Avanti Feeds profit increases 7.76% in (Q2) FY 2020-21

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Team Infinities:

Avanti Feeds Limited NSE Symbol:AVANTIFEED, BSE Security Code:512573 has declared its 2nd(second) quarter unaudited consolidated financial report from the month of July, 2020 to the month of September, 2020; for the fiscal year 2020-21.

Revenue Reported by Avanti Feeds Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
11.50 9.83 10.85 21.33 21.97
Calculated Revenue of Avanti Feeds Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
1.67 16.99%(Revenue Increase) 0.65 5.99%(Revenue Increase) 0.64 2.91%(Revenue Decrease)

Revenue: Avanti Feeds Limited's financial report shows that the company's revenue increased by 16.99% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.1.67 billions, as the company posted revenue of Rs.11.50 billions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.9.83 billions.
The result also shows that the company's revenue increased by 5.99% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue increase of Rs.0.65 billion; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.10.85 billions.
The company also reported that its revenue decreased by 2.91% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.0.64 billion, since the company reported revenue of Rs.21.33 billions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.21.97 billions.

Gross Margin(%) Reported by Avanti Feeds Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
30.15 13.21 19.77 22.40 17.54
Calculated Gross Margin(%) of Avanti Feeds Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
16.94 128.24%(GM Increase) 10.39 52.55%(GM Increase) 4.86 27.71%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM increased by 128.24% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 16.94% GM increase, as the company reported 30.15% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 13.21% GM.
The result also indicates, the company's GM increased by 52.55% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 10.39% GM increase; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 19.77% GM.
The company also reported that its GM increased by 27.71% in 6 months end(April, 2020 - September, 2020) for 4.86% GM increase, since the company reported 22.40% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 17.54% GM.

EBITDA Reported by Avanti Feeds Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
1.72 1.56 1.50 3.28 3.06
Calculated EBITDA of Avanti Feeds Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
0.16 10.26%(EBITDA Increase) 0.22 14.67%(EBITDA Increase) 0.22 7.19%(EBITDA Increase)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 10.26% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.0.16 billion, as the company posted EBITDA of Rs.1.72 billions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.1.56 billions.
The result also shows that the company's EBITDA increased by 14.67% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.0.22 billion; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.1.50 billions.
The company also reported that its EBITDA increased by 7.19% in 6 months end(April, 2020 - September, 2020) for EBITDA increase of Rs.0.22 billion, since the company reported EBITDA of Rs.3.28 billions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.3.06 billions.

Profit and Loss Reported by Avanti Feeds Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
1.25(Profit ) 1.16(Profit ) 1.27(Profit ) 2.41(Profit ) 2.29(Profit )
Calculated Profit and Loss of Avanti Feeds Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
0.09 7.76%(Profit Increase) 0.02 1.57%(Profit Decrease) 0.12 5.24%(Profit Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 7.76% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.0.09 billion, as the company posted profit of Rs.1.25 billions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported profit of Rs.1.16 billions.
The result also shows that the company's profit decreased by 1.57% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit decrease of Rs.0.02 billion; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.1.27 billions.
The company also reported that its profit increased by 5.24% in 6 months end(April, 2020 - September, 2020) for profit increase of Rs.0.12 billion, since the company reported profit of Rs.2.41 billions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.2.29 billions.

EPS Reported by Avanti Feeds Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
8.17 7.64 8.71 15.81 15.53
Calculated EPS of Avanti Feeds Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
0.53 6.94%(EPS Increase) 0.54 6.20%(EPS Decrease) 0.28 1.80%(EPS Increase)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 6.94% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.0.53, as the company posted EPS of Rs.8.17; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EPS of Rs.7.64.
The result also shows that the company's EPS decreased by 6.20% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.0.54; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.8.71.
The company also reported that its EPS increased by 1.80% in 6 months end(April, 2020 - September, 2020) for EPS increase of Rs.0.28, since the company reported EPS of Rs.15.81; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.15.53.

Assets Reported by Avanti Feeds Limited for Second Quarter FY, 2020-21
Details Non-current Assets Current Assets
Current Year Ended(September, 2020) Previous Year End(March, 2020) Current Year Ended(September, 2020) Previous Year End(March, 2020)
Reported 3.41 3.65 18.50 15.15
  Change Change % Change Change %
Calculated 0.24 6.58%(Assets Decrease) 3.35 22.11%(Assets Increase)

Assets:The company reported its non-current assets decreased by 6.58% in current quarter(September, 2020) for non-current assets decrease of Rs.0.24 billion, since the company reported net non-current assets of Rs.3.41 billions; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.3.65 billions.
The balance sheet of the company also shows that, its current assets increased by 22.11% in current quarter(September, 2020) for current assets increase of Rs.3.35 billions, as the company reported net current assets of Rs.18.50 billions; against previous year end(March, 2020) when the company reported net current assets of Rs.15.15 billions.

Liabilities Reported by Avanti Feeds Limited for Second Quarter FY, 2020-21
Details Non-current Liabilities Current Liabilities
Current Year Ended(September, 2020) Previous Year End(March, 2020) Current Year Ended(September, 2020) Previous Year End(March, 2020)
Reported 0.20 0.22 3.36 2.63
  Change Change % Change Change %
Calculated 0.02 9.09%(Liabilities Decrease) 0.73 27.76%(Liabilities Increase)

Liabilities:The company reported its non-current liabilities decreased by 9.09% in current quarter(September, 2020) for non-current liabilities decrease of Rs.0.02 billion, since the company reported net non-current liabilities of Rs.0.20 billion; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.0.22 billion.
The balance sheet of the company also shows that, its current liabilities increased by 27.76% in current quarter(September, 2020) for current liabilities increase of Rs.0.73 billion, as the company reported net current liabilities of Rs.3.36 billions; against previous year end(March, 2020) when the company reported net current liabilities of Rs.2.63 billions.

 


***All amounts are given in Billion Indian Rupees(INR) except EPS (Earnings per share) which are in Indian Rupees(INR) only.***
Gross Margin=Total Revenue from Operations -(Cost of Materials Consumed + Purchases of stock-in-trade - Changes in inventories of finished goods, work-in-progress and stock-in-trade).
Gross Margin%=(Gross Margin / Total Revenue from Operations)*100.
EBITDA=Commission/Interest + Depreciation and Amortization + Tax + Profit/Loss (PAT).
1 Lac = 100,000.
1 Million = 10 Lacs.
1 Crore = 10 Millions.
1 Crore = 100 Lacs.
1 Billion = 1000 Millions.
1 Billion = 100 Crores.