Quarterly Updates4 Feb 2026, 09:33 pm
Avalon Technologies Reports 48.7% YoY Revenue Growth in Q3 FY26
AI Summary
Avalon Technologies Limited, a leading player in the Electronics Manufacturing Services (EMS) industry, announced its financial results for the third quarter ending December 31, 2025. The company reported a 48.7% year-over-year (YoY) growth in revenue from operations, totaling INR 417.5 crore. The gross margin stood at 34.2%, with EBITDA margin at 11.5%. The India manufacturing operations delivered 14.8% EBITDA and 10.7% PAT in 9M FY26, and 16.7% EBITDA and 11.9% PAT in Q3 FY26. The net working capital days improved by 13 days from 131 days in Sep’25 to 118 days in Dec’25. The revenue from Industrial, Clean energy, Rail & Aero verticals in 9M FY26 exceeded FY25 revenue, indicating a well-diversified growth.
Key Highlights
- Revenue grew by 48.7% on YoY basis and 9.2% on QoQ.
- India manufacturing delivered 14.8% EBITDA & 10.7% PAT in 9M FY26; and 16.7% EBITDA & 11.9% PAT in Q3 FY26.
- US tariffs reduction from 50% to 18% structurally strengthens India’s positioning amongst global peers.
- Net Working Capital days improved by 13 days from 131 days in Sep’25 to 118 days in Dec’25.
- Revenue from Industrial, Clean energy, Rail & Aero verticals in 9M FY26 exceeded FY25 revenue.