Avance Technologies Ltd

Avance Technologies Limited announced that its board approved the re-appointment of Deepak Yallappa Mane as a Non-Executive – Non-Independent Director, subject to shareholder approval at the company's Annual General Meeting on September 29, 2026. The board also re-appointed M/s. A. Raghavendra Rao & Associates as the company's statutory auditor for a five-year term, also pending shareholder approval, and convened the 42nd Annual General Meeting for September 29, 2026, at 10:00 a.m. in Mumbai.

Avance Technologies Limited announced that its board approved the re-appointment of Deepak Yallappa Mane as a Non-Executive – Non-Independent Director, subject to shareholder approval at the company's Annual General Meeting on September 29, 2026. The board also re-appointed M/s. A. Raghavendra Rao & Associates as the company's statutory auditor for a five-year term, also pending shareholder approval, and convened the 42nd Annual General Meeting for September 29, 2026, at 10:00 a.m. in Mumbai.

Avance Technologies Ltd share price slipped 1.11% to Rs 0.89 after the company's net profit tanked by 76.18% to Rs 2.47 crore, while revenue from operations increased sharply by 96.02% to Rs 60.65 crore in Q2FY26 over Q1FY26. The market capitalization of Software Products industry group stocks on BSE stood at Rs 1.12 lakh crore, surging by 21.29%. It has improved by 1.90% over last one week and jumped by 25.72% in last one month while the market capitalization of Avance Technologies Ltd has softened by 1.10% and 10% in the same period respectively. Profit before tax (PBT) of Avance Technologies Ltd stood at Rs 2.47 crore in Q2 FY26, jumping 52.47% year-on-year, and nosediving by 76.20% quarter-on-quarter. EBITDA came in at Rs 1 crore, tumbling by 310.71% YoY and crashing by 105.12% sequentially. Total expenses jumped by 87.86% to Rs 59.12 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 0.03 crore, plunging by 40% YoY. For the TTM ended FY26, revenue from operations improved 19.04% to Rs 171.77 crore, while net profit grew slightly 8.61% to Rs 5.3 crore, compared to previous TTM. EBITDA tumbled by 103% to Rs 2.96 crore, and PBT witnessed a strong rise of 45.92% to Rs 7.34 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 80.75 crore in FY26, as against Rs 30.5 crore in FY25. Avance Technologies Ltd crashed 42.95% in last one year, underperforming the benchmark BSE Sensex which has slipped by 2.56% during the same period.

Avance Technologies Limited will hold a board meeting on Tuesday, August 11, 2026, to approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, and to take on record the limited review report issued by the statutory auditor, according to a regulatory filing with the BSE Limited. The trading window for company securities, which has been closed since July 1, 2026, will reopen 48 hours after the financial results are declared.

Net profit of Avance Technologies reported to Rs 10.37 crore in the quarter ended March 2026 as against net loss of Rs 1.36 crore during the previous quarter ended March 2025. Sales declined 35.96% to Rs 30.94 crore in the quarter ended March 2026 as against Rs 48.31 crore during the previous quarter ended March 2025. For the full year,net profit rose 149.81% to Rs 13.24 crore in the year ended March 2026 as against Rs 5.30 crore during the previous year ended March 2025. Sales declined 7.28% to Rs 159.26 crore in the year ended March 2026 as against Rs 171.77 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales30.9448.31 -36 159.26171.77 -7 OPM %-1.75-3.85 --0.333.00 - PBDT10.370.15 6813 13.247.34 80 PBT10.380.15 6820 13.247.34 80 NP10.37-1.36 LP 13.245.30 150 Powered by Capital Market - Live

Net profit of Avance Technologies reported to Rs 10.27 crore in the quarter ended March 2026 as against net loss of Rs 0.38 crore during the previous quarter ended March 2025. Sales rose 90.84% to Rs 25.21 crore in the quarter ended March 2026 as against Rs 13.21 crore during the previous quarter ended March 2025. For the full year,net profit rose 508.21% to Rs 12.59 crore in the year ended March 2026 as against Rs 2.07 crore during the previous year ended March 2025. Sales rose 74.49% to Rs 101.08 crore in the year ended March 2026 as against Rs 57.93 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales25.2113.21 91 101.0857.93 74 OPM %-0.36-12.94 --0.581.78 - PBDT10.890.23 4635 13.223.21 312 PBT10.900.23 4639 13.223.21 312 NP10.27-0.38 LP 12.592.07 508 Powered by Capital Market - Live

Avance Technologies will hold a meeting of the Board of Directors of the Company on 29 May 2026.

Net profit of Avance Technologies rose 15.52% to Rs 2.01 crore in the quarter ended December 2025 as against Rs 1.74 crore during the previous quarter ended December 2024. Sales rose 52.87% to Rs 49.50 crore in the quarter ended December 2025 as against Rs 32.38 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales49.5032.38 53 OPM %2.264.85 - PBDT2.021.74 16 PBT2.011.74 16 NP2.011.74 16 Powered by Capital Market - Live

Avance Technologies will hold a meeting of the Board of Directors of the Company on 13 February 2026.Powered by Capital Market - Live

Avance Technologies has signed a non-binding term sheet to acquire upto 100% equity stake in Pushpak AI, a Hyderabad-based Computer Vision and Edge AI platform. The announcement comes amid rapid expansion in the global artificial intelligence market, which is estimated to reach USD 2.4 trillion by 2032. This proposed acquisition would mark Avance Technologies' entry into the high-growth visual intelligence and edge AI ecosystem, a segment witnessing accelerated adoption across various industries, including manufacturing, infrastructure, smart cities, retail, logistics, and industrial automation. Computer vision and edge-based AI analytics are emerging as core enablers of operational efficiency, safety compliance and real-time decision-making. In India, AI adoption is expected to contribute nearly USD 500 billion to GDP by 2035, with computer vision playing a pivotal role in surveillance, productivity tracking, intelligent traffic systems, and industrial automation. The proposed acquisition shall enable Avance Technologies to exercise full strategic and operational control, allowing deeper integration of Pushpak AI's intellectual property, platforms and enterprise relationships to drive long-term shareholder value. Pushpak AI has built a diverse and credible enterprise client base, serving leading organisations across automotive, infrastructure, manufacturing, smart city, logistics and financial services sectors. Its solutions have been deployed by marquee clients including Maruti Suzuki, TVS Motor Company, Hero, Larsen & Toubro, Adani Group, CMS Info Systems, IndiCold, Envoys, Everest Fleet, and Smart City Bhubaneswar. The platform also serves institutions and enterprises such as GMDA, Spice Money, RapiPay, DigiNexus, Vardhman Group, Shanthi Feeds, OnlyGood, along with government and defence linked institutions, including MCEME (Military College of Electronics and Mechanical Engineering). This broad adoption across private enterprises, public infrastructure projects and institutional customers highlights Pushpak AI's scalability and readiness for large-scale, mission-critical deployments. Powered by Capital Market - Live