Latest news with #SCA-compliant
Business Standard
23-06-2025
- Business
- Business Standard
Avantel gains after bagging orders worth Rs 25 cr
Avantel rallied 6.29% to Rs 164.75 after the company secured two orders worth Rs 24.73 crore from Mazagon Dock Shipbuilders and Defence Electronics Applications Laboratory, DRDO. The first order, worth Rs 11.06 crore, was awarded by Mazagon Dock Shipbuilders. It includes domestic manufacturing, with a delivery schedule from April 2026 to August 2029. A performance bank guarantee of 5% is required. The second contract, worth Rs 13.67 crore, was received from DRDO's DEAL division and is due for completion by August 2027. This order includes a 3% performance bank guarantee. 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. The companys consolidated net profit fell 49.96% to Rs 6.08 crore on a 17.96% rise in revenue from operations to Rs 49.26 crore in Q4 FY25 over Q4 FY24.
Business Standard
28-04-2025
- Business
- Business Standard
Avantel slips as Q4 PAT slides 50% YoY to Rs 6 cr
Avantel tumbled 11.71% to Rs 114.20 after the company reported a 49.96% drop in consolidated net profit to Rs 6.08 crore in Q4 FY25, compared with Rs 12.15 crore posted in Q4 FY24. 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.
