Approval of Audited Financial Results (Standalone & Consolidated) for the Quarter and Year ended on 31st March 2026
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Avance Technologies reported strong FY26 results with consolidated revenue of Rs 7,925.60 Lakhs (up 10.4% from Rs 7,176.50 Lakhs) and net profit surging 150% to Rs 1,323.61 Lakhs from Rs 530.24 Lakhs. EPS grew 133% to Rs 0.067. Q4 FY26 showed a turnaround with net profit of Rs 1,037.26 Lakhs versus a loss of Rs 36.23 Lakhs in Q4 FY25. Standalone revenue grew 74.5% to Rs 10,108.23 Lakhs with net profit of Rs 1,259.04 Lakhs. The auditor issued an unmodified (clean) opinion. The company has significant pending tax disputes including income tax demands of Rs 4,673.44 Lakhs and VAT disputes of Rs 85.16 Crores across multiple years.
Strong profit growth and clean audit are positive signals, but negative operating cash flow of Rs 8,654.93 Lakhs and large tax disputes warrant caution despite the 150% net profit increase.