Avalon Technologies Ltd Q2 FY26 Results

Summary

Avalon Technologies, a leading player in the Electronics Manufacturing Services (EMS) industry, announced its financial results for the second quarter ending September 30, 2025. The company's revenue grew by 39.1% on a Year-over-Year (YoY) basis and 18.3% on a Quarter-over-Quarter (QoQ) basis. The gross margin stands at 34.3%, with EBITDA margin at 10.1%. Revenues from both India and US businesses grew 31% & 44% YoY in Q2 FY26. The order book increased by 25.4% YoY.

Key Highlights

1. 1

   Revenue from Operations: 382.5 INR Cr (Q2 FY26), 275.0 INR Cr (Q2 FY25), 323.3 INR Cr (H1 FY26), 197.7 INR Cr (H1 FY25)

2. 2

   Total Income: 390.4 INR Cr (Q2 FY26), 278.9 INR Cr (Q2 FY25), 325.0 INR Cr (H1 FY26), 211.4 INR Cr (H1 FY25)

3. 3

   EBITDA: 38.6 INR Cr (Q2 FY26), 30.1 INR Cr (Q2 FY25), 68.5 INR Cr (H1 FY26), 16.2 INR Cr (H1 FY25)

4. 4

   EBITDA Margin: 10.1% (Q2 FY26), 11.0% (Q2 FY25), 9.7% (H1 FY26), 7.3% (H1 FY25)

5. 5

   PAT Margin: 6.4% (Q2 FY26), 6.3% (Q2 FY25), 5.5% (H1 FY26), 3.1% (H1 FY25)

6. 6

   Order book increased by 25.4% YoY

7. 7

   India manufacturing representing 81% of revenue, delivered 14.1% EBITDA and 10.9% PAT in Q2 FY26

8. 8

   Progressing steadily in semiconductor equipment manufacturing space partnering with a global major

9. 9

   Won supplier of the year award by a leading railway OEM for driving significant cost reduction initiatives

10. 10

    AS9100D (Aerospace quality certification for PCBA and chemical processing) secured during Q2 FY26