Avanti Feeds Ltd's Q3FY19 consolidated net profit declines 26.81% yoy to Rs73.57cr

The company’s consolidated revenue stood at Rs835.32cr, up 18.25% yoy and 10.71% qoq.

Feb 09, 2019 06:02 IST India Infoline Research Team

Avanti Feeds Ltd Q3FY19

Consolidated Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 835.32 18.3
EBITDA 109.65 [28.6]
EBITDA Margin (%) 13.1 [861]
Net Profit (adjusted) 73.57 [26.8]
***EBITDA margin change is bps
Avanti Feeds Ltd's consolidated revenue for Q3FY19 came in at Rs835.3cr, up 18.3% yoy. The consolidated operating profit for the quarter came in at Rs109.7cr, which declined by 28.6% yoy. EBITDA margin declined significantly by ~861bps yoy to 13.1% yoy, however, increased by ~356bps qoq in Q3FY19. The consolidated adjusted net profit attributable to shareholders stood at Rs73.6cr for Q3FY19, down 26.8% yoy.





Technical View:

Avanti Feeds Ltd ended at Rs. 329.50, down by 3.05 points or 0.92% from its previous closing of Rs. 332.55 on the BSE.
The scrip opened at Rs. 334 and touched a high and low of Rs. 344 and Rs. 325.30 respectively. A total of 5,46,330 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.


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