AVRO India FY23 EBITDA up by 53.20%
Mumbai (Maharashtra) [India], May 26: 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 FY23.
Key Financials at a Glance:
- Revenues from operations ₹ 82.34 crore, YoY growth of 26.29%
- EBITDA of ₹ 8.61 crore, YoY growth of 53.20 %
- EBITDA margin at 10.46% Vs 8.62%
- Net Profit of ₹ 4.16 crore, YoY growth of 39.13%
- Net profit margin at 5.05% Vs 4.59%
- EPS at ₹ 4.12 Vs ₹ 2.95
Net cashflow from operations is at ₹ 2.90 crore
Commenting on the performance, Mr. Sushil Kumar Aggarwal, Chairmanof AVRO India Limited said, “We are happy to close the year on impressive growth in revenues and improvement in profitability. Our strategies and cost controlling efforts helped us in optimizing profit. We met rising demand with our wide product portfolio while the recycling plant helped us in controlling cost.
We look at future with positive demand outlook and enhancement in profitability.”
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 is engaged in the business of manufacturing of plastic moulded furniture in 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 Manufacturer in India.
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