Aquaculture feed manufacturer Avanti Feeds Ltd on Tuesday reported a 54.9% year-on-year decline in net profit to ₹69 crore for the second quarter of FY27, compared with ₹153 crore in the corresponding quarter last year. Revenue from operations increased 8.9% to ₹1,752.5 crore from ₹1,609 crore a year ago.
Earnings before interest, tax, depreciation and amortisation declined 59.8% year-on-year to ₹78 crore from ₹194 crore. The EBITDA margin contracted to 4.45% in the September quarter from 12% in the year-ago period. It operates with a coherent supply chain and a farm-to-fork model using a vertically integrated infrastructure of aquaculture farms, feed mills, hatcheries and processing plants.
The company also exports feed products to Sri Lanka and Bangladesh. On Monday , shares of Avanti Feeds Ltd ended at ₹724.60, down by ₹6.00, or 0.82%, on the BSE.