Avanti Feeds Q1 Results Live : profit rise by 20.5% YOY

Avanti Feeds Q1 Results Live : Avanti Feeds announced their Q1 results on 05 Aug, 2024, revealing a decrease in revenue by 3.05% compared to the previous year. However, the company saw a significant increase in profit by 20.5% year-over-year.

In comparison to the previous quarter, Avanti Feeds experienced a growth in revenue by 17.36% and a profit increase by 23.17%.

The Selling, general & administrative expenses also saw a rise of 15.17% quarter-over-quarter and a 15.1% increase year-over-year.

Operating income showed a positive trend with a 26.58% increase quarter-over-quarter and a 17.09% rise year-over-year.

The Earnings Per Share (EPS) for Q1 stood at ₹9.41, representing a 20.49% year-over-year increase.

Avanti Feeds' stock performance in the market has been fluctuating, with a -5.58% return in the last week, a 20.22% return in the last 6 months, and a notable 58.17% year-to-date return.

Currently, Avanti Feeds holds a market capitalization of ₹9052.16 Cr with a 52-week high/low of ₹764.4 & ₹385.9 respectively.

Analysts' ratings for Avanti Feeds as of 06 Aug, 2024 show a mixed sentiment, with 1 analyst giving a Sell rating and another analyst giving a Strong Buy rating.