Avanti Feeds plunges 14% post weak Q2 nos

The company's consolidated adjusted net profit attributable to shareholders stood at Rs 464 million for Q2FY19, down by 60.1 per cent YoY.

Shares of Avanti Feeds on Monday slumped as much as 14.11 per cent to Rs 363 apiece on BSE after the company posted a lower-than-expected results for the second quarter of FY19 (July-September). 

The company's consolidated adjusted net profit attributable to shareholders (excluding exceptional items after tax) stood at Rs 464 million for Q2FY19, down by 60.1 per cent YoY. The consolidated operating profit for the quarter declined 61.4 per cent on YoY basis to Rs 721 million.

EBITDA margin declined significantly by nearly 1,229 bps YoY to 9.6 per cent yoy and was down nearly 314 bps qoq in