Standalone Unaudited Financial Statement as on September 30, 2025
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Avax Apparels reported strong growth for H1 FY26 (Apr–Sep 2025) with revenue from operations rising about 34.6% to Rs. 2,020.37 lacs from Rs. 1,500.93 lacs a year ago. Profit after tax grew around 32% to Rs. 119.64 lacs versus Rs. 90.62 lacs, while profit before tax climbed to Rs. 165.77 lacs from Rs. 125.90 lacs. The knitted clothes segment contributed nearly all revenue (Rs. 2,015.92 lacs), with ornaments still negligible at Rs. 4.45 lacs. The balance sheet expanded sharply — total assets grew to Rs. 1,570.66 lacs from Rs. 928.82 lacs, driven by higher inventories, trade receivables and borrowings post-IPO (listed on BSE on January 14, 2025). However, operating cash flow remained negative at -Rs. 121.19 lacs as working capital needs surged. The auditor (NKSC & Co.) issued an unqualified opinion.
Strong top-line and bottom-line growth is positive for shareholders, though the sharp rise in receivables, inventory and borrowings alongside negative operating cash flow signals heavy working capital strain and will need close monitoring.