Close Menu
    Trending
    • Arnifi Experiences Growth in Export-Related Inquiries from Indian Businesses
    • Nidarshana Gowani Shines at Cannes 2025 in Red Zari Look as Daughter Trishla Celebrates Indian Art
    • Design Zone Redefines Luxury Interiors with 24 Years of Excellence Led by Ar. Sanjay and Sangeeta Gediya
    • Shree Nidhi Developers: Building Trust & Excellence Under the Leadership of Mr. Sanjay Gediya
    • HVAX Technologies Achieves Robust Net Profit Growth of 30% in FY25
    • Praveg Launches Praveg Resort Kachigam – A Premier Island Retreat in Daman
    • Worlds Largest Rigid Plastics Summit Highlights Growth in Injection Blow Moulding PET and Recycling
    • SEPC Ltd Announces INR 35 Crore Rights Issue; Bags INR 18 million Order from Bajaj Energy
    Republic News TodayRepublic News Today
    • Business
    • Entertainment
    • Education
    • Health
    • Lifestyle
    • National
    • World
    • Press Release
    Republic News TodayRepublic News Today
    Home»Business»AVRO India 9MFY23 Net Profit upa 253%
    Business

    AVRO India 9MFY23 Net Profit upa 253%

    By February 13, 2023No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Mumbai (Maharashtra) [India], February 13: AVRO India Limited(NSE – AVROIND & BSE – 543512), One of the leading manufacturers of plastic moulded furniture products has announced its audited Financial Results for the Q3FY23 and 9mFY23.

    Key Financials at a Glance:

    3QFY23:

    • Total Income at ₹82 crore; up 10.65%
    • EBITDA at ₹29 crore; up 73.48%
    • EBITDA margin at 10.49% Vs 6.74%
    • PAT at ₹19; up 138%
    • NPM at 5.45% Vs 2.54%
    • EPS at₹17

    9MFY23

    • Total Income at ₹69 crore; up by 36.88%
    • EBITDA at ₹55; up by 148.11%
    • EBITDA margin at 10.28% Vs 5.67% 
    • PAT at ₹28 crore; up 252.69%
    • NPM at 5.15% Vs 2%
    • EPS at ₹25

    Commenting on the performance, Mr. Sushil Kumar Aggarwal, Chairman of AVRO India Limited said, “Plastic furniture demand helped us to report good revenue growth and our recycling unit helped us to cut cost and optimise profit and this is clearly seen in our improving EBITDA margin which is over 10% for the reported quarter as well as nine months of FY23.

    Our foray into the recycling business has helped us strategically control costs while optimizing our profitability. We have already exceeded FY22 profit in the first nine months of FY23 and expect to close FY23 with an impressive net profit.”

    About AVRO India Limited:

    The Ghaziabad (Uttar Pradesh) based AVRO India Limited (AVRO) was incorporated in 1996 and established its manufacturing facilities in the year 2002 and is engaged in the business of manufacturing plastic moulded furniture under the brand name of AVRO/ AVON. The company has one of the largest product ranges manufacturing with imported machines and moulds in a highly automatic environment and following global quality standards & practices. AVRO India Ltd. is one of the largest players in North India in the plastic molded furniture segment and the company is also among the top 5 Manufacturers in India.

    AVRO sells its products through online and offline channels. The company has an online presence on Amazon, and Flipkart, Indiamart, etc and in the offline channel the company has more than 200 Dealers & Distributors and 20,000 plus touch-points through Retailers

    The company’s products are widely accepted for various Home and Commercial use for both indoor and outdoor use with absolute reliability in all weatherproof conditions & long-lasting for decades, thus making its products most versatile and reliable.

    For FY22 the company reported a Net profit of ₹ 2.99 Cr, EBITDA of ₹ 5.63 Cr on sales of ₹ 65.20 Cr.

    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.

    Business
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleBollywood’s new star Bhagyesh Hendre is rocking the music world
    Next Article Cressanda Solutions Ltd appoints Mr. Manohar Iyer as its Managing Director & CEO

    Related Posts

    Arnifi Experiences Growth in Export-Related Inquiries from Indian Businesses

    May 19, 2025

    Sapphire Media Acquires Radio BIG 92.7 FM, Marks a Crucial Milestone for Indian Radio Industry

    May 17, 2025

    Let’s Shawarma: Young Entrepreneur Omkar Jadhav’s Journey to Building the Biggest Shawarma Brand in India

    May 17, 2025
    Recent Posts
    • Arnifi Experiences Growth in Export-Related Inquiries from Indian Businesses
    • Nidarshana Gowani Shines at Cannes 2025 in Red Zari Look as Daughter Trishla Celebrates Indian Art
    • Design Zone Redefines Luxury Interiors with 24 Years of Excellence Led by Ar. Sanjay and Sangeeta Gediya
    • Shree Nidhi Developers: Building Trust & Excellence Under the Leadership of Mr. Sanjay Gediya
    • HVAX Technologies Achieves Robust Net Profit Growth of 30% in FY25
    • Praveg Launches Praveg Resort Kachigam – A Premier Island Retreat in Daman
    • Worlds Largest Rigid Plastics Summit Highlights Growth in Injection Blow Moulding PET and Recycling
    • SEPC Ltd Announces INR 35 Crore Rights Issue; Bags INR 18 million Order from Bajaj Energy
    • GeM-Digital-Governance: A National Shift Towards Transparent Procurement
    • Red Chief Presents a Unique Summer Collection at Times Fashion Week 2025

    Type above and press Enter to search. Press Esc to cancel.