AVI Polymers Reports Rs 7 Crore Profit, Rs 132 Crore Revenue in December Quarter
Business
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Moneycontrol•31-01-2026, 22:12
AVI Polymers Reports Rs 7 Crore Profit, Rs 132 Crore Revenue in December Quarter
- •AVI Polymers Ltd, a specialty chemicals company, posted a net profit of Rs 7.02 crore for the December quarter (Q3FY26).
- •This marks a significant increase from Rs 2.29 crore profit in the September quarter (Q2FY26) and Rs 2.2 lakh in the year-ago period.
- •Revenue from operations soared to Rs 132.32 crore in Q3FY26, a 348% growth quarter-on-quarter from Rs 29.50 crore in Q2FY26.
- •The company has received BSE's in-principle approval for its Rs 90 crore rights issue.
- •Managing Director Chintan Patel stated the rights issue will provide capital for expansion, working capital, and strategic opportunities.
Why It Matters: AVI Polymers achieved substantial profit and revenue growth in Q3FY26, securing approval for a Rs 90 crore rights issue.
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