Aarvi Encon Q3FY23 net sales soars by 51% despite turmoil in the global economy

Aarvi Encon declared its financial results for the quarter ended December 2022 wherein the company’s net sales rose by 51% to INR 110.94 Crores while the net profit declined by 31% to INR 2.65 Crores. With such rise in the topline of the company, the expenses too have risen proportionately as a result of which the operating profit of the company stands at INR 3.59 Crores. Though this a decline of 9%. Following the course of net profit, the company registered an EPS of INR 1.79 which is yet again a decline of 31%