Avantel Limited has been awarded a contract by the Coast Guard Headquarters for satellite communication (Satcom) solutions, encompassing supply, installation, and maintenance, with a completion date set for August 2027.
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Avantel Limited has secured a supplementary contract worth INR 1.92 crore from Bharat Electronics Ltd, bringing the total value of the order for power amplifiers to INR 12.96 crore. The domestic project, scheduled for completion by September 2026, is manufacturing-based.
Despite a downgrade to a Strong Sell rating, Avantel Ltd experienced a significant 10.06% increase, with shares climbing from 149.65 to 164.70 between May 4-8, 2026. This growth surpassed the Sensex's 1.25% gain during the same period, indicating a resilient market sentiment towards Avantel.
Avantel has received an extra ₹3.01 crore order from BEL for power amplifiers, bringing their total contract value to ₹11.04 crore. The delivery is expected to be completed by July 2026.
Avantel Ltd has received an additional Rs. 3.01 crore order from Bharat Electronics, adding to the original Rs. 8.03 crore contract for Power Amplifiers. The revised agreement extends its delivery timeline to July 2026.
Avantel's Q4 profits dropped by 21% compared to the same quarter last year, reporting a profit after tax of INR 5 crores. This indicates a decline in earnings for the company during this period.
Avantel Limited's Q4 capital expenditure jumped significantly to ₹21 crore, primarily due to the near-completion of its Kondaparva facility, resulting in total spending of ₹52.3 crore for FY26. Despite a robust 29.6% year-over-year revenue growth, net profit dropped dramatically to ₹15 crore in the same period, leading to a 2.6% decline in share price on April 27, 2026.
Avantel Limited has announced a final dividend of INR 0.20 per share for the fiscal year 2026, as approved by their board during their latest meeting. The board also agreed to increase borrowing limits, appoint new directors, and choose auditors for future financial years.
CARE Ratings has confirmed the ratings for Avantel's loan of INR 249.5 crores, including a fresh INR 25 crore assignment. The reasons behind the ratings remain undisclosed.
Avantel Limited has secured a Rs. 11.59 crore deal with NewSpace India Ltd for their Xponder devices, which involves delivery, setup, and activation by October 2026.
Avantel Limited secures a ₹137 crore IMD contract for wind profiler systems, sending shares soaring. The deal, to be completed by September 2027 with a three-year warranty and seven-year maintenance period, further bolsters their order book. This defense and space technology player's market cap of ₹3,282 crores now stands as a testament to its alignment with Atmanirbhar Bharat initiatives.