Financial Results - Standalone (All figures in ₹ lakhs)

Quarterly Performance:
  • Q2 FY27 (Sep 2026): Revenue from operations ₹3,699.07, Other income ₹(2.80), Total revenue ₹3,694.27
  • Q1 FY27 (Jun 2026): Revenue from operations ₹6,658.68, Other income ₹0.11, Total revenue ₹6,638.79
  • Q2 FY26 (Sep 2025): Revenue from operations ₹2,950.41, Other income ₹18.50, Total revenue ₹2,968.90
Half-Yearly Performance:
  • H1 FY27: Total revenue ₹10,353.06
  • H1 FY26: Total revenue ₹2,968.90
  • FY26: Total revenue ₹31,258.67
Profitability:
  • Q2 FY27: Profit before tax ₹262.24, Net profit ₹200.74
  • Q1 FY27: Profit before tax ₹541.93, Net profit ₹401.02
  • H1 FY27: Profit before tax ₹804.17, Net profit ₹601.76
Earnings Per Share (₹):
  • Q2 FY27: Basic and diluted EPS ₹0.21
  • Q1 FY27: Basic and diluted EPS ₹0.43
  • H1 FY27: Basic and diluted EPS ₹0.64

Balance Sheet Position (Standalone as at September 30, 2026):

  • Total Assets: ₹17,116.87
  • Equity Share Capital: ₹9,408.61
  • Trade Receivables: ₹14,652.06
  • Inventories: ₹42.16
  • Cash and cash equivalents: ₹61.15
  • Trade Payables: ₹3,945.03
  • Current Tax Liabilities: ₹4,892.85

Cash Flow Statement (Standalone H1 FY27):

  • Net cash from operating activities: ₹(2,035.14)
  • Net cash from investing activities: ₹427.76
  • Net cash from financing activities: ₹8.18
  • Net decrease in cash: ₹(1,599.20)

Consolidated Results

The consolidated financial results show the same financial performance as standalone, indicating the subsidiaries (incorporated in February 2026) did not have material operational activity during the period.

Subsidiary Information:

1. Avi Eco Spark Pvt Ltd - Incorporated February 21, 2026

2. Avi Waste Management Pvt Ltd - Incorporated February 19, 2026

3. Avi Al Technologies Pvt Ltd - Incorporated February 18, 2026

Auditor's Qualification

Kapil Kumar Agarwal & Associates issued a limited review report with an Emphasis of Matter regarding unreconciled balances:

  • Trade receivables, trade payables, loans and advances are subject to confirmation and reconciliation
  • Direct confirmations from customers, vendors, and loan counterparties have not been received
  • Sales and purchases verified based on management-provided data only
  • Potential adjustments upon reconciliation are not ascertainable

Related Party Transactions (H1 FY27):

  • Remuneration to Chintan Yashwantbhai Patel (Managing Director): ₹6.00 lakhs
  • Remuneration to Pankaj Dilipbhai Thakkar (Director): ₹3.00 lakhs
  • Loan to Pankaj Dilipbhai Thakkar: ₹8.43 lakhs

Accounting Standards and Compliance:

  • Financial statements prepared in accordance with Ind AS 34
  • Figures for previous periods rearranged/regrouped for comparability
  • No reportable segments identified
  • Limited review conducted by statutory auditors as per Regulation 33