Avalon Technologies Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹382Cr
- +38.9% YoY
- Net profit
- ₹25Cr
- +47.1% YoY
- Margin
- 10%
- −1 pp YoY
Guidance rank: #28 of 58 in Electrical Equipment
See the sector's top 10 — free with your mobile number.
The short version
FY26 started strong with robust revenue growth and positive customer traction across key markets. FY '26 has started strong with robust revenue growth and solid execution, reflecting confidence in continued growth.
From Avalon Technologies Ltd's Q2 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- FY26 started strong with robust revenue growth and positive customer traction across key markets.
- The company has upwardly revised its full-year revenue growth guidance to 28%–30% from the earlier 23%–25%.
- Avalon aims to double revenue from FY24 to FY27, maintaining a conservative but confident outlook on growth.
- Potential for even earlier revenue doubling is acknowledged but internal targets remain conservative.
- New large projects, especially in railways, power, industrial, mobility, and clean energy sectors, are expected to drive growth.
- Order book stands healthy at INR 1,863 crore for the near term and INR 3,000+ crore including longer-term contracts.
- Expansion into semiconductor equipment and increased customer engagements suggest growth in advanced segments.
2 more points from Avalon Technologies Ltd's call on revenue
Create a free account to keep reading this call
Profitability & Margins
See what Avalon Technologies Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Avalon Technologies has a capex-lite model with strong asset turns at 8.7x and return on capital employed at 18.4% (Page 6).
- Investments focused on ramping up new programs, including semiconductor equipment manufacturing and energy storage systems (Pages 6, 14).
- Export-focused Chennai plant has commenced production and is ramping up steadily (Page 4).
- Progressing well to complete Phase 2 of brownfield expansion in Chennai by end of Q3 FY26 to meet rising domestic demand (Page 4).
2 more points from Avalon Technologies Ltd's call on capex
Create a free account to keep reading this call
Top-ranked in Electrical Equipment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Avalon Technologies Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current physical order book for the next 14 months stands at INR 1,863 crore, reflecting a 25.4% YoY increase (Page 3).
- Additional long-term contracts with execution timelines from 15 to 36 months total INR 1,168 crore (Page 3).
- Overall orders including beyond 3 years exceed INR 3,000 crore, with some contracts extending up to 15 years (Page 12).
- Order inflow reflects a mix of long-term rolling contracts, which may show smaller order book numbers against larger revenue recognition due to contractual terms (Page 16).
- Quarterly physical order inflow run rate is approximately INR 450-460 crore compared to INR 400 crore a year ago (Page 16).
2 more points from Avalon Technologies Ltd's call on order book
Create a free account to keep reading this call
Avalon Technologies Ltd — Quarterly revenue & net profit
Avalon Technologies Ltd Q2 FY26 results — key figures
| ₹ Cr | Q2 FY26 | Q2 FY25 | YoY | Q1 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 382 | 275 | +38.9% | 323 | +18.3% |
| Operating profit (EBITDA) | 39 | 30 | +30% | 30 | +30% |
| Operating margin | 10% | 11% | -1 pp | 9% | +1 pp |
| Profit before tax | 34 | 23 | +47.8% | 19 | +78.9% |
| Net profit (PAT) | 25 | 17 | +47.1% | 14 | +78.6% |
| EPS (₹) | 3.74 | 2.65 | +41.1% | 2.14 | +74.8% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹484 Cr, net profit ₹35 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Avalon Tech's management said in earlier quarters
Others in Electrical Equipment this season
- Inox Wind (Q2 FY26)
200 crore. Key concall takeaways from Inox Wind Ltd's Q2 FY26 earnings call — and how it ranks against sector peers.
- Prostarm Info (Q2 FY26)
Q2-FY26 Revenue from Operations: INR 659 Mn, down 33.1% YoY (Q2-FY25: INR 985 Mn) . Key investor presentation takeaways from Prostarm Info Systems Ltd's Q2 FY26
- Power & Instrumentation (Gujarat) (Q2 FY26)
Net Sales: ₹70.27 Cr (up from ₹54.93 Cr in Q2 FY25) — approx. Key investor presentation takeaways from Power & Instrumentation (Gujarat) Ltd's Q2 FY26 investor
- Triveni Turbine (Q2 FY26)
The outstanding order book is at a record ₹22.2 billion, which is 24% higher year-over-year. Key concall takeaways from Triveni Turbine's Q2 FY26 earnings call…
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Arthneeti Pro · Annual
Avalon Technologies Ltd and 15K+ more earnings calls,
for less than your morning chai
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were Avalon Technologies Ltd Q2 FY26 results?
FY26 started strong with robust revenue growth and positive customer traction across key markets. FY '26 has started strong with robust revenue growth and solid execution, reflecting confidence in continued growth.
What is Avalon Technologies Ltd share price analysis?
Avalon Technologies Ltd currently shows a neutral. The stock trades at a P/E of 109.2 with a market cap of ₹14,590 Cr. Investors should review the full earnings analysis for detailed insights.
Is Avalon Technologies Ltd planning capital expenditure?
Avalon Technologies has a capex-lite model with strong asset turns at 8.7x and return on capital employed at 18.4% (Page 6).
Keep Avalon Technologies Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.