Avanti Feeds stock slumps 10% after Q3FY20 numbers

The company’s net sales were up 10.46% at Rs922.69cr in December 2019 from Rs835.32cr in December 2018.

Feb 05, 2020 09:02 IST India Infoline News Service

Avanti Feeds
Avanti Feeds posted a consolidated net profit at Rs47.85cr in December 2019, down 34.96% from Rs73.57cr in December 2018. The company’s net sales were up 10.46% at Rs922.69cr in December 2019 from Rs835.32cr in December 2018.

EBITDA stood at Rs83.02cr in December 2019, down by 32.84% from Rs123.62c in December 2018.

Stock view:
Avanti Feeds Ltd is currently trading at Rs593.80, down by Rs74.6 or 11.16% from its previous closing of Rs668.40 on the BSE.

The scrip opened at Rs590 and has touched a high and low of Rs610 and Rs565 respectively.

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