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Company News Details

Avantel Ltd
Industry :  Telecommunications - Equipment
BSE Code
ISIN Demat
Book Value()
532406
INE005B01027
12.4136844
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
AVANTEL
69.27
4147.98
EPS(TTM)
Face Value()
Div & Yield %
2.26
2
0.12
 

Avantel Ltd
Avantel jumps after Q2 PAT jumps 42% YoY to Rs 23 cr
Oct 07,2024
The company‘s revenue from operations jumped 42.5% YoY to Rs 77.42 crore in Q2 FY25.

Profit before tax (PBT) stood at Rs 31.50 crore in Q1 FY25, up 41.89% as compared with Rs 22.20 crore in Q2 FY24.

Total expenses increased 42.71% YoY to Rs 46.41 crore in Q2 FY25. Cost of material consumed stood at Rs 25.77 crore (up 82.38% YoY), employee benefit expense stood at Rs 16.08 crore in Q2 FY25 (up 82.31% YoY) while finance cost was at Rs 0.71 crore (down 52.98% YoY) during the period under review.

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.

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