Avanti Feeds dividend 2023: Board announces 625% payout

Avanti Feeds dividend 2023: Board of Avanti Feeds on Wednesday announced a dividend of Rs 6.25 per equity share of the face value of Re 1 each fully paid up i.e., a 625 per cent payout for the financial year ended March 31, 2023. 

"Recommended a dividend of Rs. 6.25/- (Rupees Six and Twenty Five Paisa only) per equity share of face value of Rs.1 /- each fully paid-up, for the financial year ended March 31, 2023, subject to the approval of Members at the ensuing Annual General Meeting," the company's regulatory filing read. 

Avanti Feeds corporate actions

Source: BSE

Avanti Feeds Q4 results 

Avanti Feeds reported a consolidated net profit of Rs 93.34 crore for the Q4FY23, up 10.65 per cent against Rs 84.35 crore logged in the year-ago period. Revenue from operations stood at Rs 1,093 crore, down 18 per cent against Rs 1,332 crore registered in the March 2022 quarter. Click here to read more 

Avanti Feeds share price NSE, Avanti Feeds share price history 

At the time of writing this report, shares of the company were trading over 4 per cent higher to Rs 381.2 apiece on the NSE, up by 4.61 per cent or Rs 16.8. Avanti Feeds's stock has given a negative return of over 11 per cent in the last year (May 24, 2022). In comparison, the headline index Nifty 50 has rallied nearly 14 per cent.

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