Avalon Technologies Limited has announced impressive financial results for the quarter and year ended March 31, 2026. The company achieved a revenue of INR 1,603 crore for FY26, representing a 46% year-on-year increase. With a focus on high-mix products and integrated manufacturing, Avalon continues to expand its global footprint while improving operational efficiencies, as evidenced by a 78% surge in annual Profit After Tax (PAT) to INR 113 crore.
Financial Performance Highlights
For the fiscal year ended March 31, 2026, Avalon Technologies delivered robust growth across all key metrics. Annual revenue climbed to INR 1,603 crore, a notable 46% increase compared to the previous fiscal year. Profitability also saw significant gains, with the annual Profit After Tax (PAT) reaching INR 113 crore, a 78% rise from the INR 63 crore reported in FY25. The company’s EBITDA for the year stood at INR 173 crore, reflecting a 50.9% year-on-year growth.
Quarterly Momentum
The final quarter, Q4 FY26, marked the seventh consecutive quarter of sequential performance improvement. Revenue for the quarter hit INR 480 crore, up 40% compared to the same quarter last year. Profit After Tax for Q4 grew by 69.5% to reach INR 41 crore, underscoring the company’s ability to scale operations effectively while maintaining strong margins.
Strategic Business Growth
Avalon’s order book reached a substantial INR 2,196 crore as of March 31, 2026, marking a 25% year-on-year increase. The company continues to leverage its “One Stop Shop” model, which integrates services from design and manufacturing to final box build. Notably, box-build solutions contributed 54% of the total revenue in FY26. Furthermore, the company successfully optimized its working capital, reducing cycle time from 124 days in March 2025 to 112 days by March 2026.
Global Expansion and Outlook
Avalon’s hybrid delivery model, which emphasizes localized manufacturing in India and the US, remains a core driver of its success. Currently, 62% of revenue is derived from US-based customers, while 38% comes from the Indian market. Supported by industry tailwinds like increased electronification and supply chain diversification, the company is well-positioned to capitalize on the growing ESDM (Electronic System Design and Manufacturing) market, which is projected to achieve a 27% CAGR through 2030.
Source: BSE
