Avanti Feeds has announced its standalone quarterly results for June 2024, showcasing a robust performance in key financial metrics despite a drop in net sales. The company's Net Sales for the quarter were ₹1,272.87 crore, marking a 4.07% decline from ₹1,326.83 crore recorded in the same period last year. This decrease reflects broader market conditions and operational challenges.

Profit and EBITDA Performance

Net Profit for the quarter reached ₹114.67 crore, which represents a significant 22.44% increase from ₹93.65 crore in June 2023. This substantial growth in profit highlights the company's effective cost management and operational efficiency.

EBITDA improved by 19.78% to ₹159.80 crore from ₹133.41 crore in the previous year. This increase demonstrates Avanti Feeds' ability to enhance its operational profitability despite a decline in sales.

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Earnings Per Share (EPS)

EPS for the quarter climbed to ₹8.42, up from ₹6.87 in June 2023. This rise in EPS reflects the company's strong earnings performance and is a positive indicator for investors.

Stock Performance and Market Reaction

Avanti Feeds' shares closed at ₹664.40 on August 5, 2024. The stock has delivered a 20.22% return over the past 6 months and a remarkable 66.45% return over the last 12 months, underscoring investor confidence and market optimism regarding the company's future prospects.

Detailed Financial Summary

Standalone Quarterly Results (in ₹ Cr.):

Net Sales/Income from Operations: June '24: ₹1,272.87, March '24: ₹996.71, June '23: ₹1,326.83

EBITDA: June '24: ₹159.80, June '23: ₹133.41

Net Profit: June '24: ₹114.67, June '23: ₹93.65

Basic EPS: June '24: ₹8.42, June '23: ₹6.87

Expenditure and Income Breakdown

Consumption of Raw Materials: ₹1,003.63 crore (June '24)

Increase/Decrease in Stocks: ₹37.90 crore (June '24)

Other Expenses: ₹49.98 crore (June '24)

Interest: ₹0.10 crore (June '24)

Tax: ₹38.68 crore (June '24)

Conclusion

Avanti Feeds' quarterly results for June 2024 reflect a mixed performance, with a notable increase in net profit and EBITDA despite a decline in net sales. The company’s strong EPS growth and impressive stock performance over the past year highlight its financial resilience and market strength. Investors and analysts will be keenly watching the company's future performance and strategies to navigate the challenges ahead.

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