Q1 FY27 Results: Consolidated revenue up 62% YoY, PAT up 52%
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Avance Technologies declared Q1 FY27 unaudited results ended 30 June 2026. Standalone revenue fell 29 percent YoY to Rs 1,788.70 lakh and PAT dropped to Rs 27.96 lakh from Rs 54.13 lakh. On consolidated basis, revenue surged 62 percent YoY to Rs 6,064.73 lakh and PAT rose 52 percent to Rs 246.59 lakh, driven by subsidiaries Avance Ventures, Verticore Technologies and Avance Platforms. Auditors issued an unqualified limited review report with no qualifications or emphasis of matter.
Mixed results - standalone weak but strong consolidated growth from subsidiaries may lift sentiment. Watch for sustainability of subsidiary momentum.