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Avance Technologies (BSE 512149)₹0.8200+1.23%Software Products
In the Sep 2026 quarter (consolidated), Avance Technologies reported sales of ₹32.14 Cr, down 22.3% from Sep 2025, and net profit of −₹5.96 Cr. For the year to Mar 2026, sales were ₹159 Cr and net profit ₹13.01 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19.01 | 106 | 46.83 | 44.19 | 32.34 | 48.29 | 37.38 | 41.38 | 49.47 | 30.95 | 60.66 | 32.14 |
| Expenses | 17.11 | 106 | 44.66 | 41.46 | 30.78 | 50.12 | 36.72 | 43.08 | 48.35 | 31.47 | 59.08 | 39.01 |
| Operating Profit | 1.93 | −0.30 | 2.20 | 2.74 | 1.58 | −1.86 | 0.68 | −1.74 | 1.13 | −0.55 | 1.54 | −6.91 |
| OPM % | 10.1% | −0.3% | 4.7% | 6.2% | 4.9% | −3.8% | 1.8% | −4.2% | 2.3% | −1.7% | 2.5% | −21.4% |
| Other Income | 0.00 | 2.52 | 0.00 | 0.00 | 0.20 | 2.00 | 0.96 | 0.96 | 0.93 | 10.99 | 0.93 | 0.95 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.03 | 0.06 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1.93 | 2.23 | 2.20 | 2.72 | 1.73 | 0.14 | 1.61 | −0.77 | 2.00 | 10.39 | 2.48 | −5.94 |
| Tax % | 0.0% | 4.5% | 0.0% | 0.0% | 0.0% | 1,006.7% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% |
| Net Profit | 1.93 | 2.16 | 2.20 | 2.74 | 1.75 | −1.37 | 1.63 | −0.78 | 2.02 | 10.38 | 2.48 | −5.96 |
| EPS (Rs) | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | −0.02 | 0.02 | 0.00 | 0.02 | 0.06 | 0.02 | −0.04 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 102 | 89.89 | 28.98 | 30.99 | 144 | 172 | 159 | 173 |
| Expenses | 102 | 89.96 | 28.99 | 29.98 | 142 | 167 | 160 | 178 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 | 5.01 | −1.01 | −4.79 |
| OPM % | 0.0% | 0.2% | 0.7% | 1.6% | 1.7% | 3.0% | −0.3% | −2.8% |
| Other Income | −0.99 | 0.00 | 0.00 | 0.00 | 2.99 | 1.99 | 14.01 | 13.80 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | −1.01 | 0.00 | 0.00 | 0.00 | 4.99 | 6.99 | 13.01 | 8.93 |
| Tax % | 0.0% | 0.0% | 29.0% | 20.0% | 3.0% | 28.0% | 0.0% | — |
| Exceptional items | −1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | −1.01 | 0.00 | 0.00 | 0.00 | 5.01 | 5.01 | 13.01 | 8.92 |
| EPS (Rs) | −0.02 | 0.00 | 0.00 | 0.00 | 0.03 | 0.04 | 0.08 | 0.06 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 198 | 198 | 198 | 198 | 198 | 198 | 198 |
| Reserves | 188 | 188 | 189 | 173 | 178 | 183 | 196 |
| Borrowings | 0.00 | 0.00 | 150 | 0.00 | 0.00 | 56.08 | 164 |
| Other Liabilities | 58.28 | 62.30 | 62.30 | 63.30 | 114 | 63.31 | 91.44 |
| Total Liabilities | 445 | 449 | 599 | 435 | 489 | 501 | 651 |
| Fixed Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 224 | 222 | 223 | 276 | 250 | 235 | 191 |
| Other Assets | 221 | 227 | 377 | 160 | 240 | 266 | 460 |
| Inventories | 20.01 | 21.01 | 20.01 | 7.01 | 20.01 | 36.02 | 91.02 |
| Trade receivables | 10.02 | 7.01 | 11.01 | 1.01 | 12.02 | 11.01 | 42.07 |
| Cash & equivalents | 0.00 | 0.00 | 0.00 | 0.00 | 14.95 | 20.93 | 48.79 |
| Total Assets | 445 | 449 | 599 | 435 | 489 | 501 | 651 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 27.97 | −0.99 | 0.00 | 5.99 | 29.95 | −67.90 | −137 |
| Cash from investing activity | −27.89 | 1.99 | −149 | 6.98 | 25.89 | 17.95 | 56.77 |
| Cash from financing activity | 0.00 | 0.00 | 150 | −14.01 | −42.04 | 56.07 | 108 |
| Net cash flow | 0.00 | 0.00 | 0.00 | 0.00 | 15.06 | 6.02 | 28.11 |
| Capex | 1.19 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Free cash flow | 25.94 | −0.99 | 0.00 | 5.98 | 29.91 | −67.81 | −137 |
| CFO / OP % | −69,125.0% | −670.0% | 53.0% | 1,278.0% | 1,225.9% | −1,290.0% | 24,459.9% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 34 | 28 | 138 | 14 | 31 | 23 | 97 |
| Inventory days | 71 | 86 | 257 | 81 | 50 | 78 | 208 |
| Days payable | 208 | 246 | 778 | 772 | 291 | 137 | 207 |
| Cash conversion cycle | −101 | −132 | −382 | −677 | −209 | −35 | 99 |
| Working capital days | −102 | −137 | −378 | −665 | −206 | 4 | 101 |
| ROCE % | — | 0.0% | 0.0% | — | 1.0% | 2.0% | 3.0% |
For the Sep 2026 quarter, Avance Technologies reported sales of ₹32.14 Cr, down 22.3% year on year and net profit of −₹5.96 Cr. The operating margin was −21.4%.
Avance Technologies' sales for the year to Mar 2026 were ₹159 Cr; over the last twelve months they were ₹173 Cr.
Net profit for the year to Mar 2026 was ₹13.01 Cr, and ₹8.92 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.06.
Avance Technologies reported borrowings of ₹164 Cr at Mar 2026, against cash and equivalents of ₹48.79 Cr.
Cash from operations was −₹137 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹137 Cr.