Avro India's Q3 financials show flat performance, but operating profit margin reaches 5-quarter high

Nov 14 2024 11:55 PM IST
share
Share Via
Avro India, a microcap company in the plastic products industry, has reported its financial results for the quarter ending September 2024. While the company's operating profit margin has improved, its net sales have declined by -17.4%. MarketsMojo has given a 'Hold' call for the company's stock, with investors and analysts keeping a close eye on its performance.

Avro India, a microcap company in the plastic products industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Avro India's performance for the quarter has remained flat, with a score of -1 compared to -5 in the previous quarter. However, there are some positive aspects to the company's financials.

One of the highlights is the company's operating profit margin, which has reached its highest at 9.09% in the last five quarters. This indicates an improvement in the company's efficiency.

On the other hand, the net sales for the quarter have fallen by -17.4% compared to the average net sales of the previous four quarters. This decline in sales is a cause for concern and suggests a negative trend in the near term.

Despite the mixed financial results, MarketsMOJO has given a 'Hold' call for Avro India's stock. As a microcap company in the plastic products industry, Avro India's performance will continue to be closely monitored by investors and analysts.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News