Revenue grew 140.11% to Rs 174.8 million in September 2024 compared to Rs 7.28 billion in the same period last year. Revenue grew by 36.83% to Rs 2,750.2 billion, indicating strong financial growth and performance.
Price movement of the stock:
Avalon Technologies Ltd’s stock has shown notable price movement with its last closing price at ₹695. While it demonstrated significant long-term growth over the past year and consistent performance over six months, short-term volatility was observed recently, reflecting typical market fluctuations affecting stock stability.
Main intent:
For the quarter of 2024, Avalon Technologies reported a net profit of Rs 17.48 crore, up 140.11% from Rs 7.28 crore in the same quarter of 2023. Additionally, revenue grew by 36.83%, from 200, 99 crores Rs.275 crores.
While profit before depreciation and tax (PBDT) grew by 115% to Rs 30.31 crore, operating profit margin (OPM) increased from 6.27% to 10.96%. A strong financial performance for the quarter saw a 173% increase in profit before tax (PBT) to Rs 23.44 crore.
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Shareholding pattern:
Promoters held 50.7% of the shares in September 2024, down slightly from 50.87% in June 2024 and 50.91% in March 2024. Foreign Institutional Investors (FIIs) held 2.97% of the shares in September 2024, which is up from 2.56% in June 2024 and 2.43% in March 2024. In September 2024 Domestic Institutional Investors (DIIs) held 23.75%, up from 23.19% in June 2024 and 22.47% in March 2024. Retail held 22.59% in September 2023 and further declined in 20238. June 2024 and 24.19% in March 2024.
Stock performance:
Stock performance over various periods shows a mixed trend: a return of 17.4% over 1 year indicates strong long-term growth, while 16.2% over 6 months highlights consistent mid-term gains. However, a 1-week return of -0.81% reflects short-term market volatility.
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About the company:
Avalon Technologies is an outstanding player within the electronics manufacturing offerings (EMS) industry, offering comprehensive, quit-to-stop solutions. Specialising in layout and manufacturing, it caters to a huge variety of sectors, which include industrial, mobility, power, and conversation. The agency is thought of for its advanced meeting methods and top notch production abilities.
Avalon Technologies was founded with the intention of offering modern-day generation offerings, and it has grown considerably both nationally and globally. It is dedicated to supplying custom designed answers and upholding strict fine requirements. The corporation’s skillability in cable assembly, device integration, and printed circuit board assemblies (PCBAs) strengthens its standing as a reliable EMS provider.
