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Avanti Feeds has zoomed 9% to Rs 2,046 after reporting a robust 84% year-on-year (yoy) jump in standalone net profit at Rs 34.18 crore for the quarter ended September 30, 2014 (Q2), on back of strong operational income. The company engaged in food products business had profit of Rs 18.58 crore in the same quarter year ago.
Total income from operations for the quarter grew 74% to Rs 532 crore against Rs 305 crore in the corresponding quarter of previous fiscal.
Operating profit jumped 78% yoy to Rs 53.91 crore, while margins remained unchanged at around 10% over the previous year quarter.
Meanwhile, for the first half (April-September 2014) of the current financial year 2014-15, the company reported net profit of Rs 60 crore against Rs 33 crore in the same period last fiscal. It had profit of Rs 70 crore during the entire previous financial year 2013-14.
Avanti Feeds is the leading manufacturer of prawn and fish feeds and shrimp processor and exporter from India.
The stock opened at Rs 2,100 and hit a record high Rs 2,125 on BSE. A combined around 44,200 shares changed hands on the counter on NSE and BSE till 0955 hours.
The stock outperformed the market by surging 722% from Rs 249 on December 31, 2013 compared to 32% rise in the S&P BSE Sensex during the same period.
Total income from operations for the quarter grew 74% to Rs 532 crore against Rs 305 crore in the corresponding quarter of previous fiscal.
Operating profit jumped 78% yoy to Rs 53.91 crore, while margins remained unchanged at around 10% over the previous year quarter.
Meanwhile, for the first half (April-September 2014) of the current financial year 2014-15, the company reported net profit of Rs 60 crore against Rs 33 crore in the same period last fiscal. It had profit of Rs 70 crore during the entire previous financial year 2013-14.
Avanti Feeds is the leading manufacturer of prawn and fish feeds and shrimp processor and exporter from India.
The stock opened at Rs 2,100 and hit a record high Rs 2,125 on BSE. A combined around 44,200 shares changed hands on the counter on NSE and BSE till 0955 hours.
The stock outperformed the market by surging 722% from Rs 249 on December 31, 2013 compared to 32% rise in the S&P BSE Sensex during the same period.
