AVI Polymers Hits Upper Circuit After Strong Q4 Results
Small-cap stock under ₹50 hits 5% upper circuit after Q4 results 2024
Mint
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AVI Polymers, a small-cap stock, reached its 5% upper circuit limit on April 27, 2024, closing at ₹17.26 following impressive Q4 results. The company reported a 13.6% revenue increase to ₹150.28 crore and a 46.1% rise in net profit, showcasing significant growth in FY26.
- 01AVI Polymers' stock hit a 5% upper circuit limit, closing at ₹17.26.
- 02Q4 revenue rose to ₹150.28 crore, up 13.6% from the previous quarter.
- 03Net profit increased to ₹10.24 crore, a 46.1% growth from Q3.
- 04For FY26, revenue surged to ₹312.11 crore, with net profit reaching ₹20.33 crore.
- 05The company's net worth expanded 20.5-fold to ₹115.99 crore.
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AVI Polymers, a penny stock, experienced a 5% upper circuit limit on April 27, 2024, closing at ₹17.26 per share after announcing strong financial results for the March-ended quarter and FY26. The company reported a revenue of ₹150.28 crore for Q4, marking a 13.6% increase from ₹132.32 crore in the previous quarter, while net profit surged to ₹10.24 crore, a 46.1% rise from ₹7.01 crore in Q3FY26. For the full fiscal year, revenue skyrocketed to ₹312.11 crore, up from just ₹0.06 crore, and net profit reached ₹20.33 crore, a significant increase from ₹0.82 crore in FY25. The company also reported a robust profitability with a Profit Before Tax (PBT) margin of 8.88% and a Profit After Tax (PAT) margin of 6.51%. AVI Polymers exited FY26 with a net worth of ₹115.99 crore, a 20.5-fold increase from the previous year, and negligible borrowings, indicating a strong financial position. The company is also expanding into agri-tech and health-tech sectors through its subsidiaries, enhancing its long-term growth prospects.
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The strong financial performance of AVI Polymers may boost investor confidence, potentially leading to increased investment in the company and its initiatives.
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