Avanti Feeds is manufacturer of Prawn and Fish Feeds and Shrimp Processor and Exporter from India. It has established joint venture with Thai Union Frozen Products PCL., the world's largest seafood processors and leading manufacturer of prawn and fish feeds in Thailand with integrated facilities from Hatchery to Shrimp & Fish processing and Exports.

The stock was yesterday locked at the 20% UC on the back of its excellent numbers for Q4FY17, going on to hit a new 52-week high too.

Helped by a very strong bottomline and other income, the company ended the quarter with a net profit at Rs.90 crore, up 181% (YoY) on a 50% increase in total income at rs.704 crore. Of this, Rs.639 crore came via domestic sales – rise of 55% and Rs.60 crore from exports – up 13%. EBITDA came in strong at Rs.584 crore, up 12.5 times despite a 37% rise in total expenses. There was a 78% jump in other income at Rs.8 crore though tax outgo rose 3 times.

The company ended Fy17 with a consolidated total income at Rs.2733 crore, up 35% and net profit was at Rs.227 crore, up 43%. Equity is at Rs.9.08 crore and reserve very healthy at Rs.631 crore. EPS for the year stood at Rs.47.20 (FV of Rs.2).

The good news – borrowings stand at Rs.13.50 crore and it has cash balance of Rs.45 crore.