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- AVANTI FEEDS Announces Quarterly Results (4QFY20); Net Profit Up 29.2%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 8,577 | 9,227 | 10,348 | 12.2% | 20.7% |
| Other income | Rs m | 195 | 196 | 116 | -40.7% | -40.3% |
| Turnover | Rs m | 8,771 | 9,423 | 10,464 | 11.1% | 19.3% |
| Expenses | Rs m | 7,643 | 8,593 | 9,102 | 5.9% | 19.1% |
| Gross profit | Rs m | 934 | 634 | 1,246 | 96.5% | 33.4% |
| Depreciation | Rs m | 90 | 91 | 96 | 5.1% | 6.1% |
| Interest | Rs m | 11 | 7 | 7 | 0.6% | -38.5% |
| Profit before tax | Rs m | 1,027 | 732 | 1,260 | 72.1% | 22.7% |
| Tax | Rs m | 263 | 142 | 273 | 92.1% | 3.6% |
| Profit after tax | Rs m | 764 | 590 | 987 | 67.2% | 29.2% |
| Gross profit margin | % | 10.9 | 6.9 | 12.0 | ||
| Effective tax rate | % | 25.6 | 19.4 | 21.7 | ||
| Net profit margin | % | 8.7 | 6.3 | 9.4 |
Interim results exclude extraordinary / exceptional items
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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AVANTI FEEDS Announces Quarterly Results (1QFY21); Net Profit Up 14.1% (Quarterly Result Update)
Aug 28, 2020 | Updated on Aug 28, 2020For the quarter ended June 2020, AVANTI FEEDS has posted a net profit of Rs 1 bn (up 14.1% YoY). Sales on the other hand came in at Rs 10 bn (down 12.6% YoY). Read on for a complete analysis of AVANTI FEEDS's quarterly results.
AVANTI FEEDS Announces Quarterly Results (3QFY20); Net Profit Down 30.7% (Quarterly Result Update)
Feb 5, 2020 | Updated on Feb 5, 2020For the quarter ended December 2019, AVANTI FEEDS has posted a net profit of Rs 590 m (down 30.7% YoY). Sales on the other hand came in at Rs 9 bn (up 10.5% YoY). Read on for a complete analysis of AVANTI FEEDS's quarterly results.
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Sep 16, 2019 | Updated on Sep 16, 2019Here's an analysis of the annual report of AVANTI FEEDS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of AVANTI FEEDS. Also includes updates on the valuation of AVANTI FEEDS.
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