Avanti Feeds (512573) Q4 03/04 earnings summary

Executive summary

• Achieved turnover of Rs. 240.94 crores, up 77.6% year-over-year, with net profit rising 220% to Rs. 10.81 crores after tax and provisions.

• Growth attributed to higher volumes, operational efficiencies, reduced financial charges, and strategic collaboration with Thai Union Feedmill Co. Ltd.

• Exited 100% EOU scheme, enabling access to DEPB benefits and improved competitiveness.

Financial highlights

• Profit before tax: Rs. 15.73 crores, up from Rs. 5.16 crores year-over-year.

• Profit after tax: Rs. 10.81 crores, up from Rs. 3.38 crores year-over-year.

• EPS: Rs. 16.53, up from Rs. 5.16 year-over-year.

• Proposed dividend: Rs. 2.50 per share, totaling Rs. 1.63 crores.

• Reserves & surplus increased to Rs. 49.68 crores from Rs. 40.41 crores.

Outlook and guidance

• Plans to expand domestic market share and enter export markets for feed.

• Focus on value-added shrimp products and new brands to address market segments.

• Confident of posting better results despite international price pressures and regulatory risks.