Avantel shares jump 10% after Q1 profit surges 67% YoY, revenue climbs 36%

Shares of Avantel jumped as much as 9.76% to hit an intraday high of Rs 197.77 during Monday’s trading session after the company delivered a strong performance for the June 2026 quarter, reporting 36% year-on-year (YoY) revenue growth and a 67% YoY spike in net profit.

According to the company’s regulatory filing, Avantel reported a strong performance in Q1 FY26, with consolidated revenue rising to Rs 70.42 crore from Rs 51 crore in the corresponding period last year, reflecting significant business growth. Net profit also jumped to Rs 5.39 crore from Rs 3.3 crore, highlighting improved operational efficiency and strong financial momentum.

On a sequential basis, the company continued to show steady growth, with revenue rising 10% quarter-on-quarter (QoQ) from Rs 63.83 crore in the March 2026 quarter. Net profit also increased 13% QoQ from Rs 4.77 crore.

The company’s core Communications and Signal Processing Products segment remained the primary growth engine during the quarter. Revenue from the segment increased to Rs 70.24 crore in June 2026, compared with Rs 51.88 crore in the same period last year, registering strong YoY growth.

The segment contributed the majority of Avantel’s consolidated revenue and also improved sequentially from Rs 64.15 crore recorded in the March 2026 quarter, highlighting sustained demand across its key product portfolio.

Meanwhile, the Healthcare segment reported revenue of Rs 30 lakh during the quarter, compared with Rs 8 lakh in June 2025 and Rs 78 lakh in March 2026. While the segment remains smaller in overall contribution, it showed improvement compared with the year-ago period.

Stock Performance and Technical View

Avantel currently commands a market capitalisation of around Rs 4,788 crore. The stock’s 52-week high stands at Rs 215, and the current price remains close to its yearly peak, reflecting continued investor interest following the latest quarterly performance.

From a technical perspective, the stock’s 14-day Relative Strength Index (RSI) stands at 57.4, indicating balanced momentum. An RSI below 30 generally signals oversold conditions, while levels above 70 indicate overbought territory.

The stock is trading above all eight key Simple Moving Averages (SMAs), suggesting a positive technical trend.

Also read: Just Dial shares rocket 14% as profit rises to Rs 166 crore; revenue grows 10% YoY

Shareholding Pattern

Foreign Institutional Investors (FIIs) increased their stake in Avantel during the June 2026 quarter, raising holdings from 0.55% to 1.54%. The promoter holding remained unchanged at 37.04% during the quarter, indicating continued promoter confidence in the company’s long-term growth prospects.

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