AVARGA LIMITED Reports 37.3% Decrease in Revenue for Second Quarter of FY2023
August 16, 2023
🌧️Earnings Overview
AVARGA LIMITED ($SGX:U09) reported its earnings results for the second quarter of FY2023 ending on June 30 2023 revealing a total revenue of SGD 864.7 million, a 37.3% decrease compared to the same period in the prior year. Additionally, net income was SGD 19.0 million, a 56.1% decline from the previous year.
Analysis
GoodWhale has conducted an analysis of AVARGA LIMITED‘s wellbeing and based on their Risk Rating, AVARGA LIMITED is a medium risk investment in terms of financial and business aspects. This risk rating was derived from an analysis of their income sheet, balance sheet, and other financial information. GoodWhale has detected two risk warnings in AVARGA LIMITED’s financial and business documents, so it is important for potential investors to become a registered user on GoodWhale in order to check them out. It is always recommended for potential investors to conduct thorough research into a company before investing any money. GoodWhale can provide helpful insights and data into the performance and stability of a company, but investing is ultimately a personal decision. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Avarga Limited. More…
| Total Revenues | Net Income | Net Margin |
| 1.85k | 26.62 | 1.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Avarga Limited. More…
| Operations | Investing | Financing |
| 92 | -15.92 | -34.37 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Avarga Limited. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 757.41 | 289.97 | 0.39 |
Key Ratios Snapshot
Some of the financial key ratios for Avarga Limited are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.9% | 10.7% | 3.7% |
| FCF Margin | ROE | ROA |
| 4.6% | 12.7% | 5.7% |
Peers
Avarga Ltd, an established player in the market, is competing with a number of companies, including Andritz AG, KPS Consortium Bhd, and Disha Resources Ltd, for a larger share of the market. All of these companies are striving for a competitive advantage in order to gain a larger customer base and increase profits. Avarga Ltd is determined to do whatever it takes to stay ahead of its competitors and remain a leading player in the market.
– Andritz AG ($BER:AZ2)
Andritz AG is a renowned international technology group specializing in the production of equipment and systems for the hydropower, pulp and paper, steel and other industries. The company has a market capitalization of 6.1 billion USD as of 2023, reflecting the strong financial performance that Andritz has achieved over the years. Andritz’s return on equity of 19.19% reflects the efficient utilization of resources and successful management of the company’s operations. This figure indicates that Andritz is effectively utilizing its investors’ capital to generate profits and maximize return on investment.
– KPS Consortium Bhd ($KLSE:9121)
KPS Consortium Bhd is a Malaysian corporation that provides construction, transportation and energy services. As of 2023, the company has a market cap of 100.52M, which indicates the total dollar market value of all its outstanding shares. Additionally, KPS Consortium Bhd has a Return on Equity (ROE) of 7.95%, which is a measure of the company’s ability to generate profits from its shareholders’ equity. This ratio can give investors a better understanding of how efficiently the company is utilizing its capital and generating returns to its investors.
– Disha Resources Ltd ($BSE:531553)
Disha Resources Ltd is a leading resources company dedicated to exploring and developing natural resources. Founded in 2010, the company is headquartered in Mumbai, India and has operations in key resource sectors across India. As of 2023, Disha Resources Ltd has a market capitalization of 186.55M, making it one of the largest companies in the resources industry. The company’s Return on Equity of 0.94% indicates that the company is efficiently utilizing its resources to generate returns for shareholders. Their commitment to sustainable development principles continues to serve as a strong foundation for the company’s success and long-term growth.
Summary
AVARGA LIMITED reported its second quarter earnings for FY2023 ended on June 30 of the same year. Unfortunately, total revenue dropped significantly by 37.3% compared to the same time the year before, and net income suffered an even larger decrease of 56.1%. Investors should consider the current market and economic conditions to determine if it is a good time to invest in AVARGA LIMITED. They should also consider the company’s market size, competitive landscape, and management team to assess its potential for future growth.
Additionally, investors should look at the financials of the company to gain an understanding of their current financial health. Overall, it is important to perform an in-depth analysis before making any decisions with regards to investing in AVARGA LIMITED.
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