Avanti Feeds Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Avanti Feeds Ltd reported a 0.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 9.2%.
- Its expenses for the quarter were down by 1.1% QoQ and up 4.3% YoY.
- The net profit increased 15.9% QoQ and increased 69.0% YoY.
- The earnings per share (EPS) of Avanti Feeds Ltd stood at 9.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1404.90 | 1396.86 | 1286.95 | 0.6% | 9.2% |
Total Expenses | 1220.90 | 1234.93 | 1170.78 | -1.1% | 4.3% |
Profit Before Tax | 184.00 | 161.93 | 116.17 | 13.6% | 58.4% |
Tax | 43.16 | 40.96 | 32.40 | 5.4% | 33.2% |
Profit After Tax | 140.81 | 121.47 | 83.31 | 15.9% | 69.0% |
Earnings Per Share | 9.90 | 8.30 | 5.30 | 19.3% | 86.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Avanti Feeds Ltd is a prominent player in the aquaculture industry, primarily engaged in the production and export of shrimp feed. The company has established itself as a leading manufacturer in the Indian shrimp feed market, supplying high-quality feed to shrimp farmers. Its operations extend beyond domestic markets with significant exports, contributing to its revenue streams. As of the latest data, there are no specific recent major developments available for Avanti Feeds Ltd. However, the company continues to focus on expanding its market share and enhancing its production capabilities to meet growing demand.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Avanti Feeds Ltd reported a total income of ₹1404.90 crores. This marks a 0.6% increase from the previous quarter (Q2FY25), where the total income was ₹1396.86 crores, and a 9.2% year-over-year (YoY) growth compared to ₹1286.95 crores in Q3FY24. This growth in total income indicates a steady upward trajectory in revenue generation over the past year. The company's ability to sustain growth in its total income reflects its position in the market and continued demand for its products.
Profitability
Avanti Feeds Ltd's profitability metrics show notable improvements. The profit before tax (PBT) for Q3FY25 stood at ₹184.00 crores, reflecting a significant quarter-over-quarter (QoQ) increase of 13.6% from ₹161.93 crores in Q2FY25, and an impressive 58.4% YoY increase from ₹116.17 crores in Q3FY24. After accounting for taxes, the profit after tax (PAT) in Q3FY25 was ₹140.81 crores, marking a 15.9% QoQ increase from ₹121.47 crores in the previous quarter and a substantial 69.0% YoY rise from ₹83.31 crores in Q3FY24. These increases underscore the company's enhanced profitability over the period.
Operating Metrics
Earnings per share (EPS) for Avanti Feeds Ltd in Q3FY25 was ₹9.90, which is a 19.3% increase from the previous quarter's ₹8.30 and an 86.8% increase compared to ₹5.30 in the same quarter of the previous year. This significant rise in EPS is indicative of the company's strong earnings performance relative to its shareholding base. Total expenses in Q3FY25 amounted to ₹1220.90 crores, a slight decrease of 1.1% from ₹1234.93 crores in Q2FY25, but a 4.3% increase from ₹1170.78 crores in Q3FY24. The decrease in expenses QoQ, alongside a rise in income, suggests an efficient cost management strategy. However, the YoY increase in expenses aligns with the growth trajectory in revenue, ensuring sustained operational capabilities.
