Avance Technologies Reports Standalone Loss in Q2, Revenue Grows

Avance Technologies Limited has announced its financial results for the second quarter and half-year ended September 30, revealing a mixed performance with a notable decline in standalone profits despite revenue growth.

Key Financial Highlights

Particulars (in ₹ lakhs)	Q2 FY26	Q2 FY25	YoY Change	H1 FY26	H1 FY25	YoY Change
Revenue from Operations	2,516.38	2,032.12	23.83%	5,037.19	2,455.13	105.17%
Total Income	2,610.55	2,032.12	28.46%	5,225.53	2,455.13	112.84%
Total Expenses	2,522.48	1,837.93	37.25%	5,083.33	2,220.93	128.88%
Profit/(Loss) Before Tax	88.07	194.19	-54.65%	142.20	234.21	-39.29%
Net Profit/(Loss)	88.07	194.19	-54.65%	142.20	234.21	-39.29%

Quarterly Performance Analysis

Avance Technologies reported a standalone loss of ₹88.07 lakhs for the quarter ended September 30, compared to a profit of ₹194.19 lakhs in the corresponding quarter of the previous year. This represents a significant year-on-year decline of 54.65% in profitability.

Despite the drop in profits, the company's revenue from operations increased to ₹2,516.38 lakhs, up 23.83% from ₹2,032.12 lakhs in the same quarter of the previous fiscal year. The total income for the quarter stood at ₹2,610.55 lakhs, showing a 28.46% growth compared to the same period last year.

Half-Yearly Performance

For the half-year ended September 30, Avance Technologies' revenue from operations more than doubled to ₹5,037.19 lakhs from ₹2,455.13 lakhs in the corresponding period of the previous year, marking a substantial growth of 105.17%. However, the net profit for the first half decreased to ₹142.20 lakhs, down 39.29% from ₹234.21 lakhs in the corresponding period of the previous year.

Expense Management

The company's total expenses for the quarter increased by 37.25% to ₹2,522.48 lakhs, compared to ₹1,837.93 lakhs in the same quarter of the previous year. For the half-year, expenses rose by 128.88% to ₹5,083.33 lakhs from ₹2,220.93 lakhs in the previous year.

Management Commentary

The Board of Directors approved these un-audited standalone financial results at their meeting. The company has not provided any specific commentary on the factors contributing to the decline in profitability despite revenue growth.

Conclusion

While Avance Technologies Limited has shown strong revenue growth both in the quarter and half-year periods, the significant increase in expenses has led to a decline in profitability. Investors and analysts may want to keep a close eye on the company's expense management strategies and their impact on future financial performance.

Note: All figures are based on standalone financial results as reported by the company.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.58%	-21.51%	-51.82%	+131.75%	+53.68%	+197.96%

Avance Technologies Limited has announced its unaudited financial results for the first quarter ended June 30, 2025, showcasing significant growth in revenue and profit. The company has also made key strategic decisions, including the appointment of a new Chairman and Managing Director and the approval of a rights issue to raise funds.

Financial Performance

On a standalone basis, Avance Technologies reported a substantial increase in revenue from operations, reaching Rs 2,520.81 crore for Q1, compared to Rs 423.01 crore in the same quarter of the previous year. This represents a remarkable year-on-year growth of nearly 496%. The company's profit for the quarter stood at Rs 54.13 crore, up from Rs 40.02 crore in Q1 of the previous year, marking a 35.3% increase.

Consolidated results also showed strong performance:

Particulars (in Rs crore)	Q1 FY2026	Q1 FY2025	YoY Change
Revenue from Operations	3,741.90	4,686.45	-20.2%
Total Income	3,836.71	4,686.45	-18.1%
Profit Before Tax	162.06	219.46	-26.2%
Net Profit	162.06	219.46	-26.2%

While consolidated revenue and profit showed a decline compared to the previous year, the company maintained a strong financial position with a profit of Rs 162.06 crore for the quarter.

Leadership Changes

The Board of Directors has approved the re-designation of Mr. Latesh Poojary as Chairman and Managing Director of the company. This appointment is subject to shareholder approval at the upcoming General Meeting. Mr. Poojary, a Commerce graduate with extensive experience in marketing, is known for his strategic acumen and results-driven approach in brand positioning and market outreach.

Rights Issue

In a significant move to strengthen its financial position, Avance Technologies has approved a rights issue to raise up to Rs 49.90 crore. The company plans to issue fully paid-up equity shares with a face value of Re. 1 each to existing shareholders. The number of shares and the ratio will be decided by the Board of Directors.

Other Key Points

The company's Earnings Per Share (EPS) on a consolidated basis stood at Rs 0.01 for Q1 FY2026.
The Board meeting, held on August 14, 2025, commenced at 3:00 PM and concluded at 3:25 PM.
The financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013.

Avance Technologies Limited continues to demonstrate resilience and growth in its core operations, as evidenced by the substantial increase in standalone revenue. The appointment of Mr. Latesh Poojary as Chairman and Managing Director, coupled with the planned rights issue, signals the company's commitment to strategic growth and value creation for its shareholders.

Investors and stakeholders will be keenly watching how these developments unfold and impact the company's future performance in the dynamic technology sector.