Avantel Ltd

Avantel will hold a meeting of the Board of Directors of the Company on 26 April 2026.

Avantel has received a purchase order valued at Rs 11.59 crore from NewSpace India, for supply, installation and commissioning of Devices for Xponders.

The contract involves manufacturing, warranty, and comprehensive operation and maintenance contract (COAMC) services. As per the agreement, Avantel will provide a three-year warranty followed by seven years of COAMC support. The company is required to furnish a Performance Bank Guarantee of 5%, in line with the contract terms. The order is scheduled to be executed by September 2027, and has been awarded by a domestic entity. Avantel clarified that neither the promoter nor promoter group companies have any interest in the awarding entity, and the transaction does not fall under related party transactions. Avantel is engaged in the business of designing, developing, and maintaining wireless and satellite communication products, defence electronics, radar systems, and the development of network management software applications for its customers, mainly from the aerospace and defence sectors. The company's consolidated net profit tanked 86.4% YoY to Rs 2.74 crore in Q3 FY26, compared with Rs 20.08 crore in Q3 FY25. Revenue from operations declined 26.8% year-on-year to Rs 51.72 crore in Q3 FY26.Powered by Capital Market - Live

The contract involves manufacturing, warranty, and comprehensive operation and maintenance contract (COAMC) services. As per the agreement, Avantel will provide a three-year warranty followed by seven years of COAMC support. The company is required to furnish a Performance Bank Guarantee of 5%, in line with the contract terms. The order is scheduled to be executed by September 2027, and has been awarded by a domestic entity. Avantel clarified that neither the promoter nor promoter group companies have any interest in the awarding entity, and the transaction does not fall under related party transactions. Avantel is engaged in the business of designing, developing, and maintaining wireless and satellite communication products, defence electronics, radar systems, and the development of network management software applications for its customers, mainly from the aerospace and defence sectors. The company's consolidated net profit tanked 86.4% YoY to Rs 2.74 crore in Q3 FY26, compared with Rs 20.08 crore in Q3 FY25. Revenue from operations declined 26.8% year-on-year to Rs 51.72 crore in Q3 FY26. Shares of Avantel declined 4.61% to close at Rs 124.20 on 27 March 2026.Powered by Capital Market - Live

The contract includes a one-year comprehensive onsite warranty and a five-year annual maintenance contract (AMC) support, the company said in a regulatory filing. The order, classified under manufacturing and AMC services, is to be executed over a period of three years. Avantel clarified that the contract does not fall under related party transactions and that its promoter group has no interest in the awarding entity. Avantel is engaged in the business of designing, developing, and maintaining wireless and satellite communication products, defence electronics, radar systems, and the development of network management software applications for its customers, mainly from the aerospace and defence sectors. The company's consolidated net profit tanked 86.4% YoY to Rs 2.74 crore in Q3 FY26, compared with Rs 20.08 crore in Q3 FY25. Revenue from operations declined 26.8% year-on-year to Rs 51.72 crore in Q3 FY26. Powered by Capital Market - Live

Avantel has received a contract worth Rs 459.90 crore from Zetwerk Manufacturing Businesses for supply of satellite communication equipments, along with one (1) year comprehensive onsite warranty and five (5) years comprehensive annual maintenance contract (AMC) support. Powered by Capital Market - Live

Avantel has received a purchase order of Rs 122.58 crore from NewSpace India for supply of S/X-band with Ka-band ready full motion Antennas.Powered by Capital Market - Live

The contract, covering supply, installation, and commissioning, is scheduled for completion by August 2027. Key terms include a 2.5% security deposit and a 0.5% performance bank guarantee. The order has been awarded by a domestic entity. Avantel is engaged in the business of designing, developing, and maintaining wireless and satellite communication products, defence electronics, radar systems, and the development of network management software applications for its customers, mainly from the aerospace and defence sectors. The company's consolidated net profit tanked 86.4% YoY to Rs 2.74 crore in Q3 FY26, compared with Rs 20.08 crore in Q3 FY25. Revenue from operations declined 26.8% year-on-year to Rs 51.72 crore in Q3 FY26.Powered by Capital Market - Live

Avantel has allotted 1,91,140 equity shares under ESOP on 28 January 2026. With this allotment, the paid up equity share capital has increased to 26,56,58,070 equity shares of Rs.2/- each aggregating to Rs.53,13,16,140/- Powered by Capital Market - Live

Revenue from operations declined 26.8% year-on-year to Rs 51.72 crore in Q3 FY26. Profit before tax (PBT) stood at Rs 5.82 crore in Q3 FY26, down 79.6% compared with the Rs 28.49 crore reported in Q3 FY25. Total expenses increased 8.43% YoY to Rs 46.31 crore in Q3 FY26. The cost of material consumed stood at Rs 23.38 crore (down 17.91% YoY), and employee benefit expense stood at Rs 13.50 crore (down 4.05% YoY) during the period under review. On a segmental revenue basis, revenue from communications and signal processing products stood at Rs 51.66 crore, registering a year-on-year decline of 27.17%. Revenue from the healthcare segment was Rs 0.47 crore, reflecting an 80.77% YoY jump during the quarter. Avantel is engaged in the business of designing, developing, and maintaining wireless and satellite communication products, defence electronics, radar systems, and the development of network management software applications for its customers, mainly from the aerospace and defence sectors.Powered by Capital Market - Live