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

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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.

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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.

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