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.

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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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