Avantel releases Consolidated Quarterly Results for March 31, 2023.
Avantel Quarterly Results (Q4 FY2023) – Quarter-over-Quarter Comparison:
Total income of the company is Rs.52.62 Crores (March 31, 2023) vs. Rs.38.99 Crores (December 31, 2022)
Net profit/loss: Rs.9.6908 Crores (March 31, 2023) vs. Rs.6.6872 Crores (December 31, 2022)
EPS: Rs.5.98 (March 31, 2023) vs. Rs.4.12 (December 31, 2022)
| Financials | Q4 FY2023 | Q3 FY2023 | % Change |
| Total Income | ₹ 52.62 Cr | ₹ 38.99 Cr | ⬆ 34.96% |
| Net Profit | ₹ 9.6908 Cr | ₹ 6.6872 Cr | ⬆ 44.92% |
| EPS | ₹ 5.98 | ₹ 4.12 | ⬇ 45.15% |
Avantel Quarterly Results (Q4 FY2023) – Year-over-Year Comparison:
Total income of the company is Rs.52.62 Crores (March 31, 2023) vs. Rs.47.23 Crores (March 31, 2022)
Net profit/loss: Rs.9.69 Crores (March 31, 2023) vs. Rs.6.08 Crores (March 31, 2022)
EPS: Rs.5.98 (March 31, 2023) vs. Rs.3.75 (March 31, 2022)
| Financials | Q3 FY2023 | Q3 FY2022 | % Change |
| Total Income | ₹ 52.62 Cr | ₹ 47.23 Cr | ⬆ 11.40% |
| Net Profit | ₹ 9.69 Cr | ₹ 6.08 Cr | ⬆ 59.50% |
| EPS | ₹ 5.98 | ₹ 3.75 | ⬆ 59.47% |
Avantel Quarterly Results (Year Ended FY2023) – Year-over-Year Comparison:
Total income of the company is Rs.154.93 Crores (March 31, 2023) vs. Rs.106.32 Crores (March 31, 2022)
Net profit/loss: Rs.26.84 Crores (March 31, 2023) vs. Rs.17.98 Crores (March 31, 2022)
EPS: Rs.16.55 (March 31, 2023) vs. Rs.11.08 (March 31, 2022)
| Financials | 12 Months Ended FY2023 | 12 Months Ended FY2022 | % Change |
| Total Income | ₹ 154.93 Cr | ₹ 106.32 Cr | ⬆ 45.71% |
| Net Profit | ₹ 26.84 Cr | ₹ 17.98 Cr | ⬆ 49.29% |
| EPS | ₹ 16.55 | ₹ 11.08 | ⬆ 49.37% |
About Avantel:
Avantel Ltd primary focus is on designing, developing, and maintaining wireless and satellite communication products, defense electronics, radar systems, as well as network management software applications. The company mainly caters to customers in the aerospace and defense sectors.
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