Avanti Feeds reported an 86.5% jump in net profit to ₹135.2 crore for the quarter ended December 2024, compared to ₹72.5 crore in the same period last year.CompanyValueChange%ChangeThe strong bottom-line growth was supported by higher margins and improved operational efficiencies.The company’s revenue grew 9% on-year to ₹1,365.8 crore from ₹1,253.2 crore in Q3 FY24, driven by stable demand for its shrimp feed and seafood export business.
On the operating front, EBITDA surged 65.4% to ₹160.4 crore, compared to ₹97 crore in the year-ago period.Margins saw a sharp expansion, rising to 11.7% from 7.7% last year, reflecting cost efficiencies and improved realisations.Also read: Power Mech Projects Q3 Results: Strong profit, revenue growth but margin dipsAvanti Feeds, India’s largest shrimp feed producer, exports to multiple international markets, including Europe, Japan, Korea, China, Russia, Canada, and the Middle East. The company continues to benefit from strong global demand.Shares of Avanti Feeds closed 2.9% higher at ₹741.45 on the BSE following the earnings announcement.
