Avantel Ltd

Avantel will hold a meeting of the Board of Directors of the Company on 26 April 2025.Powered by Capital Market - Live

Avantel announced that CARE has reaffirmed the credit rating assigned to the bank facilities at CARE A-; Stable / CARE A2+. Powered by Capital Market - Live

Avantel has allotted 9,580 equity shares under ESOP. Consequent to this allotment, the paid-up equity share capital of the Company stands increased from 24,47,26,240 equity shares of Rs.2/- each aggregating to Rs.48,94,52,480/- to 24,47,35,820 equity shares of Rs.2/- each aggregating to Rs.48,94,71,640/-. Powered by Capital Market - Live

The project is scheduled to be executed by January 2026. Avantel specializes in providing strategic solutions to the Indian Defence Services and related establishments. It has developed and manufactured various radio components and unique products such as satellite communications, HF communications, electronic warfare, and radar systems. Currently, Avantel is working on expanding its portfolio by developing SCA-compliant software-defined radios, high-power HF systems, air defence radars, and small satellites. Larsen & Toubro (L&T) is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. It operates in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades. Shares of Avantel fell 1.01% to close at Rs 117.95, while those of Larsen & Toubro shed 0.93% to Rs 3,226.60 on Tuesday, 25 February 2025. The stock market is closed today on account of Mahashivratri.Powered by Capital Market - Live

Avantel has received a order worth of Rs.1.64 crore for supply of satcom systems from Larsen & Toubro. Powered by Capital Market - Live

The total value of the aforementioned contract is Rs 43.25 crore. NewSpace India (NSIL) is the commercial arm of Indian Space Research Organisation (ISRO). It is categorized as a schedule 'A' CPSE by Department of Public Enterprises (DPE). The company's mandate to commercially exploit the products and services emanating from the Indian Space Programme and serving domestic and global customers, as well as enable Indian Industries to scale up high-technology manufacturing base for space programme through technology transfer mechanisms. Avantel specializes in providing strategic solutions to the Indian Defence Services and related establishments. It has developed and manufactured various radio components and unique products such as satellite communications, HF communications, electronic warfare, and radar systems. Currently, Avantel is working on expanding its portfolio by developing SCA-compliant software-defined radios, high-power HF systems, air defence radars, and small satellites. The company had reported 23% increase in consolidated net profit to Rs 20.08 crore in Q3 FY25 as compared with Rs 16.32 crore posted in Q3 FY24. Revenue from operations rose 19.1% YoY to Rs 70.68 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

Avantel has received a purchase order worth Rs 43.25 crore from NewSpace India for supply, installation and commissioning of devices for Xponders. Powered by Capital Market - Live

The project is a comprehensive annual maintenance contract (CAMC) for wind profiler radar which has to be executed till January 2030. Avantel specializes in providing strategic solutions to the Indian Defence Services and related establishments. It has developed and manufactured various radio components and unique products such as satellite communications, HF communications, electronic warfare, and radar systems. Currently, Avantel is working on expanding its portfolio by developing SCA-compliant software-defined radios, high-power HF systems, air defence radars, and small satellites. The company had reported 23% increase in consolidated net profit to Rs 20.08 crore in Q3 FY25 as compared with Rs 16.32 crore posted in Q3 FY24. Revenue from operations rose 19.1% YoY to Rs 70.68 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

Avantel has received a purchase order worth Rs 5.81 crore from Satish Dhawan Space Centre ' SHAR, ISRO. The scope of work includes annual maintenance of Wind Profiler Radar. Powered by Capital Market - Live

Revenue from operations rose 19.1% YoY to Rs 70.68 crore in the quarter ended 31 December 2024. Profit before tax (PBT) stood at Rs 28.49 crore in Q3 FY25, up 29% as compared to Rs 22.09 crore in reported Q3 FY24. Total expenses increased 13.6% YoY to Rs 42.71crore in Q3 FY25. Cost of material consumed stood at Rs 28.48 crore (up 75.7% YoY), employee benefit expense stood at Rs 14.07 crore (up 55.3% YoY) and finance cost was at Rs 1.02 crore (up 17.2% YoY) during the period under review. On a segmental revenue basis, the revenue from communications and signal processing products stood at Rs 70.93 crore, registering a 19.3% (YoY) growth. Revenue from Healthcare was at Rs 0.26 crore, marking an 8.3% YoY increase during the quarter. On a nine-month basis, the company's consolidated net profit jumped 24.7% to Rs 50.36 crore in 9M FY25 as against Rs 40.40 crore posted in 9M FY24. Revenue from operations increased 9.4% YoY to Rs 199.86 crore in 9M FY25. Avantel specializes in providing strategic solutions to the Indian Defence Services and related establishments. It has developed and manufactured various radio components and unique products such as satellite communications, HF communications, electronic warfare, and radar systems. Currently, Avantel is working on expanding its portfolio by developing SCA-compliant software-defined radios, high-power HF systems, air defence radars, and small satellites. The scrip declined 1.32% to Rs 138.05 on the BSE. Powered by Capital Market - Live