Avonmore Capital Reports Mixed Financial Results Amidst Significant Sales Growth in December 2024

Feb 14 2025 05:51 PM IST
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Avonmore Capital & Management Services has released its financial results for the quarter ending December 2024, showing a mixed performance. While net sales for the half-yearly period increased significantly, the company faced challenges with a notable decline in profit before tax and profit after tax, indicating a complex financial landscape.
Avonmore Capital & Management Services has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of performance within the finance/NBFC sector. The company's evaluation has undergone a notable adjustment, reflecting shifts in its financial metrics over the past three months.

On a positive note, Avonmore Capital's net sales for the half-yearly period reached Rs 89.54 crore, showcasing a significant year-on-year growth of 57.86%. This trend indicates a robust sales performance that may contribute positively to the company's overall outlook.

Conversely, the financial results also highlight challenges faced by Avonmore Capital. The profit before tax less other income (PBT) for the quarter stood at Rs 2.81 crore, marking a substantial year-on-year decline of 44.90%. Additionally, the profit after tax (PAT) was reported at Rs 0.24 crore, reflecting a sharp decrease of 94.4% compared to the previous year. The operating profit also reached its lowest point in the last five quarters at Rs 4.65 crore, indicating a downward trend in profitability.

Overall, Avonmore Capital's recent financial results illustrate a mixed performance, prompting a revision in its score.

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