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.
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