Avanti Feeds Declares Q4 Results, Receives 'Buy' Call from MarketsMOJO

Despite a flat financial performance in the last quarter, Avanti Feeds, a leading player in the aquaculture industry, has received a 'Buy' call from MarketsMOJO. The company recently declared its financial results for the quarter ending March 2024, with a score of -1, a decline from 8 in the previous quarter.

One of the key factors contributing to this decline is the Profit Before Tax (PBT) which has fallen by -5.75% year on year, standing at Rs 114.31 crore. The near term trend for PBT is also negative. Additionally, the company's non-operating income has increased to Rs 36.45 crore, the highest in the last five quarters. However, this increase in income from non-business activities may not be sustainable.

Despite these challenges, Avanti Feeds remains a strong player in the aquaculture industry with a midcap size. The company has a strong track record and has been a key player in the industry for many years. With a positive and informative tone, it can be said that Avanti Feeds has the potential to bounce back and continue its growth trajectory in the future. Investors can keep an eye on this stock as it has received a 'Buy' call from MarketsMOJO.