Anugraha Valve Castings Limited released its financial results for FY 2022-23.

11 September 2023

​The company's revenue increased by 29.5%, from Rs.248.2 cr in FY22 to Rs. 321.5 cr in FY23. The company's PAT decreased by 54.2% to Rs. 3.99 cr from Rs. 1.83 cr. During the year the company has made provision for bad debts of 20% of the amount due from Phonix Armaturen-Werke Bregel Gmbh of R. 13.1 cr as the company went into Insolvency Proceedings as per German laws. The provision of R. 2.6 cr were made after careful consideration of all the facts and figures connected to the issue. Also, the EPS of the company decreased by 54.2% from Rs. 11.34 in FY22 to Rs. 5.19 in FY23.