Synopsis:
Avantel Limited secured a Rs. 19.33 crore order from Larsen & Toubro for Satcom services, scheduled for completion by July 2026.
During Monday’s trading session, shares of a company involved in the designing, developing and maintaining wireless and satellite communication products, defence electronics, and radar systems surged nearly 6 percent to hit a record high on BSE, after the company announced securing a purchase order from Larsen & Toubro Limited.
At 01:32 p.m., the shares of Avantel Limited were trading in the green at Rs. 191.55 on BSE, up by around 4 percent, as against its previous closing price of Rs. 183.8, with a market cap of Rs. 5,075 crores. So far in 2025, the stock has delivered positive returns of around 26 percent, and has gained by over 28 percent in the last one month.
What’s the News
According to the latest exchange filings, Avantel Limited has received a purchase order worth Rs. 19.33 crores from Larsen & Toubro Limited. The order involves providing services of satcom products and is expected to be executed by July 2026.
Previously, on 18th September, the company had secured a purchase order valued at Rs. 12.5 crores from Bharat Electronics Limited (BEL) for the supply of Satcom Products, with execution expected by March 2026.
Financials & More
Avantel reported a marginal growth in revenue from operations, experiencing a year-on-year rise of nearly 0.5 percent, from Rs. 51.76 crores in Q1 FY25 to Rs. 52 crores in Q1 FY26. In contrast, the company’s net profit decreased during the same period from Rs. 7.4 crores to Rs. 3.2 crores, representing a decline of nearly 57 percent YoY.
Avantel Limited is a company engaged in the business of manufacturing wireless front-end, satellite communication, embedded systems, signal processing, network management and software development and rendering related customer support services, and having an in-house R&D facility at Visakhapatnam, Andhra Pradesh.
The company is currently focused on two primary segments. The first, Communications and Signal Processing Products, encompasses the manufacturing of wireless front-end equipment, satellite communication systems, embedded systems, signal processing solutions, network management, and software development, along with providing related customer support services. This segment also benefits from the company’s in-house R&D facility.
The second segment, Health Care Services, includes segment-wise revenue, results, assets, and liabilities directly attributable to the respective services. Expenses not directly allocable to a segment, such as those for common corporate-level services, are recorded as unallocable expenditure.
Written by Shivani Singh
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