Rs 1,485 Crore Order Book and Upper Circuit & 52-Week High Alert: Electronic Manufacturing Services Company Reports Stellar Results; PAT Jumps 140.1 Per Cent in Q2FY25

The stock also made a new 52-week high of Rs 707.90 per share and it is up by 66 per cent from its 52-week low of Rs 426.25 per share.

On Thursday, shares of this electronic manufacturing services company hit a 20 per cent upper circuit to Rs 707.90 per share from its previous closing of Rs 589.95 per share. The stock also made a new 52-week high of Rs 707.90 per share and it is up by 66 per cent from its 52-week low of Rs 426.25 per share. The shares of the company saw a spurt in volume by more than 7.33 times on BSE.

The company name is AVALON TECHNOLOGIES LIMITED.

Avalon Technologies Limited is one of India’s leading fully integrated Electronic Manufacturing Services (EMS) companies with end-to-end operations in delivering box build solutions in India, with a focus on high value precision engineered products. Through a unique global delivery model, Avalon provides a full stack product and solution suite, right from printed circuit board design and assembly to end-to-end box build of electronic systems. Avalon is the only Indian EMS player to have full-fledged manufacturing facilities in the US, facilitating their unique global delivery model. Avalon creates value for customers in a multitude of industries including clean energy, transportation, industrials, communication and medical devices.

According to Quarterly Results, revenue from operations increased by 36.8 per cent to Rs 275 crore, EBITDA increased by 139.6 per cent to Rs 30.1 crore and PAT increased by 140.1 per cent to Rs 17.5 crore in Q2FY25 over Q2FY24. In its half-yearly results, revenue from operations increased by 8.8 per cent to Rs 474.5 crore, EBITDA increased by 20 per cent to Rs 34.5 crore and PAT increased by 5.7 per cent to Rs 15.2 crore in H1FY25 over H1FY24.

The company has a market cap of Rs 4,675.4 crore and as of September 30, 2024, its order book stands at Rs 1,485 crore (increased by 19.4 per cent YoY). As of September 2024, the promoters of the company own 50.69 per cent, FIIs own 2.97 per cent, DIIs own 23.75 per cent and public owns 22.59 per cent stake. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.