Hot Pursuit     04-Feb-25
Avantel edges higher after bagging 5-year service contract from ISRO
Avantel added 3.07% to Rs 131.05 after the company said that it has received a purchase order worth of Rs 5.81 crore from Satish Dhawan Space Centre – SHAR, ISRO.

The project is a comprehensive annual maintenance contract (CAMC) for wind profiler radar which has to be executed till January 2030.

Avantel specializes in providing strategic solutions to the Indian Defence Services and related establishments. It has developed and manufactured various radio components and unique products such as satellite communications, HF communications, electronic warfare, and radar systems. Currently, Avantel is working on expanding its portfolio by developing SCA-compliant software-defined radios, high-power HF systems, air defence radars, and small satellites.

The company had reported 23% increase in consolidated net profit to Rs 20.08 crore in Q3 FY25 as compared with Rs 16.32 crore posted in Q3 FY24. Revenue from operations rose 19.1% YoY to Rs 70.68 crore in the quarter ended 31 December 2024.

Previous News
  Avantel
 ( Results - Analysis 20-Jan-24   23:15 )
  Nifty holds 25,000 level; IT shares advance
 ( Market Commentary - Mid-Session 07-Oct-24   10:35 )
  Avantel consolidated net profit rises 42.50% in the September 2024 quarter
 ( Results - Announcements 05-Oct-24   13:52 )
  Avantel fixes record date for final dividend
 ( Market Beat - Reports 25-Apr-24   19:09 )
  Avantel consolidated net profit rises 26.17% in the March 2024 quarter
 ( Results - Announcements 25-Apr-24   14:56 )
  Avantel standalone net profit rises 111.72% in the June 2021 quarter
 ( Results - Announcements 16-Jul-21   07:55 )
  Avantel consolidated net profit rises 6.67% in the March 2022 quarter
 ( Results - Announcements 06-May-22   16:57 )
  Avantel wins order of Rs 2.29 cr from Bharat Electronics
 ( Corporate News - 06-May-24   17:37 )
  Avantel bags order from Lockheed Martin Corporation
 ( Corporate News - 21-Mar-22   12:07 )
  Avantel fixes record date for final dividend
 ( Market Beat - Reports 06-May-22   15:36 )
  Avantel hits record high on bagging order worth Rs 13 cr
 ( Hot Pursuit - 24-Aug-23   11:23 )
Other Stories
  HDFC Life Q4 PAT climbs 16% YoY to Rs 476 cr
  17-Apr-25   17:32
  Infosys Q4 PAT rises 3% QoQ to Rs 7,038 cr; declares dividend of Rs 22/sh
  17-Apr-25   17:25
  HDFC AMC rises after Q4 PAT jumps 18% YoY to Rs 639 cr; declares final dividend of Rs 90/sh
  17-Apr-25   17:11
  Sonata Software drops amid lower Q4 revenue guidance
  17-Apr-25   15:54
  Home First Finance gains after raising Rs 1,250 crore
  17-Apr-25   15:07
  Sonata Software Ltd leads losers in 'A' group
  17-Apr-25   15:00
  Lupin gets EIR from USFDA for Nagpur facility
  17-Apr-25   15:00
  AGI Infra's housing project in Punjab gets RERA registration
  17-Apr-25   15:00
  Alkem Labs' subsidiary concludes acquisition of 100% stake in Bombay Ortho
  17-Apr-25   14:49
  Vikram Aroma Ltd leads losers in 'B' group
  17-Apr-25   14:45
Back Top