Avance Technologies Reports Mixed Financial Results Amid Strong Profit Growth and Declining Sales in December 2024

Feb 13 2025 10:32 AM IST
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Avance Technologies has announced its financial results for the quarter ending December 2024, highlighting a Profit After Tax of Rs 4.47 crore, marking a 71.26% year-on-year growth. However, the company reported a decline in net sales, with quarterly figures at Rs 32.38 crore, lower than previous averages.
Avance Technologies, a microcap player in the trading industry, has recently reported its financial results for the quarter ending December 2024. The results, announced on February 12, 2025, reveal a mixed picture for the company.

On a positive note, the Profit After Tax (PAT) for the half-year period stands at Rs 4.47 crore, reflecting a significant year-on-year growth of 71.26%. This upward trend in PAT indicates a strong performance in profitability for Avance Technologies during this timeframe.

Conversely, the company has faced challenges in its net sales. The quarterly net sales figure of Rs 32.38 crore represents a decline when compared to the average net sales of the previous four quarters, which were Rs 53.96 crore. This downturn in sales suggests a concerning trend that may impact the company's overall financial health.

In light of these developments, Avance Technologies has experienced an adjustment in its evaluation, with its score reflecting the recent financial performance.

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