AVI Products India Reports Profit in Q1, Reappoints Secretarial Auditors
AVI Products India, operating in E-Commerce, Dental, and Food & Beverages segments, reported a net profit of Rs 3.94 lakh in Q1, compared to a loss of Rs 39.62 lakh in the same quarter last year. Total income from operations increased by 78% to Rs 111.47 lakh. The company's EPS improved to Rs 0.12 from a negative Rs 1.20. E-Commerce and Dental segment generated revenue of Rs 101.07 lakh, while Food & Beverages contributed Rs 5.40 lakh. Total assets stood at Rs 782.63 lakh with liabilities at Rs 78.15 lakh. The Board reappointed M/S VKMG & Associates LLP as Secretarial Auditors.
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AVI Products , a company operating in the E-Commerce, Dental, and Food & Beverages segments, has reported a significant turnaround in its financial performance for the first quarter.
Financial Highlights
The company's unaudited standalone financial results for the quarter reveal a notable improvement in its bottom line. AVI Products India posted a net profit of Rs 3.94 lakh, a substantial recovery from the net loss of Rs 39.62 lakh reported in the same quarter of the previous year.
Total income from operations saw a remarkable increase, rising to Rs 111.47 lakh compared to Rs 62.56 lakh in the corresponding quarter of the previous year, representing a growth of approximately 78%.
Earnings Per Share
The company's improved performance is reflected in its earnings per share (EPS). The basic and diluted EPS for the quarter stood at Rs 0.12, a significant improvement from the negative EPS of Rs 1.20 in the same quarter last year.
Segment Performance
AVI Products India operates in two primary segments:
- E-Commerce and Dental
- Food & Beverages
The segment-wise revenue breakdown for the quarter is as follows:
| Segment | Revenue (Rs in Lakh) |
|---|---|
| E-Commerce and Dental | 101.07 |
| Food & Beverages | 5.40 |
| Total | 106.47 |
Balance Sheet Overview
The company's financial position shows:
| Particulars | Amount (Rs in Lakh) |
|---|---|
| Total Assets | 782.63 |
| Total Liabilities | 78.15 |
| Capital Employed | 704.48 |
Corporate Governance
The Board of Directors of AVI Products India Limited approved the unaudited financial results for the quarter. Additionally, the board reappointed M/S VKMG & Associates LLP as Secretarial Auditors, demonstrating the company's commitment to maintaining strong corporate governance practices.
Management Commentary
Avinash Dhirajlal Vora, Managing Director of AVI Products India Limited, signed off on the financial results, indicating the management's confidence in the company's performance and future prospects.
The company's turnaround from a loss-making position to profitability, coupled with significant revenue growth, suggests a positive trajectory for AVI Products India Limited.
Historical Stock Returns for AVI Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
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