Avance Technologies Swings to Profit in Q3 on Higher Revenue

BANKINGFINANCE
Whalesbook Corporate News Logo
AuthorKavya Nair|Published at:
Avance Technologies Swings to Profit in Q3 on Higher Revenue
Overview

Avance Technologies Ltd announced its Q3 FY25 results, turning a profit of ₹201.40 lakh compared to a ₹77.08 lakh loss last year. Consolidated revenue also increased.

Instant Stock Alerts on WhatsApp

Used by 10,000+ active investors

1

Add Stocks

Select the stocks you want to track in real time.

2

Get Alerts on WhatsApp

Receive instant updates directly to WhatsApp.

  • ✓Quarterly Results
  • ✓Concall Announcements
  • ✓New Orders & Big Deals
  • ✓Capex Announcements
  • ✓Bulk Deals
  • ✦And much more
Add StocksGet it on Google PlayDownload on the App Store

Avance Technologies Reports Strong Q3 Turnaround

Avance Technologies Limited revealed its unaudited financial results for the third quarter and nine months ended December 31, 2024, on February 13, 2026. The company reported a consolidated Profit After Tax (PAT) of ₹201.40 lakh for the quarter. This marks a substantial improvement from the ₹77.08 lakh loss recorded in the same period last year. Consolidated revenue from operations grew to ₹4950.24 lakh, up from ₹3238.26 lakh year-on-year.

Nine-Month Performance Details

For the first nine months of the fiscal year ending December 31, 2024, consolidated revenue reached ₹12832.08 lakh, a modest rise from ₹12345.35 lakh in the prior year. However, consolidated PAT for the nine-month period saw a decrease, falling to ₹286.38 lakh from ₹666.48 lakh in the previous year.

Standalone financial figures for the quarter show a PAT of ₹89.58 lakh on revenue from operations of ₹2550.39 lakh. The nine-month standalone PAT stood at ₹231.78 lakh.

Significance for Investors

The strong profit turnaround in the December quarter is a key positive for shareholders, demonstrating the company's ability to shift from a loss-making position. The increase in revenue also suggests expanding business operations.

Key Risks to Monitor

Investors are watching the status of the Limited Review Report (LLR) from the statutory auditor. Submission is pending due to the auditor's medical condition, which could create a period of uncertainty until the report is finalized and filed.

Performance Metrics

Consolidated Results (Quarter ended Dec 31, 2024):

  • Revenue: ₹4950.24 lakh (vs. ₹3238.26 lakh in Dec 2023 quarter)
  • Profit After Tax: ₹201.40 lakh (vs. ₹-77.08 lakh in Dec 2023 quarter)

Consolidated Results (Nine Months ended Dec 31, 2024):

  • Revenue: ₹12832.08 lakh (vs. ₹12345.35 lakh in prior year)
  • Profit After Tax: ₹286.38 lakh (vs. ₹666.48 lakh in prior year)

Next Steps

Focus will remain on the timely submission of the Limited Review Report and the company's ability to sustain its revenue growth and profitability trends in the upcoming financial periods.

Get stock alerts instantly on WhatsApp

Quarterly results, bulk deals, concall updates and major announcements delivered in real time.

Add Stocks
Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.