Fri, 25 Oct

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

AVANTI FEEDS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m7,54510,93510,643-2.7%41.1%
Other incomeRs m11618021016.4%80.9%
TurnoverRs m7,66111,11510,853-2.4%41.7%
ExpensesRs m6,8249,5679,353-2.2%37.1%
Gross profitRs m7281,3681,290-5.7%77.2%
DepreciationRs m9092975.5%8.0%
InterestRs m642-42.7%-62.2%
Profit before taxRs m7481,4521,400-3.6%87.3%
TaxRs m197438133-69.7%-32.5%
Profit after taxRs m5511,0141,26725.0%130.0%
Gross profit margin%9.612.512.1
Effective tax rate%26.330.29.5
Net profit margin%7.29.111.7
* 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 41.1% on a year-on-year (YoY) basis. The expenses were up by 37.1% YoY during the same period.
  • The company's operating profit increased by 77.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.1% in 2QFY20 as against 9.6% in 2QFY19.
  • Depreciation charges increased by 8.0% and finance costs declined by 62.2% YoY, respectively.
  • Other income increased by 80.9% YoY during the quarter.
  • Net profit for the quarter increased by 130.0% YoY. Net profit margins during the quarter increased from 7.2% in 2QFY19 to 11.7% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.2% QoQ during the same period.
  • The company's operating profit declined by 5.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.1% in 2QFY20 as against 12.5% in 1QFY19.
  • Net profit for the quarter increased by 25.0% QoQ, while net profit margins increased from 9.1% in 1QFY19 to 11.7% in 2QFY20.

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 379.9 to Rs 444.6, registering a Gain of Rs 64.7 or around 17.0%.

Overall, the S&P BSE SENSEX is up 14.6% over the year.

Current Valuations

At the current price of Rs 444.6, the price to earnings (P/E) ratio of AVANTI FEEDS stands at 15.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.0 times.

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