June 22, 2024

AVRO India Q1 FY24 Total Income Surged 15%

New Delhi (India), August 14: 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 Q1 FY24.

Key Financials at a Glance: 

Q1 FY24:

  • Total Income ₹ 23.34 crore
  • EBITDA of ₹ 2.30 crore
  • EBITDA Margin at 9.85%
  • Net Profit of ₹ 1.02 crore 
  • Net Profit Margin at 4.36%
  • EPS at ₹ 1.01

Commenting on the performance, Mr. Sushil Kumar Aggarwal, Chairmanof AVRO India Limited said, “We have seen an impressive 15% rise in total income. However, cost pressures weighed on our profitability.

We have commenced our recycling plant and on scaling up its operations, we would see cost saving as recycled plastic would be used in furniture production. I believe the demand to pick up with the onset of festivals. We are optimistic on demand growth while our strategies will control costs.”

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