AVANTI FEEDS Announces Quarterly Results (4QFY20); Net Profit Up 29.2%

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AVANTI FEEDS Announces Quarterly Results (4QFY20); Net Profit Up 29.2%
Mon, 29 Jun

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

AVANTI FEEDS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m8,5779,22710,34812.2%20.7%
Other incomeRs m195196116-40.7%-40.3%
TurnoverRs m8,7719,42310,46411.1%19.3%
ExpensesRs m7,6438,5939,1025.9%19.1%
Gross profitRs m9346341,24696.5%33.4%
DepreciationRs m9091965.1%6.1%
InterestRs m11770.6%-38.5%
Profit before taxRs m1,0277321,26072.1%22.7%
TaxRs m26314227392.1%3.6%
Profit after taxRs m76459098767.2%29.2%
Gross profit margin%10.96.912.0
Effective tax rate%25.619.421.7
Net profit margin%8.76.39.4
* 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 20.7% on a year-on-year (YoY) basis. The expenses were up by 19.1% YoY during the same period.
  • The company's operating profit increased by 33.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.0% in 4QFY20 as against 10.9% in 4QFY19.
  • Depreciation charges increased by 6.1% and finance costs declined by 38.5% YoY, respectively.
  • Other income declined by 40.3% YoY during the quarter.
  • Net profit for the quarter increased by 29.2% YoY. Net profit margins during the quarter increased from 8.7% in 4QFY19 to 9.4% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.9% QoQ during the same period.
  • The company's operating profit increased by 96.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.0% in 4QFY20 as against 6.9% in 3QFY19.
  • Net profit for the quarter increased by 67.2% QoQ, while net profit margins increased from 6.3% in 3QFY19 to 9.4% in 4QFY20.

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

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

AVANTI FEEDS Share Price Performance

Over the last one year,AVANTI FEEDS share price has moved up from Rs 351.8 to Rs 512.0, registering a Gain of Rs 160.2 or around 45.5%.

Overall, the S&P BSE SENSEX is down 12.4% over the year.

Current Valuations

At the current price of Rs 512.0, the price to earnings (P/E) ratio of AVANTI FEEDS stands at 18.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.8 times.

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