Avanti Feeds Ltd. Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 30, 2016 at 09:00 am
Share
Avanti Feeds Ltd. reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, on consolidated basis, the company reported total sales/income from operations of INR 4,131.107 million compared to INR 3,850.337 million a year ago. Profit from ordinary activities after tax was INR 371.844 million compared to profit from ordinary activities after tax of INR 345.046 million a year ago. Basic and diluted profit per share before and after extraordinary items was INR 8.19 compared to basic and diluted profit per share before and after extraordinary items of INR 7.60 a year ago.
For the nine months, on consolidated basis, the company reported total sales/income from operations of INR 15,494.636 million. Profit from ordinary activities after tax was INR 1,268.607 million. Net profit was INR 1,262.742 million. Basic and diluted profit per share before and after extraordinary items was INR 27.93.
For the quarter, on standalone basis, the company reported total sales/income from operations of INR 4,131.107 million compared to INR 3,850.337 million a year ago. Profit from ordinary activities after tax was INR 391.709 million compared to profit from ordinary activities after tax of INR 345.046 million a year ago. Basic and diluted profit per share before extraordinary items was INR 8.63 compared to basic and diluted profit per share before extraordinary items of INR 7.60 a year ago. Basic and diluted profit per share after extraordinary items was INR 8.08 compared to basic and diluted profit per share after extraordinary items of INR 7.60 a year ago.
For the nine months, on standalone basis, the company reported total sales/income from operations of INR 15,494.636 million. Profit from ordinary activities after tax was INR 1,288.472 million. Net profit was INR 1,262.742 million. Basic and diluted profit per share before and after extraordinary items was INR 27.93.
Avanti Feeds Limited is engaged in manufacturing of shrimp feed. The Company operates through three segments: Shrimp Feed, Windmills, and Hatchery. The shrimp feed is manufactured and marketed to farmers, which is used in aqua culture to grow shrimp. The shrimps are purchased from the farmers and are further processed and exported to various countries. It has installed over four mills of over 3.2 megawatts capacity at Chitradurga, Karnataka. The power generated from windmills is sold to Bangalore Electricity Supply Company Limited (BESCOM) under a power purchase agreement. It has six shrimp feed manufacturing units and one hatchery. The Companyâs products include raw shrimp, cooked shrimp, and value-added shrimp. Its value-added shrimps include marinated products, breaded products, skewers, and shrimp rings. The Company provides its products to various markets, such as Europe, Japan, Korea, China, Russia, Canada, and the Middle East.
AVANTI FEEDS LIMITED 
