AVI Polymers posts Rs 7 cr profit for Dec quarter; revenue soars to Rs 132 cr

AVI Polymers Ltd, a specialty chemicals company, on Saturday posted a net profit to Rs 7.02 crore for the December quarter of the current financial year on strong growth in revenue in the period. The chemical trading firm had reported a net profit of Rs 2.29 crore in the September quarter and Rs 2.2 lakh in the year-ago period, a statement said.

AVI Polymers Ltd, a specialty chemicals company, on Saturday posted a net profit to Rs 7.02 crore for the December quarter of the current financial year on strong growth in revenue in the period. The chemical trading firm had reported a net profit of Rs 2.29 crore in the September quarter and Rs 2.2 lakh in the year-ago period, a statement said. ''Revenue from operations of Rs 132.32 crore in Q3FY26 as against revenue of Rs 29.50 crore in Q2FY26, registering a strong 348 per cent growth Q-o-Q,'' the company said. The micro-cap company said that it has secured BSE's in-principle approval for its Rs 90 crore rights issue. Chintan Patel, Managing Director, AVI Polymers Ltd, said, ''The in-principle approval for the ₹90 crore Rights Issue is a critical milestone and will provide the necessary growth capital to expand volumes, strengthen working capital, and pursue strategic opportunities.''

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)