AVRO INDIA LIMITED — Important, 13-11-2024: Financial Result Updates

**Avro India Limited Financial Summary**

For the quarter ended September 30, 2024, Avro India reported consolidated total income of ₹1,892.59 Cr, reflecting a year-over-year increase of approximately 7.5%. This growth can be attributed to rising demand in the plastic products sector and improved operational efficiency.

Net profit for the quarter stood at ₹82.99 Cr, representing an increase from ₹102.13 Cr in the corresponding quarter last year. The Earnings Per Share (EPS) was reported at ₹0.83, slightly down from ₹1.01, indicating some pressure on profitability despite revenue growth. Factors influencing this include increased operational costs and investment in expanding capacity.

Operational costs saw a rise of about 7.3% sequentially, driven by heightened costs of materials and labor. Total expenses reached ₹1,768.74 Cr, leading to a profit before tax of ₹123.85 Cr. While the company managed to control some expenses, the overall rise in costs impacted margins.

On the balance sheet, total assets increased to ₹630.64 Cr from ₹548.55 Cr as of March 31, 2024. Current liabilities surged significantly, leading to a current ratio closely monitored by investors.

The strategic outlook for Avro India appears focused on maintaining operational efficiency and addressing cost management challenges. Overall, given the positive revenue trend coupled with strategic initiatives, a hold position is advisable as the company navigates market pressures while emphasizing growth opportunities.