AVRO India H1 FY23 Net Profit Up 397.62%

AVRO India Limited (NSE - AVROIND & BSE - 543512), One of the leading manufacturers of plastic moulded furniture products has announced its unaudited Financial Results for the Q2 & H1 FY23.

- Total Income for H1 FY23 at ?41.88 crore, 56.21% YoY growth
- EBITDA for H1 FY23 at ? 4.26 Crore, 225.19% YoY growth
- EPS for H1 FY23 at ? 2.08, 56% YoY growth

Commenting on the performance, Mr. Sushil Kumar Aggarwal, Chairman of AVRO India Limited said, "We have seen good demand for our product in Q2 which shows the marketing activates done by us to create brand awareness has started giving its result.

With high quality & durable products, Industry leading warranty & designs at an affordable price now paired with strong marketing has given a strong boost to our products and brand. We feel that strong demand will continue for our products and new launches and diversification will help the company to grow going forward."

Shares of AVRO INDIA LIMITED was last trading in BSE at Rs. 119.95 as compared to the previous close of Rs. 118.55. The total number of shares traded during the day was 7007 in over 203 trades.

The stock hit an intraday high of Rs. 120.00 and intraday low of 102.50. The net turnover during the day was Rs. 824720.00.

Source : Equity Bulls

Keywords

AVROINDIA INE652Z01017 Q2FY23 H1FY23 ResultUpdate