AVTIL Enterprise Ltd. reported unaudited stand-alone earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales/income from operations of INR 1.075 million against INR 2.861 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 0.061 million against INR 2.293 million a year ago. Profit from ordinary activities before tax was INR 0.037 million compared to INR 2.252 million for the same period a year ago. Net profit for the period was INR 0.029 million or INR 0.07 basic and diluted before and after extraordinary items earnings per share against INR 1.866 million or INR 4.67 basic and diluted before and after extraordinary items earnings per share a year ago.

The company also announced that it has approved the amendment in object clause (Clause III) of memorandum of association subject to members approval and other regulatory authorities, at the Board meeting held on August 12, 2016.