Pursuant to provision of Regulation 33 of SEBI (LODR) Reg, 2015, the meeting of Board of Directors of the Company was held today i.e Wednesday, 12th November, 2025 at the registered office ....
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Avance Technologies reported mixed results for Q2 FY26. On a standalone basis, revenue from operations rose to ₹2,516.38 lakhs in Q2 (up ~24% YoY from ₹2,032.12 lakhs) and ₹5,037.19 lakhs in H1 (up ~105% YoY from ₹2,455.13 lakhs). However, standalone profit before tax fell to ₹88.07 lakhs in Q2 from ₹194.19 lakhs a year ago. On a consolidated basis, revenue declined to ₹4,139.94 lakhs in Q2 (from ₹4,420.64 lakhs) and ₹7,881.84 lakhs in H1 (from ₹9,107.10 lakhs), and the company slipped into a consolidated loss of ₹77.07 lakhs in Q2 versus a profit of ₹272.78 lakhs last year. Profit margins compressed sharply on both bases. Operating cash flow was deeply negative at ₹(6,652.62) lakhs standalone and ₹(11,102.03) lakhs consolidated, funded in part by a sharp rise in long-term borrowings to ₹11,674.18 lakhs (from ₹5,578.13 lakhs at March 2025). Auditor Rishi Sekhri and Associates issued an unqualified limited review report.
The sharp swing to a consolidated quarterly loss, steep margin compression and deeply negative operating cash flow, combined with rising long-term debt, are negative signals for shareholders despite strong standalone revenue growth. The mixed picture may weigh on the stock in the near term.