Avantel Limited reported a standalone net profit of ₹761.77 lakh for the first quarter ended June 30, 2026, reflecting a strong year-on-year (YoY) growth compared to ₹46 lakh in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹7012.34 lakh, up from ₹518 lakh in the corresponding quarter of the prior year. The company's total income for Q1FY27 was ₹7023.89 lakh, while revenue from operations in the preceding quarter ended March 31, 2026, was ₹6314.66 lakh.

The Board of Directors, at its meeting held on July 11, 2026, approved the unaudited standalone and consolidated financial results for the period. The results were reviewed by the Statutory Auditors and the Audit Committee. The company operates in a single segment, focusing on communications and signal processing products, and noted that its principal customer is an organization controlled by the Government of India, which influenced its decision regarding loss allowance provisions.

Financial Performance

Avantel's standalone financial results for the quarter ended June 30, 2026, reflect broad-based improvement across key metrics on both a sequential and year-on-year basis. EBITDA for the quarter came in at ₹191 lakh, compared to ₹114 lakh in Q1 of the previous year, while the EBITDA margin expanded to 27.30% from 21.89% YoY. Total expenses for the quarter were ₹5931.69 lakh, and profit before tax stood at ₹1092.20 lakh. The basic and diluted earnings per equity share (face value ₹2) stood at ₹0.29 for the quarter.

The following table summarises the standalone financial performance across reporting periods (all figures in ₹ lakh unless stated):

The YoY performance highlights a significant improvement across key operating metrics:

On a consolidated basis, which includes subsidiary iMeds Global Private Limited, the company reported a net profit of ₹539.46 lakh for Q1FY27, compared to ₹477.47 lakh in the previous quarter. Total consolidated revenue from operations was ₹7042.16 lakh. The subsidiary reported a net loss of ₹222.31 lakh for the quarter, which the management stated is not material to the Group.

Board Decisions and Appointments

The Board approved the revision of remuneration for Mr. Abburi Siddhartha Sagar, Executive Director (Strategy & Business Development), from ₹48.00 Lakhs per annum to ₹55 Lakhs per annum, effective July 11, 2026. Additionally, the Board approved the re-appointment of Mr. Abburi Siddhartha Sagar for a further term of five years commencing March 8, 2027, subject to shareholder approval via postal ballot.

Mr. Peddi Bala Bhaskar Rao was appointed as an Additional Director designated as Director (Operations) for a term of three years effective July 11, 2026, subject to shareholder approval. The Board also approved the re-appointment of Mr. Vyasabhattu Ramchander as an Independent Director for a second consecutive term of five years from May 6, 2027, subject to approval by a special resolution through postal ballot. The Board further reconstituted the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee with immediate effect.

Avantel has secured a firm purchase order worth ₹83.80 crores from Zetwerk Manufacturing Businesses Limited for the supply of satellite communication equipment. The order, inclusive of applicable taxes, is pursuant to a rate contract awarded earlier and is scheduled for execution by March 2027, reinforcing the company's position in the specialized communication systems segment.

Order Details

The key parameters of the order are outlined below:

Contract Highlights

The order encompasses the supply of satellite communication equipment to a domestic entity, with execution expected to be completed by March 2027. As part of the contractual obligations, Avantel will provide a one-year comprehensive onsite warranty upon delivery. The company confirmed that the transaction does not involve any related party interests and is conducted at arm's length.