AVL

Jan 30 (Reuters) - Aditya Vision Ltd ADIV.NS:

• DEC-QUARTER PROFIT 242.2 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 5.08 BILLION RUPEES

Source text: ID:nBSE5R3nD7

Further company coverage: ADIV.NS

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** Shares of consumer electronics retailers Aditya Vision ADIV.NS and Electronics Mart India ELEO.NS up 3.12% to 475.5 rupees and 5.46% to 181.84 rupees

** Nuvama initiates coverage of both cos with "Buy"

** India's electronic retailing is very localized but it is difficult to dethrone an incumbent once it achieves critical sale- brokerage

** Both Telangana-based ELEO and Bihar-based ADIV are competitors in the same retail segment but have pursued divergent and effective growth strategies, targeting non-overlapping markets- Nuvama

** Trading vols- 1.35 mln ELEO shares changed hands as of 10:30 AM IST, 1.4x the 30-day avg

** More than 96,000 ADIV shares changed hands as of 10:30 AM, 0.8x the 30-day avg

** YTD, shares of ELEO down 10.4% and ADIV up 6.96%

(Reporting by Ananta Agarwal in Bengaluru)

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Nov 12 (Reuters) - Aditya Vision Ltd ADIV.NS:

• ADITYA VISION SEPT-QUARTER PROFIT 122.1 MILLION RUPEES

• ADITYA VISION SEPT-QUARTER REVENUE FROM OPERATIONS 3.76 BILLION RUPEES

Further company coverage: ADIV.NS

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June 28 (Reuters) - Aditya Vision Ltd ADIV.BO:

• TO CONSIDER SUB- DIVISION/SPLIT OF SHARES

Further company coverage: ADIV.BO

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Aditya Vision Ltd ADIV.BO:

• ADITYA VISION LTD- UTTAR PRADESH STATE GST HAS REVOKED ITS EARLIER ORDER OF SEIZURE

• ADITYA VISION LTD- NORMALCY RESTORED ON OPERATIONS OF ALL SHOWROOMS AND WAREHOUSES IN UTTAR PRADESH

Source text for Eikon: ID:nBSE1QSzhn

Further company coverage: ADIV.BO

April 9 (Reuters) - Aditya Vision Ltd ADIV.BO:

• GST SEARCH BY UTTAR PRADESH STATE GST HAS BEEN CONDUCTED AT ALL SHOWROOMS AND WAREHOUSES OF CO SITUATED AT UTTAR PRADESH

• AUTHORITIES HAVE PREFERRED TO ISSUE INS 2 FOR 7 TEMPORARY WAREHOUSES AND INS 3 FOR 3 STORES

• MEASURES BY GST DEPARTMENT MAY HAVE FINANCIAL IMPACT

• CO IS TAKING ALL STEPS TO NORMALIZE OPERATIONS IMMEDIATELY

• FINANCIAL IMPACT LIMITED TO SALE OF 3 STORES AND BLOCKING OF STOCKS OF 7 TEMPORARY WAREHOUSES

Source text for Eikon: ID:nBSEccKrmj

Further company coverage: ADIV.BO

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** Shares of India's Aditya Vision ADIV.BO up 2.4%, after two sessions of losses

** Electronics retailer sets special interim dividend of 5.10 rupees/shr

** YTD stock has dropped ~8% after a ~128% surge in 2023

(Reporting by Hritam Mukherjee in Bengaluru)

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Feb 7 (Reuters) - Aditya Vision Ltd ADIV.BO:

• DEC-QUARTER PROFIT 221.7 MILLION RUPEES VERSUS PROFIT 195.2 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 4.13 BILLION RUPEES VERSUS 3.18 BILLION RUPEES

Source text for Eikon: ID:nBSE1C8RPz

Further company coverage: ADIV.BO

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Jan 30 (Reuters) - Aditya Vision Ltd ADIV.BO:

• APPROVED RAISING OF FUNDS

• APPROVED RAISING OF FUNDS WORTH 2.82 BILLION RUPEES

• RAISING OF FUNDS THROUGH ISSUANCE OF SHARES ON PREFERENTIAL BASIS

Source text for Eikon: ID:nBSEQ2szG

Further company coverage: ADIV.BO

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** Shares of Aditya Vision ADIV.BO rise as much as 5.96% to a record high of 3,475 rupees apiece

** Emkay Global Financial Services initiates coverage of the stock with a "buy" recommendation

** Target price fixed at 3,279.60 rupees, an implied upside of 52.5%

** Multi-brand consumer electronics retailer has passed the "litmus test of scale and is now a well-oiled machine to pursue the 5x expansion opportunity in six states," says Emkay

** Expects ADIV to post EBITDA compound annual growth rate of 30% during fiscal 2023 to fiscal 2027

** Adds, valuations are at a discount to retail peers in its coverage universe like Titan Company TITN.NS, Page Industries PAGE.NS, Aditya Birla Fashion ADIA.NS and sees scope for re-rating

** Stock is most active since Sept. 15, with a trading volume of 104,748 shares as of 2:08 p.m. IST, 10.7 times the 30-day avg - LSEG data

** Including today's gains, ADIV shares up 127% in 2023 so far

(Reporting by Bharath Rajeswaran in Bengaluru)

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Nov 3 (Reuters) - Aditya Vision Ltd ADIV.BO:

• INDIA'S ADITYA VISION SEPT-QUARTER PROFIT 96.3 MILLION RUPEES VERSUS 113.5 MILLION RUPEES

• ADITYA VISION SEPT-QUARTER REVENUE FROM OPERATIONS 3.13 BILLION RUPEES VERSUS 2.60 BILLION RUPEES

Source text for Eikon: ID:nBSE91yBt7

Further company coverage: ADIV.BO

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July 21 (Reuters) - Aditya Vision Ltd ADIV.BO:

• INDIA'S ADITYA VISION JUNE-QUARTER PROFIT 374.2 MILLION RUPEES VERSUS PROFIT 264.9 MILLION RUPEES

• ADITYA VISION JUNE-QUARTER REVENUE FROM OPERATIONS 6.41 BILLION RUPEES VERSUS 4.39 BILLION RUPEES

Source text for Eikon: ID:nBSE5RCSgJ

Further company coverage: ADIV.BO

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