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

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?  

Markets will remain closed on 6th April, 2020 on account of Mahavir Jayanti.

AVANTI FEEDS Announces Quarterly Results (3QFY20); Net Profit Down 30.7%
Wed, 5 Feb

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

AVANTI FEEDS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m8,35310,6439,227-13.3%10.5%
Other incomeRs m140210196-6.6%40.3%
TurnoverRs m8,49310,8539,423-13.2%11.0%
ExpensesRs m7,2579,3538,593-8.1%18.4%
Gross profitRs m1,0971,290634-50.8%-42.2%
DepreciationRs m909791-6.3%1.1%
InterestRs m527192.2%25.0%
Profit before taxRs m1,1411,400732-47.7%-35.8%
TaxRs m2891331427.0%-50.8%
Profit after taxRs m8521,267590-53.4%-30.7%
Gross profit margin%13.112.16.9
Effective tax rate%25.39.519.4
Net profit margin%10.011.76.3
* 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 10.5% on a year-on-year (YoY) basis. The expenses were up by 18.4% YoY during the same period.
  • The company's operating profit declined by 42.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.9% in 3QFY20 as against 13.1% in 3QFY19.
  • Depreciation charges increased by 1.1% and finance costs increased by 25.0% YoY, respectively.
  • Other income increased by 40.3% YoY during the quarter.
  • Net profit for the quarter declined by 30.7% YoY. Net profit margins during the quarter declined from 10.0% in 3QFY19 to 6.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 13.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.1% QoQ during the same period.
  • The company's operating profit declined by 50.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.9% in 3QFY20 as against 12.1% in 2QFY19.
  • Net profit for the quarter declined by 53.4% QoQ, while net profit margins declined from 11.7% in 2QFY19 to 6.3% in 3QFY20.

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

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now
AVANTI FEEDS Share Price Performance

Over the last one year,AVANTI FEEDS share price has moved up from Rs 324.8 to Rs 584.0, registering a Gain of Rs 259.2 or around 79.8%.

Overall, the S&P BSE SENSEX is up 12.1% over the year.

Current Valuations

At the current price of Rs 584.0, the price to earnings (P/E) ratio of AVANTI FEEDS stands at 21.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.6 times.

Equitymaster requests your view! Post a comment on "AVANTI FEEDS Announces Quarterly Results (3QFY20); Net Profit Down 30.7%". Click here!

  

Related Views on News

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

Oct 25, 2019 | Updated on Oct 25, 2019

For the quarter ended September 2019, AVANTI FEEDS has posted a net profit of Rs 1 bn (up 130.0% YoY). Sales on the other hand came in at Rs 11 bn (up 41.1% 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.

AVANTI FEEDS Announces Quarterly Results (1QFY20); Net Profit Up 12.2% (Quarterly Result Update)

Jul 22, 2019 | Updated on Jul 22, 2019

For the quarter ended June 2019, AVANTI FEEDS has posted a net profit of Rs 1 bn (up 12.2% YoY). Sales on the other hand came in at Rs 11 bn (up 5.1% YoY). Read on for a complete analysis of AVANTI FEEDS's quarterly results.

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

Sorry Warren Buffett, I'm Following This Man Instead of You in 2020(The 5 Minute Wrapup)

Mar 30, 2020

This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...

The Biggest Trading Opportunity of 2020 is Here...

Mar 26, 2020

India's #1 trader, Vijay Bhambwani, talks about a hugely profitable trading opportunity which you must know about today!

A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)

Mar 25, 2020

I see a big opportunity to make fast profits on the horizon.

Coronavirus Sell-off Is a Perfect Time to 'Lockdown' this 'Crorepati' Stock(Profit Hunter)

Mar 24, 2020

Coronavirus crisis and panic selling has brought this quality smallcap to multiyear lows, making it a great bargain.

One Stock that is All Charged Up for the Post Coronavirus Rebound(The 5 Minute Wrapup)

Apr 1, 2020

A stock with strong moat is currently trading near 5-year lows.

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
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


Apr 3, 2020 (Close)

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 - TILAKNAGAR IND. COMPARISON

COMPARE AVANTI FEEDS WITH

MARKET STATS