The Standalone Audited Financial result for the Half Year and Year ended 31st March, 2025 and Independent Auditors Report thereon. Declaration in respect of unmodified opinion on Standalone ....
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Avax Apparels' Board approved the audited financial results for the year ended March 31, 2025, along with an unmodified (clean) opinion from statutory auditor NKSC & Co. Revenue from operations grew strongly by about 56% to ₹3,435.86 lakhs (vs ₹2,205.98 lakhs in FY24), driven mainly by the knitted clothes segment. Profit after tax rose to ₹163.18 lakhs (vs ₹138.20 lakhs), an increase of around 18%. Total assets nearly doubled to ₹928.82 lakhs, supported by fresh equity raised through the company's recent IPO in January 2025. However, operating cash flow turned negative at ₹(56.80) lakhs due to a sharp rise in trade receivables, and EBITDA margin appears to have compressed slightly.
Strong top-line growth post-IPO is a positive for shareholders, but the negative operating cash flow and margin compression suggest working capital is tightening and profitability isn't scaling as fast as revenue. Investors should watch receivable collection and margin trends in coming quarters.