Avantel Q1 Results, Strong Revenue at ₹5,195.10 Lakhs, Net Profit at ₹808.19 Lakhs

Avantel Q1 Results 2024 - 2025: Avantel announced their Q1 financial results for the fiscal year 2024-2025 on July 19, 2024. The company reported a revenue increase of 23.78% compared to the previous quarter, with total revenue reaching ₹5,195.10 lakhs, up from ₹4,217.18 lakhs in Q4 2023-2024.

This growth in revenue reflects a strong performance in their core aerospace and defense sectors. However, the net profit for the quarter saw a decrease of 38.37% year-over-year, falling to ₹808.19 lakhs from ₹1,308.30 lakhs in the same quarter last year.

The rise in revenue was attributed to increased demand for Avantel’s products and services, including radios and satellite communications. Despite this positive revenue trend, the company faced higher costs in materials and employee benefits, which impacted overall profitability.

Other comprehensive income showed a loss of ₹36.76 lakhs, adding to the lower net profit. The company's earnings per share decreased slightly, with basic earnings at ₹0.33 compared to ₹0.54 in the previous quarter.

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Avantel Q1 Results 2024 - 2025

Here is a summary of Avantel's Q1 financial results for 2024-2025:

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Avantel Current Market Overview

Currently, Avantel is trading at ₹174 per share with a market capitalization of ₹4,244 crores. The stock has seen a high of ₹224 and a low of ₹67.4 over the past period. With a price-to-earnings ratio of 77.4, Avantel has a book value of ₹7.05 and offers a dividend yield of 0.11%.

The company boasts strong financial metrics, including a return on capital employed (ROCE) of 47.5% and a return on equity (ROE) of 39.2%. The stock is listed on both the BSE under code 532406 and the NSE under code AVANTEL.

Quarterly Results

Here are the quarterly results for Avantel for the periods of December 2023, March 2024, and June 2024:

About Avantel 

Avantel is a company that specializes in designing, developing, and manufacturing advanced products for the aerospace and defense industries. With over 30 years of experience, Avantel produces a range of high-tech equipment, including radios, satellite communication systems, and radar systems.

The company also offers services like aerospace electronics and network management software. Avantel serves key clients such as the Indian Defence Services and has a research and development facility located in Visakhapatnam, Andhra Pradesh, where it continues to innovate and support its products.

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