Aditya Vision Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 07, 2024 at 04:48 am EST
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Aditya Vision Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 4,132.6 million compared to INR 3,178.5 million a year ago. Revenue was INR 4,141.5 million compared to INR 3,182.6 million a year ago. Net income was INR 221.7 million compared to INR 195.2 million a year ago. Basic earnings per share from continuing operations was INR 18.43 compared to INR 16.23 a year ago. Diluted earnings per share from continuing operations was INR 18.43 compared to INR 16.23 a year ago.
For the nine months, sales was INR 13,676.2 million compared to INR 10,159.6 million a year ago. Revenue was INR 13,723.5 million compared to INR 10,172.6 million a year ago. Net income was INR 692.2 million compared to INR 573.6 million a year ago. Basic earnings per share from continuing operations was INR 57.54 compared to INR 47.69 a year ago. Diluted earnings per share from continuing operations was INR 57.54 compared to INR 47.69 a year ago.
Aditya Vision Limited is an India-based multi-brand consumer electronics retail chain company. The Company is primarily engaged in the retail business of electronic products such as Consumer Electronics, home appliances, mobility, and information technology (IT) products. The Company sells over 10,000 products ranging from digital gadgets like mobile phones, laptops, tablets to entertainment solutions like televisions, sound bars, home theatres, cameras, accessories to home appliances like air conditioners, refrigerators, washing machines to small appliances/cooking and kitchen appliances like chimneys, air fryers, soup makers, cooktops, dishwashers across numerous national and international brands. It has approximately 100 plus outlets across almost all districts of Bihar. The Company offers products from various brands, such as Samsung, LG, Sony, Haier, Dell, Apple, JBL, Whirlpool and Voltas. Its services include Aditya Seva, Aditya Suraksha, and express delivery.