Avantel
190.60
-7.72(-3.89%)
Market Cap₹5,050.30 Cr
PE Ratio96.70
Company Performance:
1D-3.89%
1M+7.65%
6M+57.74%
1Y+13.41%
5Y-1.86%
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More news about Avantel
16Sept 25
Avantel Limited Secures Rs. 9.92 Crore Order for Satcom Products from Garden Reach Shipbuilders
Avantel Limited has received a purchase order worth Rs. 9.92 crore from Garden Reach Shipbuilders Limited for the supply of Satcom Products. The order execution period is from March 15, 2026, to June 15, 2026, and involves domestic manufacturing. A 3% performance bank guarantee is required. The company disclosed this information in compliance with SEBI regulations, confirming no related party transactions or promoter group interests are involved.
08Sept 25
Avantel Secures Rs. 9.88 Crore Amended Purchase Order from Department of Atomic Energy
Avantel Limited received an amended purchase order worth Rs. 9.88 crore from the Department of Atomic Energy. The domestic supply contract has an execution deadline of September 30, 2026, with a 3% Bank Guarantee as performance security. Avantel's credit ratings were reaffirmed by Acuité Ratings & Research Limited, with a long-term rating of 'ACUITE A-' and short-term rating of 'ACUITE A2+' for bank facilities worth Rs. 69.50 crore. The same ratings were assigned to an additional Rs. 65.00 crore of bank facilities.
29Aug 25
Avantel Secures ₹2.84 Crore Order for Satcom Products
Avantel Limited has received a ₹2.84 crore purchase order from Chowgule and Company Private Limited for Satcom products. The order includes manufacturing and service components with a 24-month warranty period and an execution deadline of March 15, 2026. This domestic contract reinforces Avantel's position in the Indian satellite communication market.
11Aug 25
Avantel Secures ₹10.11 Crore Order from HAL for Satcom Equipment
Avantel Limited has received a purchase order worth ₹10.11 crore from Hindustan Aeronautics Limited (HAL) for supplying Satcom Equipment - Airborne Version. The order, received on August 11, 2025, is classified as a domestic manufacturing order with an execution timeline of August 10, 2026. The equipment comes with a 24-month warranty period from the date of acceptance. This order complies with SEBI regulations and does not involve related party transactions.
25Jul 25
Avantel Limited Reports Proper Utilization of Rs 80.91 Crore Rights Issue Proceeds
Avantel Limited has submitted its monitoring agency report for Q2 2023, confirming the appropriate use of Rs 80.91 crore raised through a Rights Issue. The company utilized Rs 26.49 crore during the quarter, with Rs 5.60 crore for a new manufacturing facility, Rs 19.94 crore for general corporate purposes, and Rs 0.95 crore for issue-related expenses. The remaining Rs 54.42 crore is held in a monitoring account. The Rights Issue aimed to fund capital expenditure for a new manufacturing facility and GSaaS infrastructure. Avantel's Q2 standalone results show revenue of Rs 5,183.65 lakh and net profit of Rs 462.40 lakh.
25Jul 25
AVANTEL Reports Flat Q1 Revenue Growth with Significant Profit Decline
Avantel Limited's Q1 results show minimal revenue growth of 0.19% to ₹519.00 crore. However, profitability declined significantly with EBITDA falling 26.76% to ₹104.00 crore and net profit dropping 56.76% to ₹32.00 crore. The EBITDA margin compressed to 20.04% from 27.41%. The company's main segment, communications and signal processing products, generated ₹518.82 crore in revenue. Avantel completed a rights issue, allotting 2,02,26,100 equity shares at ₹40 per share.
22Jul 25
Avantel Limited Mourns the Loss of Promoter Mr. Abburi Venkateswara Rao
Avantel Limited announced the demise of promoter Abburi Venkateswara Rao, aged 87, on July 21, 2025. He held 23,78,786 equity shares (0.90% of total equity). The transmission of his shares to the nominee is in process. Mr. Rao will no longer be part of the Promoter/Promoter Group. The company expressed deep sorrow over the loss and made the announcement in compliance with SEBI regulations.
01Jul 25
Avantel Secures Rs 5.97 Crore SATCOM Equipment Order from Goa Shipyard
Avantel Limited has received a new order from Goa Shipyard Limited for SATCOM equipment, valued at Rs 5.97 crore. This contract signifies Avantel's involvement in the maritime communication sector and could potentially strengthen its market position. The order may contribute to Avantel's revenue stream and open up future opportunities in the shipbuilding and maritime sectors.
21Jun 25
Avantel Secures ₹13 Crore Contract from DRDO for Defense-Related Products
Avantel Limited, a defense and aerospace technology company, has been awarded a ₹13.00 crore contract by the Defence Research and Development Organisation (DRDO). The contract, likely involving defense-related products or services, is expected to boost Avantel's revenue and strengthen its position in the defense technology sector. This partnership with DRDO, India's premier defense research agency, could lead to future collaborations and opportunities for Avantel in the defense industry.
21Jun 25
Avantel Secures ₹11 Crore Order from Mazagon Dock Shipbuilders
Avantel Limited has received an order worth ₹11.00 crore from Mazagon Dock Shipbuilders. This order is expected to boost Avantel's revenue and potentially strengthen its position in the defense and maritime technology sectors. The partnership with Mazagon Dock Shipbuilders, a key player in India's shipbuilding industry, may lead to future collaborations. Specific details about the products or services involved in the order have not been disclosed.
11Jun 25
Avantel's Subsidiary to Launch State-of-the-Art Medical Products Facility in Visakhapatnam
Avantel Limited's subsidiary, Imeds Global Private Ltd, is set to open a new facility for medical product design, development, and manufacturing in Visakhapatnam. The 2-acre complex will feature 25,000 sq. ft. of built-up area, including clean rooms and testing infrastructure. The facility is scheduled to begin operations on June 15, 2025, marking Avantel's strategic expansion into the healthcare sector.
10Jun 25
Avantel Subsidiary to Launch New Medical Product Facility in Visakhapatnam
Avantel Limited's subsidiary, Imeds Global Private Ltd, is set to open a new medical product facility in Visakhapatnam. The 2-acre site will include 25,000 square feet of construction area with clean rooms and advanced testing facilities. The facility, focusing on design, development, and manufacturing of medical products, is scheduled to start operations on June 15, 2025. This expansion represents a significant move into the healthcare sector for Avantel, potentially diversifying its revenue streams and opening new market opportunities.
01May 25
Avantel Unveils ₹809 Crore Rights Issue at ₹40 Per Share
Avantel Limited has approved a rights issue to raise ₹809 crore. The issue offers 2,02,26,100 shares at ₹40 per share, with a rights entitlement ratio of 10:121. The issue opens on May 15, 2025, and closes on May 22, 2025, with a record date of May 7, 2025. Post-issue, the company's outstanding equity shares will increase to 26,49,61,920, subject to full subscription.
26Apr 25
Avantel Reports Mixed Q4 Results: Revenue Up, Profits Down
Avantel Limited's Q4 FY2024-25 results show revenue growth of 17.70% YoY to 492.00 crore rupees, but decreased profitability. Net profit dropped to 61.00 crore rupees from 121.00 crore rupees last year. Full-year results were more positive with 11.00% revenue growth and 7.40% net profit increase. The company declared a final dividend of 0.20 rupees per share and announced plans for a rights issue to raise up to 81.00 crore rupees. Avantel is also diversifying into the healthcare sector.
25Feb 25
Avantel Ltd Secures ₹43.25 Crore Order from ISRO's Commercial Arm for Coastal Security Enhancement
Avantel Ltd has received a ₹43.25 crore order from NewSpace India Limited (NSIL), ISRO's commercial arm, for 45,252 Xponder devices to enhance coastal security. The order, to be delivered by August 2025, builds on Avantel's previous successful collaborations with NSIL and ISRO. The news triggered a 13% surge in Avantel's stock price, reflecting investor confidence in the company's growth prospects in the defense and space sectors.
Avantel
190.60
-7.72
(-3.89%)
1 Year Returns:+13.41%
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