*Avanti Feeds Ltd.* | *CMP* Rs. 547 | *M Cap* Rs. 7453 Cr | *52 W H/L* 675/410
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 1226 Cr (-13% QoQ, 8.3% YoY) vs expectation of Rs. 1420.4 Cr, QoQ Rs. 1408.8 Cr, YoY Rs. 1131.6 Cr
EBIDTA came at Rs. 42.7 Cr (-55% QoQ, -72.2% YoY) vs expectation of Rs. 100.8 Cr, QoQ Rs. 94.8 Cr, YoY Rs. 153.4 Cr
EBITDA Margin came at 3.5% vs expectation of 7.1%, QoQ 6.7%, YoY 13.6%
Adj. PAT came at Rs. 24.1 Cr vs expectation of Rs. 78.9 Cr, QoQ Rs. 77 Cr, YoY Rs. 111.3 Cr
Quarter EPS is Rs. 1.8
Share is trading at P/E of 15x FY23E EPS