AVRO INDIA LIMITED — Updates, 16-11-2024: Press Release

AVRO India Limited has reported a strong operational performance for Q2 and H1 FY25, with revenue, EBITDA, and PAT increasing by 8%, 36%, and 26% on a quarter-on-quarter basis, respectively. While there was a year-on-year decline in revenue due to strategic shifts away from raw material trading to focus on core competencies, the EBITDA margins demonstrated an upward trend, reflecting improved operational efficiency.

The company is positioned as a leading manufacturer of plastic molded furniture and flexible plastic recycling in India, leveraging over 22 years of industry experience. AVRO aims to double its recycling capacity to 12,000 MTPA by FY25 and subsequently plans to expand by 5-7 times within three years. With expectations of increasing production from 3 million to 5 million furniture pieces annually, the company's strategic plans indicate a robust growth trajectory. Management emphasizes a commitment to sustainability, with initiatives aimed at enhancing backward integration and reducing costs. Overall, AVRO's outlook appears positive, highlighting significant growth opportunities in the plastic recycling sector.