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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.
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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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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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Oct 25, 2019 | Updated on Oct 25, 2019For the quarter ended September 2019, AVANTI FEEDS has posted a net profit of Rs 1 bn (up 130.0% YoY). Sales on the other hand came in at Rs 11 bn (up 41.1% YoY). Read on for a complete analysis of AVANTI FEEDS's quarterly results.
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