Avantel Q2 Results Revenue Growth from ₹51.65 Crores to ₹77.25 Crores

Avantel Q2 Results: Avantel’s Q2 financial results for September 2023 show several key changes compared to the previous quarter in June 2023. The company earned a total revenue of ₹54.33 crores in September 2023, which is lower than the ₹68.95 crores it earned in June 2023. This means there was a drop in revenue over the quarter.

Avantel’s expenses for selling, general, and administrative costs increased to ₹8.82 crores in September, compared to ₹5.33 crores in June. Similarly, other operating expenses rose from ₹5.42 crores to ₹6.77 crores over the same period. Depreciation and amortization, which is the cost of assets losing value over time, slightly increased to ₹1.64 crores from ₹1.57 crores.

Avantel managed to reduce its total operating expenses, from ₹56.27 crores in June to ₹31.01 crores in September. This helped the company achieve a higher operating income of ₹23.32 crores in September, compared to ₹12.68 crores in June.

Before taxes, Avantel’s net income was ₹22.20 crores in September, which was an improvement from ₹11.40 crores in June. After taxes, the company’s net income more than doubled, reaching ₹16.07 crores, up from ₹8.01 crores. The earnings per share (EPS) also increased from ₹0.33 to ₹0.66 in this period.

Here is the table, summarizing Avantel's Q2 results:

(Rs. in crores, except the shares)

Source: Here 

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Avantel Q2 Results 

Avantel’s financial results for the quarter and half-year ending September 30, 2024, show steady growth in revenue and profits. For the quarter, the company earned ₹7,725.08 lakhs from its operations, which is an increase from ₹5,165.20 lakhs in the previous quarter (June 2024). Compared to the same quarter last year (September 2023), the revenue is also higher, showing positive growth over time.

Avantel’s total income, which includes other sources of income, was ₹7,774.35 lakhs for the quarter, up from ₹5,195.10 lakhs in June 2024. This means Avantel brought in extra money from other activities, adding to their overall earnings.

Avantel spent ₹4,556.78 lakhs to run its operations, including costs of materials, employee salaries, and other expenses. After covering all expenses, Avantel’s profit before tax for the quarter was ₹3,217.57 lakhs, a significant increase from the previous quarter’s ₹1,166.29 lakhs.

Avantel’s net profit for the quarter was ₹2,357.23 lakhs, up from ₹808.19 lakhs in June 2024. This shows the company is managing its costs well and earning more profits. Earnings per share also improved, with basic earnings rising to ₹0.97 from ₹0.33 in June 2024, reflecting better returns for shareholders.

Here is a simplified breakdown of the financial results for Avantel for the quarter and half-year ended September 30, 2024, in lakhs:

Avantel Stock Metrics

Avantel with a market cap of ₹ 4,392 crore, which shows its overall value in the stock market. Its current stock price is ₹ 181. Over the past year, the stock reached a high of ₹ 224 and a low of ₹ 86.0, indicating some price fluctuation. The price-to-earnings (P/E) ratio is 71.2, meaning investors are willing to pay ₹ 71.2 for every ₹ 1 of profit the company makes. The book value is ₹ 8.45, showing the company's net worth per share. Avantel offers a dividend yield of 0.11%, providing small returns to shareholders. 

Here is the stock information you provided in a table format:

Quarterly Results 

The table shows Avantel's financial performance for March, June, and September 2024. In March 2024, the company made ₹42 crores in sales and had expenses of ₹23 crores, leading to an operating profit of ₹19 crores, with an operating profit margin (OPM) of 46%. By June 2024, sales increased to ₹52 crores, but expenses also rose to ₹37 crores, resulting in a lower operating profit of ₹15 crores and an OPM of 29%. In September 2024, Avantel saw strong growth, with sales jumping to ₹77 crores and net profit reaching ₹24 crores, showing a solid recovery and profitability.

Here’s the data for March 2024, June 2024, and September 2024, along with the particulars:

(Standalone Figures in Rs. Crores)

About Avantel 

Avantel is a company that designs and develops digital solutions to improve people's lives using innovative technology. With over thirty years of experience, Avantel has been a key player in the strategic sector, particularly supporting the Indian Defence Services. In its early years, the company made parts for radios, but since the early 2000s, it has shifted focus to providing complete system solutions in areas like satellite communications, electronic warfare, and radar systems. Avantel aims for excellence in everything it does, creating high-quality, indigenous products that are competitive in the market.

Avantel values teamwork and respect among its employees, believing that each person plays an important role in its success. With a motto of “Nation First,” Avantel is committed to helping India become self-reliant while also conserving natural resources through constant innovation. The company is expanding with new manufacturing facilities and offices to further enhance its capabilities.