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Avanti Feeds ltd. Interim / Quarterly Report 2021
62448_rns_2021-02-04_14dad1b9-cfb3-40bf-927b-5218e896f7cb.pdf
Interim / Quarterly Report
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,...� Avanti a1 Feeds Limited
4th February, 2021
Ref: AFL/BSE & NSE/2020-21/
To, The Deputy General Manager, BSE Limited, 1st Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Mumbai - 400 001.
BSE Code: 512573
The Listing Manager, National Stock Exchange India Ltd., Exchange Plaza, Sandra (East), Mumbai - 400 051.
NSE Code: AVANTIFEED
Dear Sir,
Sub: AVANT! FEEDS LIMITED - Information to the Stock Exchanges on the decisions of the Board Meeting held on 04.02.2021 - Reg.
In pursuance of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, we are to inform that the Board of Directors of our Company at its meeting held on 04.02.2021 approved the Un-Audited Financial Results for the quarter and nine months period ended 31.12.2020.
Please find enclosed un-audited financial results (Standalone & Consolidated) for the quarter ended 31.12.2020 along with the Limited Review Report from the Independent Auditors.
The Board meeting held on 04.02.2021 commenced at 11.00 A.M. and concluded at 01 :30 P.M.
Thanking you.
Yours faithfully, for Avanti Feeds Limited
-�C. R.�ama�chand�ra Rao �
Joint Managing Director, Company Secretary & CFO
Corporate Office: G-2. Concorde Apartments, 6-3-658. Somajiguda, Hyderabad-500082, Telangana State, India. .+91140123310260/61 a +91140123311604 www.avantifeeds.com avantiholclavanlifeeds.com
Registered Office: Flat No.103, Ground Floor, R Square. Pandurangapuram, Visakhapatnam - 530003. Andhra Pradesh, India. CIN: L 16001AP1993PLC095778
TOKARAM s CO LLP CHARTERED ACCOUNTANTS
Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To The Board of Directors of AVANTI FEEDS LIMITED
-
- We have reviewed the accompanying Statement of· Unaudited Consolidated Financial Results of AVANTI FEEDS LIMITED ("the parent") and its subsidiaries (the parent and its subsidiaries together referred to as "the Group"), for the quarter ended December 31, 2020 and year to date from April 01, 2020 to December 31, 2020 ("the Statement") attached herewith, being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Regulation"), read with SEBI Circular No. CIR/CFD/CMDl/80/2019 dated July 19, 2019 ("the circular"). 2. This.Statement, which is the responsibility of the parent's Management and approved by the Parent's
- Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, ("Ind AS 34") "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India read with the circular. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements
- (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. A· review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified
- in an audit. Accordingly, we do not express an audit opinion. 4. We also performed procedures in accordance with the Circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended, to
| Na of he t m e c om pa ny |
Co tr un y |
Re la tio hi ns p |
|---|---|---|
| Av ti Fr F ds P riv at Lim ite d an oz en oo e |
In di a |
Su bs id ia ry |
| Av ti fr F ds , I an oz en oo nc |
US A |
St -d Su bs id ia ep ow n ry |
| Sr iv at hs Po P riv at Lim ite d P je ct a w er ro e |
In di a |
A ia te ss oc |
| Pa ti ka ri Po riv Lim it ed at w er p e |
In di a |
A ia te ss oc |
the extent applicable. The statement includes the results of the following entities:
04/02/2021
3-6-69, Flat No. 209, Venkatarama Towers, Opp. Talwalkars, Basheerbagh, Hyderabad - 500 029. E-mail : [email protected]
-
- Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review report of other auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation 33 of the Listing Regulations, read with the circular including the manner in which it is to be disclosed, or that it contains any material misstatement.
-
- We did not review the interim financial information/financial results of two subsidiaries included in the consolidated unaudited financial results, whose interim financial information/financial results reflect total revenue of Rs.67,557.06 Lakhs, total net profit after tax of Rs.9,207.98 Lakhs and total comprehensive income of Rs.9,194.37 Lakhs for the period ended December 31, 2020 and total revenue of Rs.24,811.51 Lakhs, total net profit after tax of Rs.2,804.12 Lakhs and total comprehensive income of Rs.2,799.58 Lakhs for the quarter ended December 31,2020 as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also include the Group's share of net loss of Rs.56.75 lakhs for the period ended December 31, 2020 and net loss of Rs.67.97 Lakhs quarter ended December 31, 2020, as considered in the consolidated unaudited fin a ncia I rosu Its, in respect of two associates, whose interim. financia I information/ financial resu Its have not been reviewed by us. These interim financial information/financial results have been reviewed by other auditors, whose reports have been furnished to us by the Management and our conclusion on the statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associates is based solely on the reports of the other auditors anti procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of the above matter.
For TU KARAM & CO LLP Chartered Accountants (Fi rm Registration No.0044365)
� -
(RAJENDER REDDY K) Partner M.No.231384 UDIN: 21231834AAAAAJ3770
Place: Hyderabad Date: 04/02/2021
04/02/2021
Statement of Consolidated unaudited Financial Results for the Quarter and Nine months Ended December 31, 2020
| (R la kh les In s. s, un |
th vls ted ) ta s o en e s |
||||||
|---|---|---|---|---|---|---|---|
| Qu E nd ed ter ar |
Ni th ne m on |
s E nd ed |
Ye E nd ed ar |
||||
| SI. No |
icu lar Pa rt s |
De e 3 1, 20 20 |
Se 30 , 2 02 0 pt |
De c 3 1, 20 19 |
De c 3 1, 20 20 |
De c 3 1, 20 19 |
ch M 3 1, 20 20 ar |
| Un di ted au |
Un di ted au |
Un di d te au |
Un di ted au |
Un di ted au |
Au di ted |
||
| I | In co m e |
||||||
| (a) R fr tio ev en ue om op era ns |
91 ,5 43 .23 |
1,1 3, 16 2. 17 |
92 ,26 8.8 5 |
3,0 0,2 45 .4 1 |
3,0 8,0 48 .34 |
4,I J, 52 9.1 5 |
|
| (b ) O th inc er om e |
2,8 22 .22 |
1,8 73 .74 |
1,9 60 .15 |
7,4 31 .8 3 |
5,8 61 .4 8 |
7,0 23 .47 |
|
| l in To ta co m e |
94 ,36 5.4 5 |
1,1 5, 03 5.9 1 |
94 ,22 9.0 0 |
3,0 7,6 .24 77 |
3,1 3,9 09 .82 |
4, 18 ,55 2.6 2 |
|
| 2 | Ex pe ns es |
||||||
| (a) C f m ria ls ed t o ate os co ns um |
75 ,2 17 .99 |
82 ,78 0.2 1 |
77 ,9 54 .71 |
2,3 6, 16 9.4 3 |
2,5 1,3 51 .10 |
3,2 9,9 36 .68 |
|
| (a) f B ha io log ica l A ets o ss pu rc se |
35 .87 |
- | 35 .87 |
||||
| (b ) C ha in inv rie ff in ish ed ds & to ng es en s o g oo |
(3 ,90 0.8 6) |
3,7 39 .61 |
(1, 72 5.8 4) |
(4 ,90 8. 17 ) |
(6 ,26 6.2 4) |
(3, 51 9. 81 ) |
|
| rk -in wo -p ro gr es s |
|||||||
| (c) b efi E loy ts en mp ee ex pe ns e |
2,9 34 .38 |
3,5 76 .71 |
2,4 51 .0 3 |
9,5 71 .6 2 |
8,5 15 .89 |
11 ,3 51 .49 |
|
| Fi ( d) t na nc e c os |
48 .64 |
20 .23 |
67 .50 |
94 .80 |
13 0.9 3 |
19 8.7 9 |
|
| (e) cia tio & tis ati D ep re n am or on ex pe ns e |
1,1 69 .25 |
95 5.4 8 |
91 3. 05 |
3,0 67 .77 |
2, 81 0. 95 |
3,7 70 .67 |
|
| (f) O th er ex pe ns es To |
8,0 32 .65 |
7,7 28 .11 |
7,2 46 .56 |
21 ,90 6.5 6 |
21 ,5 21 .02 |
28 ,37 0. 17 |
|
| 3 | l e ta xp en se s s & Pr of it be for tio l i sh e i e t te ax , e xc ep na m ar n |
83 ,53 7.9 2 |
98 ,80 0.3 5 |
86 ,90 7.0 1 |
2,6 5,9 37 .8 8 |
2, 7 8,0 63 .65 |
3,7 0, 10 7.9 9 |
| ofi f A iat t o pr ss oc es |
10 ,82 7.5 3 |
16 ,23 5.5 6 |
7,3 21 .99 |
41 39 .36 ,7 |
35 ,84 6.1 7 |
48 ,44 4. 63 |
|
| 4 | Ad d: Sh f p of cia fit /(l s) tes ar e o ro os as so |
(6 7.9 7) |
(13 .65 ) |
(16 ) .69 |
(5 6,7 5) |
40 .12 |
41 .40 |
| 5 | Pr ofi t b ef l i nd tio te ta or e e m s a x xc ep na |
10 ,75 9,5 6 |
16 ,22 1.9 1 |
7,3 05 .30 |
41 ,6 82 .6 1 |
35 ,88 6.2 9 |
48 ,48 6.0 3 |
| 6 | ion al ite Ex pt m s ce |
- | |||||
| 7 | of it be for Pr e t ax |
10 9.5 6 ,75 |
16 ,22 1.9 1 |
7,3 05 .30 |
41 ,6 82 .6 1 |
35 ,88 6.2 9 |
48 ,48 6.0 3 |
| 8 | Ta x e xp en se |
||||||
| I. Cu nt ta rre x |
2,2 76 .73 |
3,7 26 .28 |
1,5 69 .96 |
9,5 22 .22 |
8,0 31 .13 |
11 ,17 7. 38 |
|
| fer red 2. De ta x |
(13 7.2 0) |
(6 .15 ) |
(14 9.7 7) |
(5 ) 60 .66 |
(9 ) 02 .16 |
(l, 31 9. 94 ) |
|
| To l t ta ax ex pe ns es |
2, 13 9.5 3 |
3,7 20 .13 |
1,4 20 .19 |
8,9 61 .56 |
7, 12 8.9 7 |
9,8 57 .44 |
|
| 9 | Ne fit fo he iod t p r t ro p er |
8,6 20 .03 |
12 ,50 1.7 8 |
5,8 85 .11 |
32 ,72 1.0 5 |
28 7.3 2 ,75 |
38 ,62 8.5 9 |
| 10 | he e i f t Ot eh siv e ( ) t o r c om pr en nc om ne ax |
(16 3.1 2) |
18 .68 |
(4 1.8 9) |
(17 ) 2. 20 |
(12 8) 5.6 |
(10 0.2 2) |
| JI | To l c eh siv e i for th iod ta om pr en nc om e e p er |
8,4 56 .91 |
12 ,52 0.4 6 |
5,8 43 .22 |
32 ,54 8.8 5 |
28 ,63 1.6 4 |
38 ,52 8.3 7 |
| 12 | Ne t P fit tri bu tab le at to ro : |
||||||
| • O wn er s |
7,4 98 .50 |
11, 12 8.8 7 |
4,7 85 .20 |
29 ,03 7. 85 |
25 ,95 0.7 6 |
34 ,64 8.6 8 |
|
| oll in int - N ntr est on -co g er s |
1,1 21 .53 |
1,3 72 .90 |
1,0 99 .91 |
3,6 83 .20 |
2,8 06 .56 |
3,9 79 .9 1 |
|
| Ot he eh siv inc ibu tab le ttr to r c om e a : om pr en e |
|||||||
| • O wn er s |
(16 1.3 1) |
20 .50 |
(4 2) 1.0 |
(16 6) 6.7 |
(12 8) 3.0 |
(9 1) 3.9 |
|
| oll in g i • N ntr nt est on -co er s To tal reh siv e i ibu tab le |
(l 1) .8 |
(1 ) .82 |
(0 ) .87 |
(5 ) .44 |
(2 .60 ) |
(6 .3 1) |
|
| ttr to nc om e a : co mp en -O |
37 .19 |
ll 9.3 8 |
44 .18 |
28 1.0 9 |
|||
| wn er s int oll in • N est ntr er s |
7,3 l,l l9 .72 |
,14 1,3 71 .08 |
4,7 99 .04 |
,87 77 .76 |
25 ,82 7.6 8 03 .96 |
34 ,55 4.7 7 73 .60 |
|
| on -co g 11- Pa id uit sh ita l ( fac alu f R ar e c e o e. up eq y ap e v p er |
1,0 | 3,6 | 2,8 | 3,9 | |||
| 13 | sh e) ar |
1,3 62 .46 |
1,3 62 .46 |
1,3 62 .46 |
1,3 62 .46 |
1,3 62 .46 |
1,3 62 .46 |
| 14 | 11- sh alu f R Ea in e ( fac sh e) rn gs p er ar e v e o e. ar p er |
||||||
| (a ) B ic (in s.) R as |
5.5 0 |
8.1 7 |
3.5 1 |
21 .3 1 |
19 .05 |
25 .43 |
|
| ilu ted in (b ) D ( Rs .) e |
5.5 0 |
8.1 7 |
3.5 1 |
21 .3 1 |
19 .05 |
25 .43 |
|
| Ot he ity (e lu din alu ati s) r e qu xc g r ev on re ser ve |
1,3 9,0 06 .40 |
||||||
| Se in th e f ina ial lts ote to e a g n nc re su cc om pa ny |
Notes:
The above Financial results have been prepared in accordance with Indian Accounting Standards as prescribed under section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and the Companies (Indian Accounting Standards) Amendment Rules, 2016.
2 The above unaudited results were reviewed by the Audit Committee at its meeting on January 29, 2021 and approved by the Board of Directors at its meeting held on February 4, 2021. The statutory auditors of the company has carried out a Limited Review of the above results
3 The Company has taken into account the possible impact ofCOVID-19 in preparation of the unaudited financial results including its assessment of recoverable value of its assets based on internal and external information for the quarter ended 31st December 2020. Based on the assessment done by the management of the Company, there is not much impact ofCOVID-19 on the results for the quarter ended December 31, 2020. The Company will be closely monitoring any material changes to future economic conditions.
4 Removal of the name of the wholly owned subsidiary of the Company "SV!MSAN Exports & Imports Pvt Ltd" u/s 248(2) of the Companies Act, 2013: The SVIMSAN has approached ROC for removal of its name from Register of Companies u/s 248(2) during Q4 of 2019-2020. All the necessary statutory procedures have been complied with and the removal of name by the ROC from the Register of Company is awaited. Since the process of removal of name by ROC is under progress, accounts ofSVIMSAN is not considered for consolidation.
5 Corresponding previous period figures have been regrouped/reclassified wherever necessary.
Corporate Office: G-2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad-500082, Telangana State, India. . +91 140) 23310260 /61 .!! +91 140) 23311604 (t11 www.avantifeeds.com
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avantihoraavantifeeds.com
Consolidated unaudiled Segment information for the quarter and Nine months ended Dec 31, 2020 as per regulation 33 ofSEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.
| (R la kh les th In s. s un s o er |
|||||||
|---|---|---|---|---|---|---|---|
| nd ed Qu E ter ar |
Ni ne m on |
th s E nd ed |
nd ed Ye E ar |
||||
| SI. No |
Pa icu la rt rs |
De c 3 1, 20 20 |
Se 30 ,2 02 0 pt |
De c 3 1, 20 19 |
c 3 1, 20 20 De |
De c 3 1, 20 19 |
M ch 3 1, 20 20 ar |
| Un di ted au |
di ted Un au |
di ted Un au |
di ted Un au |
Un di ted au |
Au di ted |
||
| I | Se t R ev en ue gm en |
||||||
| d a) Sh rim p F ee |
67 ,67 7.7 2 |
89 ,63 7.7 6 |
65 ,74 9.6 7 |
2,3 5,0 50 .50 |
2,3 9,6 34 .80 |
3,1 6, 09 3.8 2 |
|
| d S b) P hr im ro ce sse p |
23 ,90 9.8 4 |
23 ,57 7.4 8 |
26 ,50 2.9 1 |
65 ,4 15 .90 |
68 ,42 5.8 1 |
95 ,49 0.4 2 |
|
| c) Po we r |
27 .42 |
62 .02 |
18 .49 |
13 3.5 4 |
146 .73 |
16 3.3 4 |
|
| Gr al es/ in ing at os s s op er co m e |
91 ,6 14 .98 |
1,1 3,2 77 .26 |
92 ,27 1.0 7 |
3,0 0, 59 9.9 4 |
3,0 8,2 07 .34 |
4, 11 ,7 47 .58 |
|
| e Int t r er ev en ue se gm en |
(7 1.7 5) |
(1 15 .09 : |
(2 ) .22 |
(3 ) 54 .53 |
(15 9.0 0: |
(2 18 .43 ) |
|
| fr Ne t R ati ev en ue om op er on s |
91 ,54 3.2 3 |
1,1 3, 16 2. 17 |
92 ,26 8.8 5 |
3, 00 ,24 5.4 1 |
3,0 8,0 48 .34 |
4,1 1,5 29 .15 |
|
| 2 | lts Se t R gm en esu |
||||||
| a) Sh rim Fe ed p |
5,8 60 .16 |
10 ,53 1.3 2 |
2,7 07 .86 |
25 ,88 9.7 1 |
23 ,33 0.4 8 |
31 ,80 2.6 5 |
|
| b) d S P hr im ro ce sse p |
2,2 00 .19 |
3,8 24 .59 |
2,7 33 .04 |
8,4 79 .26 |
6,7 32 .26 |
9,7 78 .97 |
|
| c) Po w er |
(6 ) .40 |
26 .14 |
( 1 6) 1.5 |
33 .36 |
52 .88 |
38 .33 |
|
| To tal |
8,0 53 .95 |
14 ,38 2.0 5 |
5,4 29 .34 |
34 ,40 2.3 3 |
30 ,11 5. 62 |
41 ,6 19 .95 |
|
| Le : In ter est ss |
48 .64 |
20 .23 |
67 .50 |
94 .80 |
130 .93 |
19 8.7 9 |
|
| Ad d Un -A llo ted Inc of Un -A llo ble t ca om e ne ca |
|||||||
| Ex nd itu pe re |
2,8 22 .22 |
1,8 73 .74 |
1,9 60 .15 |
7,4 31 .83 |
5,8 61 .48 |
7,0 23 .47 |
|
| l i Ad d/ (L s) tio tem : E s es xc ep na |
- | - | - | - | - | - | |
| : S ha of of A ed Ad d/ (L s) Pr of it/ (L s) E ity nt es re os qu cc ou |
|||||||
| Inv est ee s |
(67 .97 \ |
(13 .65 ) |
(16 .69 ) |
(5 6.7 5) |
40 .12 |
41 .40 |
|
| l P fit efo To B T ta ro re ax |
10 ,75 9.5 6 |
16 ,22 1.9 1 |
7,3 05 .30 |
41 ,6 82 .6 1 |
35 ,88 6.2 9 |
48 ,48 6.0 3 |
|
| 3 | Se t A ets en ss |
||||||
| gm d a) p F Sh rim ee |
76 ,97 5.4 4 |
61 ,3 84 .48 |
84 ,55 2.7 8 |
76 ,97 5.4 4 |
84 2.7 8 |
80 2.6 1 |
|
| b) P d S hr im ro ce sse p |
49 ,34 9.0 4 |
39 ,64 1.5 9 |
46 ,30 3.7 1 |
49 ,34 9.0 4 |
,55 46 ,30 3.7 1 |
,23 40 ,02 4.4 3 |
|
| c) Po w er |
3,6 38 .93 |
3,6 82 .06 |
3,7 41 .19 |
3,6 38 .93 |
3,7 41 .19 |
3,7 16 .57 |
|
| d) U all d ate n- oc |
99 ,44 9.1 0 |
1,1 4, 32 9.0 0 |
61 ,9 70 .17 |
99 ,44 9. 10 |
61 ,9 70 .17 |
64 ,02 1.4 4 |
|
| l To -e- ta |
2,2 9,4 12 .5 1 |
2, 19 ,03 7. 13 |
1,9 6,5 67 .85 |
2,2 9,4 12 .5 1 |
1,9 6,5 67 .85 |
1,8 7,9 95 .05 |
|
| iab ili tie Se t L s gm en |
|||||||
| ed a) Sh rim Fe p |
29 ,68 7.9 6 |
26 ,46 1.8 5 |
30 ,64 3.0 6 |
29 ,68 7.9 6 |
30 ,64 3.0 6 |
19 ,4 12 .50 |
|
| b) P d S hr im ro ce sse p |
4,7 52 .02 |
4,9 03 .35 |
4,2 28 .37 |
4,7 52 .02 |
4,2 28 .37 |
4, 69 7.9 4 |
|
| c) Po w er |
32 .95 |
0.2 3 |
31 .02 |
32 .95 |
31 .02 |
31 .25 |
|
| d) Un -al lo ted ca |
3,1 29 .9 1 |
4,3 18 .88 |
3,8 73 .97 |
3, 12 9.9 1 |
3,8 73 .97 |
4,3 76 .0 1 |
|
| l To ta |
37 ,60 2.8 4 |
35 ,68 4.3 1 |
38 ,77 6.4 2 |
37 ,60 2.8 4 |
38 6.4 2 ,77 |
28 17 .70 ,5 |
Place : Hyderabad Date : February 4, 2021 DIN: 00190168
T(JKARAM & CO LLP CHARTERED ACCOUNTANTS
Independent Auditor's Review Report on Quarterly and Year to Date unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To The Board of Directors of AVANT! FEEDS LIMITED
We have reviewed the accompanying statement of unaudited standalone financial results of AVANTI FEEDS LIMITED ("Company"), having registered office at Flat No.103, Ground Floor, R Square, Pandurangapuram, Visakhapatnam - 530003, Andhra Pradesh, for the quarter ended December 31, 2020 and year to date results for the period 01 April 2020 to 31 December 2020 ("the statement"), attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 ('the Regulation') as amended, read with SEBI Circular No. CIR/CFD/CMDl/80/2019 dated July 19, 2019 ('the Circular'). This statement, which is the responsibility of the Company's management and approved by the Company's
Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, Our responsibility is to express a conclusion on the
statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. A review of lnterlm financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit, accordingly, we do not
express an audit opinion. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ("Ind AS") specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.
ForTUKARAM & CO LLP Chartered Accountants (Firm Registration No.004436S)
(RAJ�EN��-- )
PARTNER M.No.231384 UDIN: 21231834AAAAAl4775
Place: Hyderabad Date: 04/02/2021
3-6-69, Flat No. 209, Venkatarama Towers, Opp. Talwalkars, Basheerbagh, Hyderabad - 500 029. E-mail : [email protected]
| lts fo nd ni th nd ed be D rte r q r a ne m on s e ec em ua |
r 3 1, 20 20 |
|---|---|
| ------------------------------------------------------------------------------------------------------------------- | ----------------------- |
| (R In lak hs nl th wi ed st at s. , u es s o er se |
|||||||
|---|---|---|---|---|---|---|---|
| nd ed Qu E ter ar |
Ni ne m on |
th nd ed s E |
nd ed Ye E ar |
||||
| SI No |
icu la Pa rt rs |
De c 3 1, 20 20 |
Se 30 ,20 20 pt |
De c 3 1, 20 19 |
De c 3 1, 20 20 |
De c 3 1, 20 19 |
ch M 3 1, 20 20 ar |
| Un di ted au |
di ted Un au |
di d Un te au |
Un di d te au |
di ted Un au |
Au di d te |
||
| 1 | In co m e |
||||||
| e f a) Re ati ve nu rom op er on s |
67 ,70 5.1 4 |
89 ,69 9.7 7 |
65 ,76 8.1 6 |
2,3 18 4.0 4 5, |
2,3 9,7 81 .53 |
3, 16 ,25 7.1 6 |
|
| the r i b) O nc om e |
1,9 52 .57 |
1,7 81 .16 |
1,5 84 .14 |
5,4 97 .80 |
4,7 24 .21 |
6,0 61 .8 1 |
|
| l in To ta co m e |
69 ,65 7.7 1 |
91 ,4 80 .93 |
67 ,35 2.3 0 |
2,4 0,6 81 .84 |
2,4 4,5 05 .74 |
3,2 2,3 18 .97 |
|
| 2 | Ex pe ns es |
||||||
| a) Co of ria ls ed st ate m co ns um |
54 ,10 5.4 5 |
69 ,61 2. 11 |
56 ,9 85 .25 |
1,8 6, 95 3.9 0 |
1,9 5,7 36 .48 |
2,6 0,3 84 .01 |
|
| b) ch e b P bi olo gic al ts ur as ea rer as se |
35 .87 |
- | - | 35 .87 |
- | - | |
| & s i inv rie f f ini sh ed ork in c) Ch to ds n en s o w an ge g oo |
|||||||
| pr og re ss |
1,5 66 .78 |
2,0 96 .87 |
40 2.0 6 |
2,8 77 .55 |
1,5 61 .02 |
(l, 58 5.6 7) |
|
| e b efi d) Em plo ts en ye ex pe ns e |
2,3 77 .79 |
3,0 03 .93 |
1,9 32 .39 |
7,8 75 .95 |
7,0 03 .27 |
9,3 39 .93 |
|
| Fin e) sts ,. an ce co |
9.0 2 |
17 .16 |
17 .89 |
35 .35 |
63 .41 |
12 1.2 3 |
|
| & tis ati iat ion f) De am or on pr ec ex pe ns e |
52 3.0 9 |
51 9. 30 |
49 1.1 2 |
1,5 64 .92 |
1,5 64 .56 |
2,0 98 .56 |
|
| g) Ot he r e xp en se s |
3,2 65 .07 |
3,9 26 .08 |
3,2 60 .89 |
10 ,0l l.5 6 |
10 ,53 2.4 2 |
14 ,32 3.4 2 |
|
| tal To ex pe ns es |
61 ,8 83 .07 |
79 ,17 5.4 5 |
63 ,0 89 .60 |
2,0 9,3 . l O 55 |
2, 16 ,46 1.1 6 |
2,8 4,6 81 .48 |
|
| 3 | ofi t b efo ion al ite nd Pr pt ta re ex ce m s a x |
7,7 74 .64 |
12 ,30 5.4 8 |
4,2 62 .70 |
31 ,3 26 .74 |
28 ,04 4.5 8 |
37 ,63 7.4 9 |
| 4 | Ex ion al ite pt ce ms |
- | - | - | - | - | - |
| 5 | of it be for Pr e t ax |
7,7 74 .64 |
12 ,30 5.4 8 |
4,2 62 .70 |
31 ,3 26 .74 |
28 ,04 4.5 8 |
37 ,63 7.4 9 |
| 6 | Ta x e xp en se s |
||||||
| I. C t t ur ren ax |
1,7 14 .27 |
3,0 21 .24 |
1,0 42 .36 |
7,6 58 .00 |
6,6 85 .70 |
9,3 21 .45 |
|
| 2. De fer red ta x |
18 6.1 9 |
90 .53 |
78 .02 |
8.2 6 |
(3 12 .80 ) |
(28 1.6 3) |
|
| tal To ta x e xp en se |
1,9 00 .46 |
3,1 11 .77 |
1,1 20 .38 |
7,6 66 .26 |
6,3 72 .90 |
9,0 39 .82 |
|
| 7 | Ne fit fo he iod t p r t ro p er |
5,8 74 .18 |
9,1 93 .71 |
3, 14 2.3 2 |
23 ,66 0.4 8 |
21 ,6 71 .68 |
28 ,59 7.6 7 |
| 8 | he e i e ( f t ) Ot eh siv t o r c nc om ne ax om pr en |
(15 8.5 8' |
23 .21 |
(39 ) .73 |
(15 9) 8.5 |
(11 ) 9. 19 |
(84 ) .44 |
| 9 | To tal e i he iv nc om e co mp re ns |
5,7 15 .60 |
9,2 16 .92 |
3,1 02 .59 |
23 ,50 1.8 9 |
21 ,55 2.4 9 |
28 ,5 13 .23 |
| 10 | Pa id sh lue f R uit pit al (fa I/- are va o e. up eq y ca ce p er |
||||||
| sh e) ar |
1,3 62 .46 |
1,3 62 .46 |
1,3 62 .46 |
1,3 62 .46 |
1,3 62 .46 |
1,3 62 .46 |
|
| ll | P Sh e ( fac alu f R el/ sh e) Ea in er ar e v e o - p er ar rn gs |
||||||
| I} Ba sic (i s.) n R |
4.3 1 |
6.7 5 |
2.3 1 |
17 .37 |
15 .91 |
20 .99 |
|
| Di lut ed 2) (i .) Rs n |
4.3 1 |
6.7 5 |
2.3 1 |
17 .37 |
15 .91 |
20 .99 |
|
| Ot he (e lud in alu ati ) ity r e xc g r ev on re se rv es qu |
1,1 8,5 94 .17 |
||||||
| Se ing the fi ial lts te to e a cc om pa ny no na nc re su |
Notes:
The above Financial results have been prepared in accordance with Indian Accounting Standards as prescribed under section I 33 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and the Companies (Indian Accounting Standards) Amendment Rules, 2016.
2 The above.Financial results were reviewed by the Audit Committee at its meeting on January 29, 2021 and approved by the Board of Directors at its meeting held on February 4, 2021.
- 3 The Company has taken into account the possible impact ofCOVID-19 in preparation of the unaudited financial results including its assessment of recoverable value of its assets based on internal and external information for the quarter ended 31st December 2020. Based on the assessment done by the management of the Company, there is not much impact of COVID-19 on the results for the quarter ended December 31, 2020. The Company will be closely monitoring any material changes to future economic conditions.
- 4 Removal of the name of the wholly owned subsidiary of the Company "SVIMSAN Exports & Imports Pvt Ltd" u/s 248(2) of the Companies Act, 2013: The SVIMSAN has approached ROC for removal of its name from Register of Companies u/s 248(2) during Q4 of 2019-2020. All the necessary statutory procedures have been complied with and the removal of name by the ROC from the Register of Company is awaited. Since the process of removal of name by ROC is under progress, accounts ofSVIMSAN is not considered for consolidation.
5 Corresponding previous period figures have been regrouped/reclassified wherever necessary.
Corporate Office: G-2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad-500082, Telangana State, India. .. +91 !40) 23310260/61 !!i +91 !40) 23311604 www.avantifeeds.com avantiholclavantifeeds.com
Registered Office: Flat No.103, Ground Floor, R Square, Pandurangapuram, Visakhapatnam - 530003, Andhra Pradesh, India. CIN: L 16001AP1993PLC095778
Standalone unaudited Segment information for the quarter and nine months ended December 31, 2020 as per regulation 33 of SEBI (Listing Obligations and Dis�losure Requirement) Regulations, 2015.
| in lak hs nl th <r s. u es s o er</r |
wi ed ) st at se |
||||||
|---|---|---|---|---|---|---|---|
| Ou E nd ed ter ar |
Ni ne m on |
th s E nd ed |
nd ed Ye E ar |
||||
| SI No |
icu lar Pa rt s |
De c3 1,2 02 0 |
Se 30 ,2 02 0 pt |
De c 3 1,2 01 9 |
De c 3 1 2 02 0 |
De c 3 1, 20 19 |
ch M 3 1, ar 20 20 |
| Un di ted au |
Un di ted au |
Un di d te au |
di ted Un au |
di ted Un au |
Au di ted |
||
| I | t R Se ev en ue gm en |
• | |||||
| d a) Sh rim p F ee |
67 ,67 7.7 2 |
89 ,63 7.7 5 |
65 ,74 9.6 7 |
2,3 5,0 50 .50 |
2, 39 ,63 4.8 0 |
3, 16 ,09 3.8 2 |
|
| b) ind W P ow er |
27 .42 |
62 .02 |
18 .49 |
13 3.5 4 |
14 6.7 3 |
16 3.3 4 |
|
| Gr s S al / fro In ion at os es co m e m op er s |
67 ,70 5. 14 |
89 ,69 9.7 7 |
65 ,76 8. 16 |
2,3 18 4. 04 5, |
2,3 9,7 81 .53 |
3, 16 ,25 16 7. |
|
| 2 | Se t R lts gm en esu |
||||||
| a) Sh rim ed Fe p |
5,8 37 .49 |
10 ,5 15 .35 |
2,7 08 .0 1 |
25 ,83 0.9 3 |
23 ,33 0.9 0 |
31 ,6 58 .58 |
|
| b) W ind P ow er |
(6. 40 \ |
26 .14 |
(1 6) 1.5 |
33 .36 |
52 .88 |
38 .33 |
|
| ,• tal To |
5,8 31 .09 |
10 ,54 1.4 9 |
2,6 96 .45 |
25 ,86 4.2 9 |
23 ,38 3.7 8 |
31 ,6 96 .9 1 |
|
| Le : In ter est ss |
9.0 2 |
17 .16 |
17 .89 |
35 .35 |
63 .41 |
12 1.2 3 |
|
| Ad d: U Al loc d Inc of U Al lo bl ate et n- om e n n- ca e nd itu Ex pe re Ad d/ Le : E tio l it ss em s xc ep na |
1,9 52 .57 - |
1,7 81 .16 - |
1,5 84 .14 - |
5,4 97 .80 - |
4,7 24 .21 - |
6,0 61 .8 1 - |
|
| l P fit ef To B e T ta ro or ax |
7,7 74 .64 |
12 ,30 5.4 9 |
4,2 62 .70 |
31 ,32 6.7 4 |
28 ,04 4. 58 |
37 ,63 7.4 9 |
|
| 3 | t A Se ts gm en sse : a) p F d Sh rim ee b) ind W P ow er |
76 ,97 5.4 4 50 5.8 0 |
61 ,3 84 .47 48 0.9 6 |
84 ,55 2.7 8 55 4. 60 |
76 ,97 5.4 4 50 5.8 0 |
84 ,55 2.7 8 4.6 0 55 |
80 ,23 2.6 2 52 8.6 9 |
| -al loc d c) Un ate |
1,0 0,5 43 .4 1 |
1,0 8, 14 5.4 9 |
71 ,5 82 .0 5 |
1,0 0,5 43 .4 1 |
71 ,5 82 .05 |
64 ,5 37 .22 |
|
| To l: ta |
1,7 8,0 24 .65 |
1, 7 0,0 10 .92 |
1,5 6,6 89 .43 |
1,7 8,0 24 .65 |
1,5 6,6 89 .43 |
1,4 5,2 98 .53 |
|
| 4 | iab ili tie Se t L s gm en |
||||||
| a) Sh rim Fe ed p |
29 ,6 87 .96 |
26 ,46 1.8 6 |
30 ,64 3.0 6 |
29 ,68 7.9 6 |
30 ,64 3.0 6 |
19 ,56 3.3 7 |
|
| ind b) W P ow er |
32 .95 |
0.2 3 |
31 .02 |
32 .95 |
31 .02 |
31 .25 |
|
| Un -al lo ted c) ca |
4, 98 1.4 7 |
5,9 42 .17 |
4, 80 4.5 2 |
4,9 81 .47 |
4, 80 4.5 2 |
5,7 47 .28 |
|
| l: To ta |
34 ,70 2.3 8 |
32 ,40 4.2 6 |
35 ,47 8.6 0 |
34 ,70 2.3 8 |
35 ,47 8.6 0 |
25 ,34 1.9 0 |
Place: Hyderabad Date : February 4, 2021 DIN: 00190168
I. Extract of consolidated unaudited Financial Results for the Quarter and nine months ended December 31, 2020
| (R s. |
les In la kh s, un |
th wi ed ) st at s o er se |
||
|---|---|---|---|---|
| Qu ter ar |
Ni th ne m on s |
Qu ter ar |
nd ed Ye E |
|
| icu lar Pa rt s |
de d En De c 3 1, |
de d En De c 3 1, |
de d En De c 3 1, |
ar ch M 3 1, 20 20 ar |
| 20 20 |
20 20 |
20 19 |
||
| di d Un te au |
di ted Un au |
di d Un te au |
Au di d te |
|
| To tal In fr (N et) O tio co me om pe ra ns |
91 ,54 3.2 3 |
3,0 0,2 45 .4 1 |
92 ,26 8.8 5 |
4, 11 ,5 29 .15 |
| fit f th x & ite s) Ne t P eri od (b efo pti al ta ro or e p m re ex ce on |
10 ,75 9.5 6 |
41 ,6 82 .61 |
7,3 05 .30 |
48 ,48 6.0 3 |
| Ne fit fo he rio d b ef {a fte tio l it s) t p r t e t ro pe or ax r e xc ep na em |
10 ,75 9.5 6 |
41 ,6 82 .6 1 |
7,3 05 .30 |
48 ,48 6.0 3 |
| fit fo he rio d a fte (a fte tio l it s) Ne t p r t r t ro pe ax r e xc ep na em |
8,6 20 .03 |
32 ,72 1.0 5 |
5,8 85 .11 |
38 ,62 8.5 9 |
| To tal e i e f th for th C eh siv eri od (c isi of it eri od (a fte ) r t nc om or e p e p om pr en om pr ng pr ax |
||||
| d oth e i reh siv e ( aft ) tax an er nc om co mp en er |
8,4 56 .91 |
32 ,54 8.8 5 |
5,8 43 .22 |
38 ,52 8.3 7 |
| Sh Eq uit e C ita l ar y ap |
1,3 62 .46 |
1,3 62 .46 |
1,3 62 .46 |
1,3 62 .46 |
| Ot he ity (e lud in alu ati s) r e qu xc g r ev on re ser ve |
1,3 9,0 06 .40 |
|||
| in Sh (a rd in it s) (fa lu f R 1/- ch ) Ea P fte xtr rn gs er are r e ao ary em ce va e o e ea |
||||
| Ba sic |
5.5 0 |
21 .3 1 |
3.5 1 |
25 .43 |
| Di lut ed |
5.5 0 |
21 .3 1 |
3.5 1 |
25 .43 |
Note:
- Additional infonnation on Standalone unaudited Financial Results is as follows:
| (R s. |
la kh les In s, un |
th wi ed ) st at s o er se |
||
|---|---|---|---|---|
| rti lar Pa cu s |
Qu ter ar de d En De c 3 1, 20 20 |
Ni th ne m on s de d En De c 3 1, 20 20 |
Qu ter ar de d En De c 3 1, 20 19 |
nd ed Ye E ar ch M 3 1, 20 20 ar |
| di ted Un au |
di ted Un au |
di ted Un au |
di ted Au |
|
| l I e f tio (N et) To O ta nc om ro m pe ra ns |
67 ,7 05 .14 |
2, 35 , 18 4. 04 |
65 ,7 68 .16 |
3, 16 ,25 7. 16 |
| Ne t P fit f the (b efo & ion al ite ) eri od tax pt ro or re ex ce ms p |
74 .64 7,7 |
31 ,3 26 .7 4 |
4,2 62 .7 0 |
37 ,63 7.4 9 |
| fit fo he rio d b efo (a fte tio l it s) Ne t P r t tax ro pe re r e xc ep na em |
7, 77 4. 64 |
31 ,3 26 .7 4 |
4, 26 2. 70 |
37 ,63 7.4 9 |
| Ne t P fit fo he rio d a fte (a fte tio l it s) r t r t ro ax pe r e xc ep na em |
5,8 74 .18 |
23 ,6 60 .4 8 |
3, 14 2. 32 |
28 ,59 7.6 7 |
| tal e i e f the fo he To C eh siv rio d (co ris in fit rio d ( aft ) r t tax nc om or om pr en pe mp g p ro pe er d o the eh siv e i e ( aft ) tax an r c om pr en nc om er |
5,7 15 .6 0 |
23 ,5 01 .8 9 |
3, 10 2. 59 |
28 ,51 3. 23 |
| Sh "' ui C ita l Eq ty are ap |
1,3 62 .4 6 |
1,3 62 .4 6 |
1,3 62 .4 6 |
1,3 62 .46 |
| he alu ati Ot ity (e lud in s) r e qu xc g r ev on re ser ve |
1,1 8, 59 4. 17 |
|||
| Sh alu f R 1/- in P e ( fac ch ) Ea er ar e v e o e. rn gs ea |
||||
| sic Ba |
4.3 1 |
17 .37 |
2.3 1 |
20 .99 |
| Di lut ed |
4.3 1 |
17 .37 |
2.3 1 |
20 .99 |
-
The above unaudited results were reviewed by the Audit Committee at its meeting on January 29, 2021 and approved by the Board of Directors at its meeting held on February 4, 2021. The statutory auditors of the company has carried out a Limited Review of the above results.
-
The above is an extract of the detailed format of the standalone and consolidated unaudited Financial Results for the quarter and nine months ended December 31, 2020 filed with the Stock Exchange under Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full Format of the standalone and consolidated unaudited Financial Results for the quarter and nine months ended December 31, 2020 are available on the Stock Exchange websites (www.nseindia.com, www.bseindia.com) and Company's website at http://www.avantifeeds.com/QuarterlyResults.php
DIN : 00190168
Place : Hyderabad Date : February 4, 2021
Corporate Office: G-2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad-500082, Telangana State, India. . +91 [40) 23310260 /61 +91140) 23311604 www.avantifeeds.com avantiholaavantifeeds.com
,,
Registered Office: Flat No.103, Ground Floor, R Square, Pandurangapuram, Visakhapatnam - 530003, Andhra Pradesh, India. CIN: L 16001AP1993PLC095778