Avanti Feeds falls on poor Q2

about 10 months ago
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Avanti Feeds fell over 14% to Rs.363 today morning on the back of its poor show for Q2FY19. Its 52-week low stands at Rs.350.

Shares of the shrimp exporter fell after it announced a huge 60% (YoY) drop in net profit at Rs.46 crore on a 12% drop in revenue at Rs.754 crore.

Operating profit for the quarter was down 61% at Rs.72 crore while margins slipped dramatically from 21.9% to below 10% at 9.6%.

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