Avantel reports a sharp increase in profit for the first quarter, with net profit rising 67% year-on-year. The company’s revenue from operations increases by 35.7% to ₹70.4 crore, compared with ₹51.9 crore in the year-ago quarter. Sources attribute the performance to steady execution across Avantel’s business segments, including defence communications and wireless solutions. Alongside the revenue growth, margins improve: the company reports an expansion of 360 basis points, indicating stronger profitability relative to sales during the quarter. The disclosed figures cover both the income statement change year-on-year and the margin improvement, suggesting that higher operating revenue is translating into better bottom-line results. Overall, the company’s quarter-to-quarter and year-on-year performance is presented as driven by continued progress in its defence communications and wireless offerings, with improved margins contributing to the profit growth.
Avantel Q1 profit rises 67% as revenue grows and margins improve
Avantel reports a sharp increase in profit for the first quarter, with net profit rising 67% year-on-year. The company’s revenue from operations increases by 35.7% to ₹70.4 crore, compared with ₹51.9...
- Avantel’s Q1 profit increases 67% year-on-year.
- Revenue from operations rises 35.7% to ₹70.4 crore from ₹51.9 crore.
- The company reports margin expansion of 360 basis points.
- Performance is linked to steady execution across defence communications and wireless solutions.
Revenue from operations increased 35.7% year-on-year to Rs 70.4 crore, up from Rs 51.9 crore a year earlier, reflecting steady execution across its defence communication and wireless solutions...
23 hours agoRevenue from operations increased 35.7% year-on-year to Rs 70.4 crore, up from Rs 51.9 crore a year earlier, reflecting steady execution across its defence communication and wireless solutions business.
23 hours ago
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