Avantel Ltd

Acuit' Ratings & Research has reaffirmed the long-term rating of 'ACUITE A-' (read as ACUITE A minus) and short-term rating of 'ACUITE A2+' (read as ACUITE A two plus) on Rs.69.50 Cr bank facilities of Avantel Limited. The outlook is 'Stable'.Powered by Capital Market - Live

PNC Infratech Ltd, Sheela Foam Ltd, JM Financial Ltd and Sunflag Iron & Steel Company Ltd are among the other gainers in the BSE's 'A' group today, 05 June 2025.Avantel Ltd soared 12.41% to Rs 180.3 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 12.1 lakh shares were traded on the counter so far as against the average daily volumes of 6.2 lakh shares in the past one month. PNC Infratech Ltd spiked 9.89% to Rs 313.3. The stock was the second biggest gainer in 'A' group. On the BSE, 7.09 lakh shares were traded on the counter so far as against the average daily volumes of 56425 shares in the past one month. Sheela Foam Ltd surged 8.58% to Rs 679.7. The stock was the third biggest gainer in 'A' group. On the BSE, 44112 shares were traded on the counter so far as against the average daily volumes of 13533 shares in the past one month. JM Financial Ltd exploded 7.31% to Rs 140.25. The stock was the fourth biggest gainer in 'A' group. On the BSE, 5.85 lakh shares were traded on the counter so far as against the average daily volumes of 2.92 lakh shares in the past one month. Sunflag Iron & Steel Company Ltd gained 7.16% to Rs 289.75. The stock was the fifth biggest gainer in 'A' group. On the BSE, 64485 shares were traded on the counter so far as against the average daily volumes of 17779 shares in the past one month. Powered by Capital Market - Live

Avantel has revised the Annual General Meeting of the company which was scheduled to be held on 21 June 2025. The meeting will now be held on 23 June 2025.Powered by Capital Market - Live

Avantel has allotted 2,02,26,100 equity shares of face value of Rs 2 each on rights basis to the eligible shareholders at an issue price of Rs.40/- per equity share. Consequent to the said allotment, the paid-up equity share capital of the company stands increased to 26,49,61,920 equity shares of Rs 2 each. Powered by Capital Market - Live

Avantel has received purchase order worth Rs 17.70 crore from Bharat Electronics. Powered by Capital Market - Live

Despite the sharp fall in profits, revenue from operations rose 17.96% YoY to Rs 49.26 crore for the quarter ended 31 March 2025. Profit before tax (PBT) stood at Rs 8.49 crore in Q4 FY25, down 46.44% compared to Rs 15.85 crore in reported Q4 FY24. Total expenses jumped 56.43% YoY to Rs 41.25 crore in Q4 FY25. Cost of material consumed stood at Rs 12.31 crore (down 35.62% YoY), employee benefit expense stood at Rs 13.32 crore (up 7.33% YoY), and finance cost was at Rs 0.66 crore (up 112.9% YoY) during the period under review. On a segmental revenue basis, the revenue from communications and signal processing products stood at Rs 49.62 crore, registering a 17.67% (YoY) growth. Revenue from healthcare was at Rs 0.12 crore, marking a 140% YoY increase during the quarter. On a full-year basis, the company's net profit jumped 7.4% to Rs 56.44 crore on an 11.04% rise in revenue to Rs 249.13 crore in FY24 over FY23. 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. Powered by Capital Market - Live

Net profit of Avantel declined 49.96% to Rs 6.08 crore in the quarter ended March 2025 as against Rs 12.15 crore during the previous quarter ended March 2024. Sales rose 17.96% to Rs 49.26 crore in the quarter ended March 2025 as against Rs 41.76 crore during the previous quarter ended March 2024. For the full year,net profit rose 7.40% to Rs 56.44 crore in the year ended March 2025 as against Rs 52.55 crore during the previous year ended March 2024. Sales rose 11.04% to Rs 249.13 crore in the year ended March 2025 as against Rs 224.37 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales49.2641.76 18 249.13224.37 11 OPM %23.5743.46 -37.1336.46 - PBDT11.4318.31 -38 91.2479.04 15 PBT8.4915.85 -46 79.4471.54 11 NP6.0812.15 -50 56.4452.55 7 Powered by Capital Market - Live

Avantel announced that the 35th Annual General Meeting(AGM) of the company will be held on 21 June 2025.Powered by Capital Market - Live

Avantel announced that the Board of Directors of the Company at its meeting held on 26 April 2025, has recommended a Final dividend of Rs.0.20 per share (i.e.10%), subject to the approval of the shareholders.Powered by Capital Market - Live

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