India's Avalon Technologies gains after reporting quarterly profit

Avalon Technologies

06/08/2025 06:02

** Shares of Avalon Technologies AVAL.NS rise 3.2% to 883 rupees

** Electronics manufacturer posts a consol net profit of 142.1 million rupees ($1.62 million) in June-qtr, compared to a loss of 23 million rupees a year ago

** J.P.Morgan says Q1 results a sharp beat on revenue and margins

** Adds 62% Y/Y revenue growth, 20% above consensus; EBITDA margin expands 700bps Y/Y to 9.2%, beating estimates by 60bps

** More than 1.1 mln shares change hands, 4.6x of 30-day avg

** AVAL rated "hold" by 14 analysts on average; median target price is 927 rupees – data compiled by LSEG

** Stock down 11% YTD

($1 = 87.7000 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))