Avanti Feeds Ltd's Q3FY18 consolidated net profit rises 123.44% yoy to Rs105.51cr : EBITDA and PAT beats estimates

India Infoline Research Team | March 15, 2018 19:44 IST

world's largest sea food manufacturers

Avanti Feeds Ltd Q3FY18

Consolidated Results Q3FY18: (Rs. in crore)

Q3FY18 YoY (%)
Revenue 706.43 32.0
EBITDA 153.59 123.1
EBITDA Margin (%) 21.7 887
Net Profit (adjusted) 105.51 123.4
***EBITDA margin change is bps


Reco. Price


Last updated on


Avanti Feeds Ltd's revenue for Q3FY18 came in at Rs706.43cr, up by 32% yoy. However, the revenue missed the street estimates by 7%. The operating profit for the quarter came in at Rs153.59cr, which increased significantly by 123.1% yoy but declined 18% qoq. The EBITDA margin improved by ~887bps yoy tp 21.7% in Q3FY18. The net profit stood at Rs105.51cr for Q3FY18, up by 123.4% yoy. The operating profit and net profit beat street estimates by 11% and 12% respectively.

• Gross profit margin of the company improved by ~982bps yoy to 32.1% in Q3FY18. This resulted into significant improvement to the EBITDA margin.
• The employee benefits expenses and other expenses increased by 52.5% and 41.4% yoy to Rs26.18cr and Rs47.06cr respectively.
• Segment revenue from shrimp feed business increased by 35.8% yoy to Rs551.02cr whereas EBIT increased significantly by 165.9% to Rs135.10cr, in Q3FY18.
• Processed shrimp segment revenue increased by 20.3% yoy to Rs135.10cr in Q3FY18. However, segment EBIT declined by 18.9% yoy to Rs11.56cr in Q3FY18.

Technical View:

Avanti Feeds Ltd is currently trading at Rs. 2,449, down by 74.2 points or 2.94% from its previous closing of Rs. 2,523.20 on the BSE.
The scrip opened at Rs. 2,450 and has touched a high and low of Rs. 2,562.60 and Rs. 2,404.35 respectively. So far 1,89,994(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

BSE 2,351.20 [28.50] ([1.20]%)
NSE 2,346.00 [25] ([1.05]%)

***Note: This is a NSE Chart



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