Pursuant to provisions of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the meeting of Board of Directors of the company was held today i.e., ....
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Avance Technologies reported its Q2 and H1 FY26 results on 12 November 2025 with a clean limited review from auditor Rishi Sekhri & Associates. On a standalone basis, revenue from operations for Q2 FY26 rose about 24% year-on-year to ₹2,516.38 lakhs and H1 FY26 revenue more than doubled to ₹5,037.19 lakhs versus ₹2,455.13 lakhs in H1 FY25, though standalone profit before tax fell to ₹88.07 lakhs (Q2) and ₹142.20 lakhs (H1) from ₹194.19 lakhs and ₹234.21 lakhs a year ago. On a consolidated basis, the picture is weaker: revenue from operations declined roughly 6% in Q2 to ₹4,139.94 lakhs and about 13.5% in H1 to ₹7,881.84 lakhs, while the company swung to a loss of ₹77.07 lakhs in Q2 from a profit of ₹272.78 lakhs last year, and H1 consolidated profit before tax shrank to ₹84.99 lakhs from ₹492.24 lakhs. Cash flow from operations was sharply negative at about -₹6,653 lakhs standalone and -₹11,102 lakhs consolidated, and consolidated long-term borrowings doubled to ₹11,674.18 lakhs from ₹5,578.13 lakhs as of March 2025.
Standalone numbers look healthy on the top line, but the consolidated business is showing clear stress — falling revenues, a quarterly loss, collapsing margins and large operating cash burn funded by fresh borrowings, which is a negative signal for shareholders despite the clean auditor review.