Please find the enclosed Press Release for the Quarter and Year Ended March 31, 2026.
AVALON · price
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Avalon Technologies reported strong Q4 FY26 results with revenue of INR 479.9 Cr, up 40% YoY and 14.9% QoQ. Full year FY26 revenue reached INR 1,603.2 Cr, marking 46% growth YoY. PAT surged 69.5% YoY in Q4 to INR 41.2 Cr, while FY26 PAT of INR 112.9 Cr grew 78% YoY. EBITDA margin for Q4 stood at 11.8%, slightly down 21 bps YoY, though FY26 EBITDA margin improved 35 bps to 10.8%. The company achieved its seventh consecutive quarter of sequential performance improvement. India and US businesses grew 29% and 59% YoY respectively in FY26, while net working capital days improved from 124 to 112 days. Order book grew 25% YoY providing revenue visibility.
Strong revenue and PAT growth signals solid execution, but marginal EBITDA margin pressure in Q4 may concern margin-focused investors. The growing order book and improving working capital efficiency are positives for future cash generation.