{"id":24230,"date":"2022-11-19T12:00:59","date_gmt":"2022-11-19T12:00:59","guid":{"rendered":"https:\/\/northwestnewstimes.com\/index.php\/2022\/11\/19\/avro-india-h1-fy23-net-profit-up-by-397-62\/"},"modified":"2022-11-19T12:00:59","modified_gmt":"2022-11-19T12:00:59","slug":"avro-india-h1-fy23-net-profit-up-by-397-62","status":"publish","type":"post","link":"https:\/\/northwestnewstimes.com\/index.php\/2022\/11\/19\/avro-india-h1-fy23-net-profit-up-by-397-62\/","title":{"rendered":"AVRO India H1 FY23 Net Profit up by 397.62%"},"content":{"rendered":"
\"\"<\/div>\n

\u2022 Revenue for H1 FY23 at \u20b9 41.88 Crore, 56.21 % YoY growth<\/p>\n

\u2022 EBITDA for H1 FY23 at \u20b9 4.26 Crore, 225.19 % YoY growth<\/p>\n

\u2022 EPS for H1 FY23 at \u20b9 2.08, 56% YoY growth<\/p>\n

Mumbai (Maharashtra) [India], November 18<\/strong>: AVRO India Limited\u00a0(NSE \u2013 AVROIND & BSE \u2013 543512),\u00a0One of the leading manufacturers of plastic moulded furniture products has announced\u00a0its unaudited Financial Results for the\u00a0Q2 & H1 FY23.\u00a0<\/p>\n

Key Financials at a Glance:<\/strong><\/p>\n

Q2 FY23<\/p>\n

Total Income for Q2 FY23 at\u00a0\u20b9\u00a021.56\u00a0Crore\u00a0against\u00a0\u20b9\u00a014.67Crore\u00a0in Q2 FY22,\u00a046.97% YoY growth<\/p>\n

EBITDA for Q2 FY23 at\u00a0\u20b9\u00a02.09\u00a0Crore\u00a0against\u00a0\u20b9\u00a01.21\u00a0Crore\u00a0in Q2 FY22,\u00a072.73\u00a0% YoY growth<\/p>\n

EBITDA Margin for Q2 FY23 at\u00a09.69\u00a0%\u00a0against\u00a08.25\u00a0%\u00a0in Q2 FY22,\u00a0145\u00a0bps YoY growth<\/p>\n

Net Profit for Q2 FY23 at\u00a0\u20b9\u00a01.05\u00a0Crore\u00a0against\u00a0\u20b9\u00a00.78\u00a0Crore\u00a0in Q2 FY22,\u00a034.62\u00a0% YoY growth<\/p>\n

Net Profit Margin for Q2 FY23\u00a0reported\u00a0at\u00a04.87\u00a0%<\/p>\n

H1 FY23<\/p>\n

Total Income for H1 FY23 at\u00a0\u20b9\u00a041.88\u00a0Crore\u00a0against\u00a0\u20b9\u00a026.81Crore\u00a0in H1 FY22,\u00a056.21\u00a0% YoY growth<\/p>\n

EBITDA for H1 FY23 at\u00a0\u20b9\u00a04.26\u00a0Crore\u00a0against\u00a0\u20b9\u00a01.31\u00a0Crore\u00a0in H1 FY22,\u00a0225.19\u00a0% YoY growth<\/p>\n

EBITDA Margin for H1 FY23 at\u00a010.17\u00a0%\u00a0against\u00a04.89\u00a0%\u00a0in H1 FY22,\u00a0529\u00a0bps YoY growth<\/p>\n

Net Profit for H1 FY23 at\u00a0\u20b9\u00a02.09\u00a0Crore\u00a0against\u00a0\u20b9\u00a00.42\u00a0Crore\u00a0in H1 FY22,\u00a0397.62\u00a0% YoY growth<\/p>\n

Net Profit Margin for H1 FY23 at\u00a04.99\u00a0%\u00a0against\u00a01.57\u00a0%\u00a0in H1 FY22,\u00a0342\u00a0bps YoY growth<\/p>\n

Commenting on the performance,\u00a0Mr. Sushil Kumar Aggarwal, Chairman\u00a0of AVRO India Limited\u00a0said, \u201cAfter strong performance in Q2 FY22, we continue to march strongly in FY23. Although first and second quarter is normally subdued as no festive season during the period, the Company managed to report impressive numbers. During the quarter, we have expanded our presence PAN India through offline mode while our online sales are doing extremely well.<\/p>\n

\u00a0The key attraction for the quarter and FY23 would be our initiative on Green Company and optimization of costs which will reflect in our\u00a0bottom line\u00a0going forward.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\u2022 Revenue for H1 FY23 at \u20b9 41.88 Crore, 56.21 % YoY growth \u2022 EBITDA for H1 FY23 at \u20b9 4.26 Crore, 225.19 % YoY growth \u2022 EPS for H1 FY23 at \u20b9 2.08, 56% YoY growth Mumbai (Maharashtra) [India], November 18: AVRO India Limited\u00a0(NSE \u2013 AVROIND & BSE \u2013 543512),\u00a0One of the leading manufacturers […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[1343],"class_list":["post-24230","post","type-post","status-publish","format-standard","hentry","category-business-news","tag-business"],"_links":{"self":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/24230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=24230"}],"version-history":[{"count":0,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/24230\/revisions"}],"wp:attachment":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=24230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=24230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=24230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}