Heavy Electrical Equipment company Avalon Technologies announced Q4FY26 & FY26 results Q4FY26 Financial Highlights: Revenue from Operations for Q4FY26 stood at Rs 480 crore, representing a growth of 14.9% QoQ from Rs 418 crore in Q3FY26 and an increase of 40.0% YoY from Rs 343 crore in Q4FY25. EBITDA for the quarter was Rs 57 crore, up 18.6% QoQ from Rs 48 crore and up 37.5% YoY compared to Rs 41 crore in Q4FY25. Profit Before Tax (PBT) for Q4FY26 was Rs 56 crore, an increase of 72.7% YoY from Rs 33 crore in Q4FY25. Profit After Tax (PAT) for Q4FY26 was Rs 41 crore, reflecting a growth of 26.2% QoQ from Rs 33 crore and a substantial increase of 69.5% YoY from Rs 24 crore in Q4FY25. PAT Margin for the quarter was 8.4%, an improvement of 135 bps compared to 7.0% in Q4FY25. FY26 Financial Highlights: Revenue from Operations for the full year FY26 reached Rs 1,603 crore, up 46.0% YoY from Rs 1,098 crore in FY25. EBITDA for FY26 stood at Rs 173 crore, showing a growth of 50.9% YoY from Rs 115 crore in the previous year. Profit Before Tax (PBT) for FY26 was Rs 154 crore, representing a 77.2% YoY increase from Rs 87 crore in FY25. Profit After Tax (PAT) for FY26 was Rs 113 crore, an increase of 78.0% YoY compared to Rs 63 crore in FY25. PAT Margin for the full year reached 6.9%, an improvement of 123 bps from 5.7% in FY25. Business Highlights Order Book: The company’s total order book reached Rs 2,196 crore as of March 31, 2026, representing a growth of 24.7% YoY from Rs 1,761 crore in March 2025. Box-build Revenue: Contribution from Box-build solutions stood at 54% of the total revenue in FY26. Geographic Performance: US businesses grew by 59% YoY and India businesses grew by 29% YoY during FY26. The US market contributed 62% to the total revenue, while the Indian market accounted for 38%. Asset Quality and Efficiency: Net Working Capital days improved to 112 days in March 2026 from 124 days in March 2025. The company reported an asset turn of 9.9 under its capex-light model. Return on Capital: Return on Capital Employed (ROCE) stood at 20.6% for FY26, compared to 15.7% in FY25. Global Footprint: The company operates 15 manufacturing units across the US and India with over 575,000 sq. ft. of design and manufacturing facilities. Segment-wise Performance (Revenue by Vertical): Industrials: Contributed 34% of revenue in FY26 (up from 30% in FY25). Mobility / Transportation: Contributed 28% of revenue in FY26 (up from 27% in FY25). Clean Energy: Contributed 20% of revenue in FY26 (consistent with 20% in FY25). Medical & Others: Contributed 10% of revenue in FY26 (down from 15% in FY25). Communication: Contributed 8% of revenue in FY26 (consistent with 8% in FY25). Result PDF