AVANTI FEEDS Announces Quarterly Results (3QFY19); Net Profit Down 18.9%

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AVANTI FEEDS Announces Quarterly Results (3QFY19); Net Profit Down 18.9%
Mon, 11 Feb

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

AVANTI FEEDS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m7,0647,5458,35310.7%18.2%
Other incomeRs m16211614020.4%-13.6%
TurnoverRs m7,2267,6618,49310.9%17.5%
ExpensesRs m5,5286,8247,2576.3%31.3%
Gross profitRs m1,5317281,09750.7%-28.4%
DepreciationRs m7090900.1%28.7%
InterestRs m965-11.6%-41.0%
Profit before taxRs m1,6147481,14152.6%-29.3%
TaxRs m56319728946.9%-48.7%
Profit after taxRs m1,05155185254.6%-18.9%
Gross profit margin%21.79.613.1
Effective tax rate%34.926.325.3
Net profit margin%14.57.210.0
* 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 18.2% on a year-on-year (YoY) basis. The expenses were up by 31.3% YoY during the same period.
  • The company's operating profit declined by 28.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.1% in 3QFY19 as against 21.7% in 3QFY18.
  • Depreciation charges increased by 28.7% and finance costs declined by 41.0% YoY, respectively.
  • Other income declined by 13.6% YoY during the quarter.
  • Net profit for the quarter declined by 18.9% YoY. Net profit margins during the quarter declined from 14.5% in 3QFY18 to 10.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.3% QoQ during the same period.
  • The company's operating profit increased by 50.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.1% in 3QFY19 as against 9.6% in 2QFY18.
  • Net profit for the quarter increased by 54.6% QoQ, while net profit margins increased from 7.2% in 2QFY18 to 10.0% in 3QFY19.

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 811.8 to Rs 335.9, registering a Loss of Rs 475.9 or around 58.6%.

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 335.9, the price to earnings (P/E) ratio of AVANTI FEEDS stands at 14.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.

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