Avanti Feeds Q2 Results: Net profit tanks 55% to ₹69 crore, EBITDA drops 60%

Résumé détaillé

Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 59.8% year-on-year to ₹78 crore from ₹194 crore. The EBITDA margin contracted to 4.45% in the September quarter from 12% in the year-ago period.

Aquaculture feed manufacturer Avanti Feeds Ltd on Tuesday (November 10) reported a 54.9% year-on-year decline in net profit to ₹69 crore for the second quarter of FY27, compared with ₹153 crore in the corresponding quarter last year.

Revenue from operations increased 8.9% to ₹1,752.5 crore from ₹1,609 crore a year ago.

Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 59.8% year-on-year to ₹78 crore from ₹194 crore. The EBITDA margin contracted to 4.45% in the September quarter from 12% in the year-ago period.

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The Hyderabad-based company is a leading producer of shrimp feed. It operates with a coherent supply chain and a farm-to-fork model using a vertically integrated infrastructure of aquaculture farms, feed mills, hatcheries and processing plants. The company also exports feed products to Sri Lanka and Bangladesh.

On Monday (November 9), shares of Avanti Feeds Ltd ended at ₹724.60, down by ₹6.00, or 0.82%, on the BSE.

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