Avanti Feeds has soared nearly 20% at Rs 343, also its record high on BSE, after reporting nearly five-fold jumped in net profit at Rs 22.44 crore for the third quarter ended December 31, 2013 (Q3) on back of strong operational income. The company had profit of Rs 4.73 crore in a year ago quarter.
Total income from operations of the company for the quarter more than doubled at Rs 279 crore, as against Rs 139 crore in the corresponding quarter of the previous fiscal. The company’s domestic sales have recorded a spectacular 118% year-on-year growth of Rs 207 crore during the recently concluded quarter.
Meanwhile, the company has posted net profit of Rs 55.24 crore for the first nine months (April-December 2013) of the current financial year 2013-14 compared to Rs 23.58 crore in the same period previous year. It had recorded profit of Rs 30.19 crore in entire previous financial year 2012-13.
The stock opened at Rs 343 and has seen a combined 189,740 shares changing hands on the counter so far on the BSE and NSE.
Total income from operations of the company for the quarter more than doubled at Rs 279 crore, as against Rs 139 crore in the corresponding quarter of the previous fiscal. The company’s domestic sales have recorded a spectacular 118% year-on-year growth of Rs 207 crore during the recently concluded quarter.
Meanwhile, the company has posted net profit of Rs 55.24 crore for the first nine months (April-December 2013) of the current financial year 2013-14 compared to Rs 23.58 crore in the same period previous year. It had recorded profit of Rs 30.19 crore in entire previous financial year 2012-13.
The stock opened at Rs 343 and has seen a combined 189,740 shares changing hands on the counter so far on the BSE and NSE.
