Avanti Feeds stock has a good rating on a year-on-year basis (YoY) basis, dropping by 31%, the firms lowest level in 15 weeks . Avanti Feeds reported a total revenue of Rs 1,247.2 crore (Rs 12,472 million) for the quarter ended September 2022 .
Avanti Feeds' share price has fallen sharply on the bourses.Avanti Feeds' stock has a good rating on a year-on-year basis (YoY) basis, dropping by 31%, the firm's lowest level in 15 weeks.Poor quarterly results Avanti Feeds reported a total revenue of Rs 1,247.2 crore (Rs 12,472 million) for the quarter ended September 2022.This is 15 percent lower than the June 2022 period.The same period's net income came in at Rs 665 million (m), which is 10 percent lower than the previous year's results.In 2021 and early 2022, there was a rise in shrimp demand from the United States and Europe.However, recently, the demand has plummeted.Until recently, China was a major shrimp importer.However, the enactment of new lockdowns has stifled the demand. The price of 50 counts of shrimp has decreased to Rs 270.In the month before, it was Rs 360.The price for 60 counts of shrimp has fallen to Rs 250 per kilo, down from Rs 345 the previous month.Traders also bought products at low prices, indicating that the decrease in exports has also impacted the aquaculture industry.The company's revenue has also been affected by a drop in demand as a result of a higher cost of production, low demand, and a decrease in demand. The company has also suffered a market decline due to a delay in commissioning its new feed plant in Andhra Pradesh.Industry analysts also agree that if the state governments intervention in feed prices continues, the same effect could have on profits.This has dampened optimism and made the company's near-term future uncertain.Nonetheless, this is not the first time it has been attempted Avanti Feeds' shares fell by 20-25% in 2018, the country's largest shrimp feed maker's worst annual decline since it was listed in 2011, according to Bloomberg results. Avanti Feeds was able to profit from the escalating demand for seafood products and the government's emphasis on seafood exports.Will history repeat itself?Will Avanti Feeds become one of the multibagger stocks in 2023?We will have to wait for the future.About Avanti FeedsAvanti Feeds is an Indian firm specializing in the production of prawn and fish feeds as well as a shrimp processing. The shrimp feed segment generates the most revenue.Its most income comes from India, and it has a presence in the United States and the rest of the world.Its food includes prawn feed, scampi feed, and fish feed.Avanti Feeds declared a 625 percent dividend per share for March 2022 (roughly Rs 6.2 per share) (A disclaimer:.)