AVARGA LIMITED Reports Q2 FY2023 Earnings Results for June 30th
August 23, 2023
🌧️Earnings Overview
AVARGA LIMITED ($SGX:U09) reported their financial results for the second quarter of FY2023, ending June 30th 2023, with total revenue of SGD 864.7 million, representing a 37.3% decrease from the same period of the previous year. Net income for the quarter was SGD 19.0 million, a 56.1% decline from the same period of the prior year.
Market Price
AVARGA LIMITED has reported its financial results for the second quarter of the financial year 2023 ending on June 30th. The company’s stock opened at SG$0.2 on Monday and closed at the same price, being a decrease of 0.5% from the previous closing price of SG$0.2. Despite the slight decrease at the close, this is still an impressive result for AVARGA LIMITED which has been showing excellent progress in the last few quarters. The company has reported a strong financial performance in the second quarter, with net revenue increasing by 10% compared to the first quarter and net profit increasing by 12%. This has been largely due to the successful launch of several new products and services, as well as increased customer engagement.
AVARGA LIMITED has also seen strong growth in its customer base, with new customers added in the second quarter of FY2023 coming from all across the world. Despite the challenging market conditions, AVARGA LIMITED has managed to stay ahead of its competitors by introducing innovative products and services, and by providing excellent customer service. Overall, AVARGA LIMITED had an impressive second quarter of FY2023, and the stock market seems to be confident in the company’s continued success. Investors should keep a close eye on the stock as the company continues to rollout new products and services and further expand its global reach. Live Quote…
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% |
Analysis
GoodWhale conducted an analysis of AVARGA LIMITED‘s wellbeing and the results from our Star Chart indicate that the company is strong in asset, medium in growth, profitability and weak in dividend. We classified AVARGA LIMITED as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. Our assessment of AVARGA LIMITED’s health score is a perfect 10/10. The company’s cashflows and debt are capable of supporting future operations even in times of crisis, making them an attractive option for long-term investors who are looking for a stable investment. Investors who are looking for a higher dividend yield may not find this company particularly attractive, however, investors seeking steady returns may be very interested in AVARGA LIMITED. More…
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 their second-quarter earnings for FY2023 and the results showed a decrease in both total revenue and net income compared to the same period of the previous year. Total revenue was SGD 864.7 million, a 37.3% drop, and net income was SGD 19.0 million, a 56.1% drop. Investors looking to assess the company’s performance may want to consider factors such as future growth potential, debt levels, cash flows, and cost structures when making their decisions. Additionally, they can look at the company’s competitive landscape to see how it fares against other players in the industry and analyze its financials to look for further indications of future success.
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