Avantel quarterly results and financials

Avantel (AVANTEL)₹140.08−1.39%(9 Nov 2026 close)Aerospace & Defense

Key facts

In the Sep 2026 quarter (consolidated), Avantel reported sales of ₹74.34 Cr, up 34.2% from Sep 2025, and net profit of ₹6.83 Cr, up 59.6% year on year. For the year to Mar 2026, sales were ₹223 Cr and net profit ₹15.04 Cr.

Sales (Sep 2026): ₹74.34 Cr
Net profit (Sep 2026): ₹6.83 Cr
Sales (FY Mar 2026): ₹223 Cr
Net profit (FY Mar 2026): ₹15.04 Cr
EPS (Sep 2026): ₹0.25
Borrowings (Mar 2026): ₹33.87 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Avantel quarterly results

₹ crore unless stated; each column is a quarter.

Avantel Quarterly results
	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	59.25	41.72	51.73	77.41	70.65	49.22	51.89	55.38	51.67	63.78	70.36	74.34
Expenses	34.79	23.52	37.46	42.60	38.54	37.53	41.33	43.98	39.03	50.12	52.80	53.40
Operating Profit	24.36	18.13	14.12	34.58	31.99	11.59	10.42	11.29	12.50	13.56	17.40	20.80
OPM %	41.3%	43.6%	27.5%	44.9%	45.4%	23.7%	20.2%	20.5%	24.4%	21.4%	24.9%	28.1%
Other Income	0.35	0.45	0.29	0.48	0.50	0.47	0.04	0.90	0.40	1.09	0.11	0.29
Interest	0.88	0.32	0.65	0.73	1.03	0.67	0.81	1.27	1.78	1.82	1.77	2.76
Depreciation	1.85	2.46	2.87	2.97	3.06	2.95	4.41	4.77	5.37	5.58	7.12	8.79
Profit before tax	22.10	15.87	10.97	31.52	28.53	8.50	5.31	6.22	5.83	7.32	8.71	9.65
Tax %	26.1%	23.3%	32.7%	27.3%	29.5%	28.4%	39.2%	31.4%	52.9%	34.7%	38.0%	29.3%
Net Profit	16.35	12.19	7.40	22.95	20.12	6.10	3.24	4.28	2.75	4.78	5.40	6.83
EPS (Rs)	0.61	0.45	0.27	0.88	0.75	0.22	0.11	0.15	0.09	0.17	0.21	0.25

Avantel profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Avantel Profit and loss
	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	77.90	105	154	224	249	223	260
Expenses	55.85	77.73	108	143	157	175	195
Operating Profit	21.93	26.93	46.91	81.85	91.80	47.88	64.26
OPM %	29.1%	25.1%	30.1%	36.1%	37.1%	22.1%	24.7%
Other Income	0.99	0.99	0.00	0.99	1.99	1.99	1.89
Interest	2.01	2.01	5.01	4.01	3.01	6.01	8.13
Depreciation	3.01	4.01	6.01	8.01	12.02	20.05	26.86
Profit before tax	18.03	22.03	37.01	72.04	79.04	25.04	31.51
Tax %	17.0%	20.0%	27.0%	27.0%	29.0%	39.0%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	—
Net Profit	15.03	18.04	27.09	53.18	56.17	15.04	19.76
EPS (Rs)	0.57	0.67	1.01	1.99	2.12	0.55	0.72
Dividend payout %	10.9%	8.9%	6.0%	9.0%	9.0%	34.9%	—

Avantel balance sheet

₹ crore, at each year end.

Avantel Balance sheet
	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3.98	3.98	15.94	48.83	48.86	52.83
Reserves	61.76	77.82	90.80	115	188	285
Borrowings	2.99	15.94	29.87	17.92	25.90	33.87
Other Liabilities	16.92	10.95	11.95	33.84	25.88	36.81
Total Liabilities	86.65	109	149	215	289	409
Fixed Assets	15.99	26.99	31.04	48.05	115	181
CWIP	0.99	6.98	8.98	17.95	4.99	5.99
Investments	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	69.67	74.72	110	148	170	222
Inventories	2.99	16.97	44.97	45.95	59.95	92.87
Trade receivables	13.05	36.13	40.10	64.17	71.19	72.19
Cash & equivalents	42.95	0.99	0.99	12.99	7.99	10.98
Total Assets	86.65	109	149	215	289	409

Avantel cash flow

₹ crore, for each year.

Avantel Cash flow
	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	44.90	−31.97	1.99	64.94	49.94	9.99
Cash from investing activity	−41.87	22.95	−9.98	−41.89	−56.89	−92.77
Cash from financing activity	−3.01	9.04	8.03	−23.08	8.03	86.39
Net cash flow	0.00	0.00	0.00	1.01	1.01	4.01
Capex	4.99	14.96	9.98	21.93	77.78	90.67
Free cash flow	38.98	−52.93	−9.99	34.94	−14.98	−82.94
CFO / OP %	217.0%	−106.0%	22.0%	96.0%	87.0%	38.0%

Avantel ratios

Working-capital days and returns, by year.

Avantel Ratios
	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	62	126	94	104	104	117
Inventory days	33	130	257	217	344	520
Days payable	4	6	18	28	24	11
Cash conversion cycle	92	252	335	296	427	628
Working capital days	24	166	161	143	183	243
ROCE %	—	29.0%	35.1%	47.0%	37.0%	10.1%

Avantel: frequently asked questions

What are the latest quarterly results of Avantel?

For the Sep 2026 quarter, Avantel reported sales of ₹74.34 Cr, up 34.2% year on year and net profit of ₹6.83 Cr, up 59.6% year on year. The operating margin was 28.1%.

What is the annual revenue of Avantel?

Avantel's sales for the year to Mar 2026 were ₹223 Cr; over the last twelve months they were ₹260 Cr.

What is the net profit of Avantel?

Net profit for the year to Mar 2026 was ₹15.04 Cr, and ₹19.76 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.72.

How much debt does Avantel have?

Avantel reported borrowings of ₹33.87 Cr at Mar 2026, against cash and equivalents of ₹10.98 Cr.

What is the free cash flow of Avantel?

Cash from operations was ₹9.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹82.94 Cr.

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