Share the post "Avanti Feeds : Q4 2024 Financial Quarterly Report : YoY Sales Up 17.43 %, QoQ Up 2.42 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 17.43 % in the past year, substantial increase in net sales/revenue by 2.42 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 45.35 %. Marginal increase in other income during this quarter, up by 9.56%.
- Profit over the Year and quarter: Significant improvement in profitability for Avanti Feeds ltd.. Notable increase of 10.98 % in net profit Year to Year, Avanti Feeds ltd.’s profitability increased by 35.15 % in this quarter.
- EPS over the Year and quarter: EPS increased by 11.53 % Year to Year. EPS increased by 43.61 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1093.003 Cr | Rs. 1253.234 Cr | Rs. 1283.513 Cr | + 2.42 % | + 17.43 % |
| Expenses | Rs. 959.51 Cr | Rs. 1156.23 Cr | Rs. 1153.98 Cr | -0.19 % | + 20.27 % |
| Operating Profit | Rs. 133.49 Cr | Rs. 97 Cr | Rs. 129.53 Cr | + 33.54 % | -2.97 % |
| OPM % | 12.21 % | 7.74 % | 10.09 % | + 2.35 % | -2.12 % |
| Other Income | Rs. 25.07 Cr | Rs. 33.26 Cr | Rs. 36.44 Cr | + 9.56 % | + 45.35 % |
| Interest | Rs. 1.03 Cr | Rs. 0.15 Cr | Rs. 0.72 Cr | + 380 % | -30.1 % |
| Depreciation | Rs. 12.2 Cr | Rs. 14.4 Cr | Rs. 14.49 Cr | + 0.62 % | + 18.77 % |
| Profit before tax | Rs. 145.33 Cr | Rs. 115.71 Cr | Rs. 150.76 Cr | + 30.29 % | + 3.74 % |
| Tax % | 27.81 % | 27.89 % | 25.31 % | -2.58 % | -2.5 % |
| Net Profit | Rs. 101.45 Cr | Rs. 83.31 Cr | Rs. 112.6 Cr | + 35.16 % | + 10.99 % |
| EPS in Rs | Rs. 6.85 | Rs. 5.32 | Rs. 7.64 | + 43.61 % | + 11.53 % |
Today, we’re looking at Avanti Feeds ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 17.43 %. However, it did see a marginal increase of 2.42 % from the previous quarter. Expenses decreased slightly by -0.19 % quarter-on-quarter, aligning with the annual rise of 20.27 %. Operating profit, while down -2.97 % compared to last year, faced a quarter-on-quarter increase of 33.54 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -2.12 %, but an expansion of 2.35 % sequentially. Other income rose by 9.56 % compared to the last quarter, despite an annual growth of 45.35 %. Interest expenses surged remarkably by 380 % from the previous quarter, yet the year-over-year decrease remains at a moderate -30.1 %. Depreciation costs climbed by 0.62 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 18.77 %. Profit before tax grew annually by 3.74 % but saw an increase from the preceding quarter by 30.29 %.
Tax expenses as a percentage of profits decreased slightly by -2.5 % compared to last year, with a more notable quarter-on-quarter decrease of -2.58 %. Net profit rose by 10.99 % year-on-year but experienced a 35.16 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 11.53 % but a quarterly rise of 43.61 %. In summary, Avanti Feeds ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1093.003 Cr | Rs. 1253.234 Cr | Rs. 1283.513 Cr | + 2.42 % | + 17.43 % |
| Expenses | Rs. 959.51 Cr | Rs. 1156.23 Cr | Rs. 1153.98 Cr | -0.19 % | + 20.27 % |
| Operating Profit | Rs. 133.49 Cr | Rs. 97 Cr | Rs. 129.53 Cr | + 33.54 % | -2.97 % |
| Net Profit | Rs. 101.45 Cr | Rs. 83.31 Cr | Rs. 112.6 Cr | + 35.16 % | + 10.99 % |
| EPS in Rs | Rs. 6.85 | Rs. 5.32 | Rs. 7.64 | + 43.61 % | + 11.53 % |
In reviewing Avanti Feeds ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 17.43 % year-on-year growth, however, there was a minor increase of 2.42 % from the previous quarter. Expenses rose by 20.27 % compared to the previous year, with a decrease of -0.19 % quarter-on-quarter. Operating Profit dropped by -2.97 % annually, and saw a 33.54 % increase from the last quarter.
Net Profit showed yearly increase of 10.99 %, and experienced a 35.16 % increase from the previous quarter. Earnings Per Share (EPS) rose by 11.53 % annually, however rose by 43.61 % compared to the last quarter. In essence, while Avanti Feeds ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
