Avanti Feeds Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
June 22, 2021 at 05:15 am EDT
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Avanti Feeds Limited announced earnings results for the fourth quarter ended March 31, 2021. For the fourth quarter, the company announced total revenue was INR 11,163.674 million compared to INR 10,464.28 million a year ago. Net income was INR 696.933 million compared to INR 869.792 million a year ago. Basic earnings per share from continuing operations was INR 5.12 compared to INR 6.38 a year ago. For the full year, total revenue was INR 41,931.398 million compared to INR 41,855.262 million a year ago. Net income was INR 3,600.718 million compared to INR 3,464.868 million a year ago. Basic earnings per share from continuing operations was INR 26.43 compared to INR 25.43 a year ago.
Avanti Feeds Limited is an integrated seafood company. Its segments include Shrimp Feed, Processed Shrimp, Power, and Shrimp Hatchery. The shrimp feed is manufactured and marketed to farmers, which is used in aqua culture to grow shrimp. The shrimps are purchased from the farmers and are further processed and exported to various countries. It has installed over four mills of over 3.2 megawatts capacity at Chitradurga, Karnataka. The power generated from windmills is sold to Bangalore Electricity Supply Company Limited (BESCOM) under a power purchase agreement. It has five shrimp feed manufacturing units, two shrimp processing units, a hatchery to produce shrimp larvae and a shrimp culture farm. Its products include raw shrimp, cooked shrimp, and value-added shrimp. Its value-added shrimps include marinated products, breaded products, skewers, and shrimp rings. It provides its products to various markets, such as Europe, Japan, Korea, China, Russia, Canada, and the Middle East.
AVANTI FEEDS LIMITED 
