Avalon Technologies (AVALON IN) Q4FY26 Result Update Strong Order Pipeline Supports Long-Term Visibility Downgrade to HOLD'
Q4FY26 financial performance: Revenues grew by 40.0% YoY at Rs 4.8bn (PLe: Rs ~76%/35%/60%/9% YoY, whereas Communication segment declined by ~1% in Q4FY26. Gross margins contracted by ~140 bps to 33.7% (PLe: 35.0%). EBITDA grew by 37.5% YoY to Rs 569mn (PLe: Rs 478mn). EBITDA margins remained flat at 11.8% (PLe: 11.5%). PBT stood at Rs 563mn (PLe: Rs 432mn). PAT stood at Rs 412mn (PLe: Rs 323mn). India:...