Avanti Feeds reported virtually flat total revenues for the Dec-20 quarter on consolidated basis at Rs915.43cr. There was a marginal growth of about 2.5% in its shrimp feed business on a yoy basis but the processed shrimp business saw 10% fall in revenues due to post-pandemic restrictions and weak demand globally. This resulted in a very marginal change in the overall revenues for the quarter.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 56.72% at Rs74.99cr on account of lower raw material costs and better inventory management. However, the bounce showed in Sep-20 quarter could not be sustained in December as far as profits are concerned. On a yoy basis, the PAT margins improved sharply from 5.19% in Dec-19 to 8.19% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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Avanti Feeds |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 915.43 |
₹ 922.69 |
-0.79% |
₹ 1,131.62 |
-19.10% |
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Net Profit (Rs cr) |
₹ 74.99 |
₹ 47.85 |
56.72% |
₹ 111.29 |
-32.62% |
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Diluted EPS (Rs) |
₹ 5.50 |
₹ 3.51 |
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₹ 8.17 |
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Net Margins |
8.19% |
5.19% |
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9.83% |
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