Amira Nature Foods Ltd (NYSE:ANFI) interfered with its previous performance outlook that was issued in November. In a fresh guidance, the companies made a positive adjustment on revenue expectation in the coming year. It also expects a significant increase in its adjusted EBITDA in 2015.
New performance guidance
The Indian specialty rice company now expects its 2015 revenue to increase 25% over the revenue generated in 2014. The company originally anticipated 20% increase in revenue in the coming year. However, given the favorable market conditions domestically and internationally, Amira Nature Foods Ltd (NYSE:ANFI) believes growth in 2015 will be bigger than previously thought.
Since the company generated $547.3 million in revenue in 2014, the 25% growth forecast means that revenue in 2015 would likely come in the regions of $684.1 million. Analysts on the average expect the company to generate $688.47 million in revenue for 2015. Amira Nature Foods Ltd (NYSE:ANFI)’s 2014 revenue was up more than 33% from the previous year.
The company is not only optimistic about its top line growth, it also expects its adjusted EBITDA to increase 25% in the coming year. Adjusted EBITDA in 2014 was up 44% to $75.5 million, which means that 2015 EBITDA is expected to be in the region of $94.4 million.
Some analysts have cited that there are good chances that Amira Nature Foods Ltd (NYSE:ANFI) could outperform even its latest performance guidance for 2015.
So far so good
There is no doubt that the management and the shareholders of Amira Nature Foods Ltd (NYSE:ANFI) are happy about the company’s accomplishments. The company has posted positive performance in the recent quarters. A blend of strong execution and favorable market conditions have contributed to the encouraging performances.
Amira Nature Foods Ltd (NYSE:ANFI) reported revenue of $138.81 million in the most recent quarter. The figure was significantly up from the comparable quarter last year. The company also revealed almost $33 million in cash and equivalents at the end of the recent quarter.