trending Market Intelligence /marketintelligence/en/news-insights/trending/aaJ2s-bRUpn9-vR5U70Ukg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Avanti Feeds fiscal Q3 profit climbs 8.9% YOY

Blog

US utility commissioners: Who they are and how they impact regulation

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Essential Energy Insights, April 2021

Blog

LCD Monthly: LIBOR: A dramedy for our times


Avanti Feeds fiscal Q3 profit climbs 8.9% YOY

Avanti Feeds Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 7.79 Indian rupees per share, a gain of 8.5% from 7.18 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 347.4 million rupees, a gain of 8.9% from 318.9 million rupees in the prior-year period.

The normalized profit margin increased to 8.4% from 8.3% in the year-earlier period.

Total revenue increased 7.3% on an annual basis to 4.13 billion rupees from 3.85 billion rupees, and total operating expenses increased 7.0% from the prior-year period to 3.60 billion rupees from 3.37 billion rupees.

Reported net income grew 8.2% from the prior-year period to 365.4 million rupees, or 8.19 rupees per share, from 337.8 million rupees, or 7.60 rupees per share.

As of Jan. 29, US$1 was equivalent to 67.85 Indian rupees.