Heavy Electrical Equipment company Avalon Technologies announced Q2FY25 results Financial Highlights: Revenue Rs 275 crore compared to Rs 201 crore during Q2FY24 grew by 37.9% on QoQ. Total Income: Rs 278.9 crore compared to Rs 205.8 during Q2FY24 grew by 36.8% QoQ. EBITDA: Rs 30.1 crore compared to Rs 12.6 crore during Q2FY24 grew by 589.1% QoQ. EBITDA Margin 11.0% for Q2FY25. Gross Margin is at 36.8%. PAT: Rs 17.5 crore compared to Rs 7.3 crore during Q2FY24. PAT Margin: 6.3% for Q2FY25. Other Highlights: Order book increased by 19.4% YoY. Net Working Capital days improved by 27 days i.e. from 161 days in Mar’24 to 134 days in Sep’24. A new plant for exports started operations. On brownfield expansion for domestic demand Phase 2 work is estimated to commence early next year. Mr. Suresh Veerappan who led Business finance and Investor Relations over last 2.5 years, is appointed as the new CFO. Won technical award and technical encouragement award at Precision Sheet Metal Technology fair. Employees of Avalon won IPC national soldering competition runner-up award and cyber security award Result PDF
Heavy Electrical Equipment company Avalon Technologies announced Q1FY25 results: Financial Highlights: Revenue decreased by 8.0% on QoQ basis and 15.2% on YoY basis. Gross Margin came in at 33.2%. EBITDA Margin is at 2.2%. Key Highlights: Order book + Long-term contracts increased 43.5% YoY. Generated Operating Cashflows of Rs 36 crore in Q1FY25. In Q1, payable & receivable days improved by 7 & 4 days respectively. Overall Net Working Capital improved by 5 days. A new plant for exports started operations. Another brownfield expansion for domestic demand is expected next year. Won orders from established US customers in Automotive, Clean energy & Industrial segments. Won Platinum, Gold & Silver awards in 18th National 3M competition conducted by Confederation of Indian Industry (CII). Result PDF
Heavy Electrical Equipment company Avalon Technologies announced Q4FY24 results: Revenue grew by 1.2% on QoQ basis and down by -20.2% on YoY basis. Gross Margin is at 37.5%. EBITDA Margin is at 7.9%. Our Indian manufacturing, which represents 77% of our business reported operating margins of 12.7% and PAT margins of 8.5%. Losses in the US operations are temporarily overshadowing the strong performance of our Indian operations and impacted our consolidated results. Our Order book + Long term contracts increased by 26% YoY. US geography revenue increased by 13% QoQ growth showing initial signs of recovery. Absolute inventory levels decreased by 10% from Dec’23 to Mar’24. Result PDF