AVANTI FEEDS Announces Quarterly Results (3QFY21); Net Profit Up 47.2%

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AVANTI FEEDS Announces Quarterly Results (3QFY21); Net Profit Up 47.2%
Fri, 5 Feb

AVANTI FEEDS has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

AVANTI FEEDS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m9,22711,3169,154-19.1%-0.8%
Other incomeRs m19618728250.6%44.0%
TurnoverRs m9,42311,5049,437-18.0%0.1%
ExpensesRs m8,5939,7828,232-15.8%-4.2%
Gross profitRs m6341,534922-39.9%45.4%
DepreciationRs m919611722.4%28.1%
InterestRs m725140.6%-28.0%
Profit before taxRs m7321,6241,083-33.3%47.9%
TaxRs m142372214-42.5%50.6%
Profit after taxRs m5901,252869-30.6%47.2%
Gross profit margin%6.913.610.1
Effective tax rate%19.422.919.8
Net profit margin%6.310.99.2
* 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 fell 0.8% on a year-on-year (YoY) basis. The expenses were down by 4.2% YoY during the same period.
  • The company's operating profit increased by 45.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.1% in 3QFY21 as against 6.9% in 3QFY20.
  • Depreciation charges increased by 28.1% and finance costs declined by 28.0% YoY, respectively.
  • Other income increased by 44.0% YoY during the quarter.
  • Net profit for the quarter increased by 47.2% YoY. Net profit margins during the quarter increased from 6.3% in 3QFY20 to 9.2% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 19.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.8% QoQ during the same period.
  • The company's operating profit declined by 39.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.1% in 3QFY21 as against 13.6% in 2QFY20.
  • Net profit for the quarter declined by 30.6% QoQ, while net profit margins declined from 10.9% in 2QFY20 to 9.2% in 3QFY21.

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 down from Rs 599.0 to Rs 506.0, registering a Loss of Rs 93.0 or around 15.5%.

Overall, the S&P BSE SENSEX is up 27.3% over the year.

Current Valuations

At the current price of Rs 506.0, the price to earnings (P/E) ratio of AVANTI FEEDS stands at 16.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.7 times.

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