Earnings | Avanti Feeds Ltd (NSE:AVANTIFEED): Q3FY23 Results Out; Total Income rise 4% YoY

Avanti Feeds Ltd (NSE:AVANTIFEED) is a leading Indian company engaged in the production and export of aquaculture products. The company’s product portfolio includes shrimp feed, shrimp processing, and export of frozen shrimp. Avanti Feeds is also involved in the production of other aquaculture products such as fish feed and fishmeal. The company operates through multiple manufacturing facilities located in various parts of India. Avanti Feeds has a strong presence in international markets and exports its products to several countries, including the USA, Europe, and Asia.

The company’s financial performance for the period ended December 31, 2022, has been reported, Total income for the quarter ended December 31, 2022, was Rs. 1131.7 crore, a decrease from Rs. 1348.5 crore reported in the previous quarter ended September 30, 2022. However, compared to the same quarter last year, the total income has increased from Rs. 1087.5 crore. Net profit for the quarter ended December 31, 2022, was reported at Rs. 62.4 crore, an increase from Rs. 56.6 crore reported in the previous quarter. Compared to the same quarter last year, the net profit has increased from Rs. 40.2 crore. Earnings per share (EPS) for the quarter ended December 31, 2022, were Rs. 4.58, an increase from Rs. 4.16 reported in the previous quarter ended September 30, 2022. Compared to the same quarter last year, the EPS has increased from Rs. 2.95.

For the 9 Months period ended December 31, 2022, the company has reported the following financial results: Total income was reported at Rs. 4061.9 crore, an increase from Rs. 3769.1 crore reported for the same period last year. Net profit was reported at Rs. 185.3 crore, an increase from Rs. 137.2 crore reported for the same period last year. EPS for the 9 Months period ended December 31, 2022, was Rs. 13.60, an increase from Rs. 10.07 reported for the same period last year.

Overall, Avanti Feeds Ltd has shown a positive financial performance for the 9 Months period ended December 31, 2022, with an increase in total income, net profit, and EPS. While there was a decrease in total income in the quarter ended December 31, 2022, compared to the previous quarter, there was an increase in net profit and EPS.