Avro India Limited has entered a Memorandum of Understanding (MoU) with Society of Digital Entrepreneurs (SODES) to jointly explore and develop scalable rural plastic waste management systems. The partnership aims to address waste management challenges across 2,50,000 gram panchayats throughout India under the initiative named Project Suddh. This strategic move is intended to leverage commercial cooperation, technology deployment, and logistics coordination to create a sustainable waste management framework in rural regions.

Key Details of the Partnership

The MoU, signed on May 22, 2026, establishes a formal framework for cooperation between Avro India and SODES. The collaboration focuses on deploying technology and coordinating logistics to manage plastic waste effectively in rural areas. The initiative targets a vast geographical reach, specifically aiming to implement systems in 2,50,000 gram panchayats.

The disclosure was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made by Sushil Kumar Aggarwal, Chairman & Whole Time Director of Avro India Limited.

Avro India Limited reported a 38% increase in net profit for the financial year ended March 31, 2026, rising to ₹420.71 lakh from ₹304.22 lakh in the previous year. Revenue from operations grew 16% to ₹9,099.23 lakh, driven by higher income from operations. The board approved the audited standalone and consolidated financial results at its meeting held on May 30, 2026.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹86.34 lakh, compared to ₹51.51 lakh in the corresponding period of the previous year. Quarterly revenue from operations stood at ₹2,403.34 lakh. Total income for the year reached ₹9,929.76 lakh, up from ₹8,292.51 lakh in FY25.

Financial Performance

The company's profit before tax for FY26 was ₹545.40 lakh, an increase from ₹401.55 lakh in the prior year. Finance costs for the year amounted to ₹161.12 lakh, while depreciation and amortization expenses were ₹442.91 lakh. The earnings per share (EPS) for the year improved to ₹3.16 from ₹2.84 in the previous year.

Consolidated Results

On a consolidated basis, the company reported a net profit of ₹459.73 lakh for FY26. Total consolidated income for the year was ₹10,368.14 lakh. The consolidated results include the financial performance of its wholly-owned subsidiary, Avro Recycling Limited, which was incorporated on May 14, 2025.

Share Split and Corporate Actions

The board noted that a share split from a face value of ₹10 to ₹1 per equity share was approved by shareholders on April 18, 2026. The record date for the split was May 05, 2026, and the new ISIN became effective from the same date. The trading window, which was closed from April 1, 2026, will reopen 48 hours after the declaration of these results.