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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

Revealed: How to Get Rich with Just 3 Stocks

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.

Equitymaster requests your view! Post a comment on "AVANTI FEEDS Announces Quarterly Results (2QFY20); Net Profit Up 130.0%". Click here!

  

Related Views on News

AVANTI FEEDS Announces Quarterly Results (4QFY20); Net Profit Up 29.2% (Quarterly Result Update)

Jun 29, 2020 | Updated on Jun 29, 2020

For the quarter ended March 2020, AVANTI FEEDS has posted a net profit of Rs 987 m (up 29.2% YoY). Sales on the other hand came in at Rs 10 bn (up 20.7% YoY). Read on for a complete analysis of AVANTI FEEDS's quarterly results.

AVANTI FEEDS Announces Quarterly Results (3QFY20); Net Profit Down 30.7% (Quarterly Result Update)

Feb 5, 2020 | Updated on Feb 5, 2020

For the quarter ended December 2019, AVANTI FEEDS has posted a net profit of Rs 590 m (down 30.7% YoY). Sales on the other hand came in at Rs 9 bn (up 10.5% YoY). Read on for a complete analysis of AVANTI FEEDS's quarterly results.

AVANTI FEEDS 2018-19 Annual Report Analysis (Annual Result Update)

Sep 16, 2019 | Updated on Sep 16, 2019

Here's an analysis of the annual report of AVANTI FEEDS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of AVANTI FEEDS. Also includes updates on the valuation of AVANTI FEEDS.

MSTC IPO: Should You Bet on This State-Run E-Commerce Player? (IPO)

Mar 13, 2019

Should you subscribe to the IPO of MSPC Limited?

More Views on News

Most Popular

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

Large Opportunities Are Coming Our Way

Aug 5, 2020

Kenneth Andrade tells us why stocks will bounce back strongly and what he's bullish on.

Elon Musk Gives Us a Trading Opportunity(Fast Profits Daily)

Jul 28, 2020

Elon Musk made a statement recently which I believe, gives us a fast profit trading opportunity.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

AVANTI FEEDS SHARE PRICE


Aug 10, 2020 10:17 AM

TRACK AVANTI FEEDS

  • Track your investment in AVANTI FEEDS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

AVANTI FEEDS 5-YR ANALYSIS

COMPARE AVANTI FEEDS WITH

MARKET STATS