Avalon Technologies Limited announced its unaudited standalone and consolidated financial results for Q2 FY27 and H1 FY27, approved by the Board on November 12, 2026.

Financial Performance - Q2 FY27 (YoY Comparison)

  • Revenue from Operations: ₹525.4 crore (vs ₹382.5 crore in Q2 FY26) - 37.4% growth
  • Total Income: ₹528.2 crore (vs ₹390.4 crore in Q2 FY26) - 35.3% growth
  • EBITDA: ₹66.0 crore (vs ₹38.6 crore in Q2 FY26) - 71.0% growth
  • EBITDA Margin: 12.6% (vs 10.1% in Q2 FY26) - 247 bps improvement
  • PAT: ₹39.8 crore (vs ₹25.0 crore in Q2 FY26) - 59.5% growth
  • PAT Margin: 7.5% (vs 6.4% in Q2 FY26) - 114 bps improvement
  • Gross Margin: 34.1%

Financial Performance - Q2 FY27 (QoQ Comparison)

  • Revenue from Operations: ₹525.4 crore (vs ₹484.4 crore in Q1 FY27) - 8.5% growth
  • Total Income: ₹528.2 crore (vs ₹487.2 crore in Q1 FY27) - 8.4% growth
  • EBITDA: ₹66.0 crore (vs ₹58.0 crore in Q1 FY27) - 13.9% growth
  • EBITDA Margin: 12.6% (vs 12.0% in Q1 FY27) - 60 bps improvement
  • PAT: ₹39.8 crore (vs ₹34.9 crore in Q1 FY27) - 14.2% growth
  • PAT Margin: 7.5% (vs 7.2% in Q1 FY27) - 39 bps improvement

H1 FY27 Performance (YoY Comparison)

  • Revenue from Operations: ₹1009.8 crore (vs ₹705.8 crore in H1 FY26) - 43.1% growth
  • Total Income: ₹1015.4 crore (vs ₹715.3 crore in H1 FY26) - 41.9% growth
  • EBITDA: ₹124.0 crore (vs ₹68.5 crore in H1 FY26) - 81.0% growth
  • EBITDA Margin: 12.3% (vs 9.7% in H1 FY26) - 257 bps improvement
  • PAT: ₹74.7 crore (vs ₹39.2 crore in H1 FY26) - 90.6% growth
  • PAT Margin: 7.4% (vs 5.5% in H1 FY26) - 188 bps improvement

Operational Highlights

  • Signed MOU with Government of Tamil Nadu for 25 acres of land to drive growth in advanced electronics manufacturing
  • Formed strategic Joint Venture with Zollner Elektronik AG for advanced Electronics Manufacturing in India
  • India manufacturing delivered 17.1% EBITDA margin and 11.4% PAT margin in Q2 FY27
  • Ninth consecutive quarter of sequential improvement in performance
  • Net Working Capital days improved from 131 days in September 2025 to 120 days in September 2026

Corporate Action

  • Board approved preferential issue of warrants worth ₹425 crore to Zollner Elektronik AG, subject to shareholders' approval at EGM

Company Description

Avalon Technologies Limited is a fully integrated Electronic Manufacturing Services (EMS) company with end-to-end operations in delivering box build solutions in India, focusing on high value precision engineered products. The company has manufacturing facilities in the US and serves industries including clean energy, transportation, industrials, communication and medical devices.

Safe Harbour Statement

The document contains forward-looking statements subject to risks and uncertainties including performance of Indian and international economies, industry performance, competition, implementation of strategy, growth and expansion levels, technological changes, and market risks. The company excludes any liability for the contents or omissions from this presentation.