AVANTI FEEDS Announces Quarterly Results (4QFY19); Net Profit Down 10.5%

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AVANTI FEEDS Announces Quarterly Results (4QFY19); Net Profit Down 10.5%
Mon, 27 May

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

AVANTI FEEDS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m8,3438,3538,5772.7%2.8%
Other incomeRs m15114019539.3%28.9%
TurnoverRs m8,4948,4938,7713.3%3.3%
ExpensesRs m7,1687,2577,6435.3%6.6%
Gross profitRs m1,1671,097934-14.8%-19.9%
DepreciationRs m7790900.2%16.9%
InterestRs m2511104.4%435.9%
Profit before taxRs m1,2381,1411,027-10.0%-17.0%
TaxRs m384289263-8.8%-31.5%
Profit after taxRs m854852764-10.4%-10.5%
Gross profit margin%14.013.110.9
Effective tax rate%31.025.325.6
Net profit margin%10.110.08.7
* 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 2.8% on a year-on-year (YoY) basis. The expenses were up by 6.6% YoY during the same period.
  • The company's operating profit declined by 19.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.9% in 4QFY19 as against 14.0% in 4QFY18.
  • Depreciation charges increased by 16.9% and finance costs increased by 435.9% YoY, respectively.
  • Other income increased by 28.9% YoY during the quarter.
  • Net profit for the quarter declined by 10.5% YoY. Net profit margins during the quarter declined from 10.1% in 4QFY18 to 8.7% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.3% QoQ during the same period.
  • The company's operating profit declined by 14.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.9% in 4QFY19 as against 13.1% in 3QFY18.
  • Net profit for the quarter declined by 10.4% QoQ, while net profit margins declined from 10.0% in 3QFY18 to 8.7% in 4QFY19.

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 649.7 to Rs 362.5, registering a Loss of Rs 287.2 or around 44.2%.

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 362.5, the price to earnings (P/E) ratio of AVANTI FEEDS stands at 16.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.8 times.

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