Q3FY17 Results : Avanti Feeds
Bhagyashree Vivarekar / 27 Jan 2017
The company's total sales for Q3FY17 came in at Rs 558.6 crore, which represents a 21.66 per cent sequential decline and 35.2 per cent YoY increase.
Avanti Feeds Ltd. reported its results for the quarter ended December 31, 2016 post market hours today.
The company's total sales for Q3FY17 came in at Rs 558.6 crore, which represents a 21.66 per cent sequential decline and 35.2 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 64.89 crore and the EBIT margin stood at 11.62 per cent.
The company reported PAT of Rs 46.47 crore, which represents a sequential QoQ increase of 15.63 per cent and a YoY increase of 25 per cent.
The company's stock opened at Rs 593.30 on the BSE and thereafter fell 0.08 per cent and closed for the day at Rs 590.45.
Avanti Feeds Ltd, incorporated in January 1993, is engaged in the business of shrimp feed and processed shrimp.
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