Avalon Technologies Limited — Quarter and year ended March 31, 2026
| S.No | Particulars | For the Quarter Ended 31 Mar’26 (Refer Note 7) | For the Quarter Ended 31 Dec’25 Unaudited | For the Quarter Ended 31 Mar’25 (Refer Note 7) | For the Year Ended 31 Mar’26 Audited | For the Year Ended 31 Mar’25 Audited |
|---|---|---|---|---|---|---|
| I | Revenue from Operations | 2,337.20 | 2,145.17 | 2,020.74 | 8,210.19 | 6,317.79 |
| II | Other Income | 149.70 | 115.50 | 54.33 | 439.39 | 269.65 |
| III | Total Income (I+II) | 2,486.90 | 2,260.67 | 2,075.07 | 8,649.58 | 6,587.44 |
| IV | Expenses: Cost of raw materials consumed | 1,573.22 | 1,698.49 | 1,462.20 | 6,158.27 | 4,832.64 |
| Purchases of Stock-in-Trade | – | – | – | – | – | |
| Changes in Inventories of finished goods, work-in-progress and stock in trade | 139.46 | (122.17) | 63.75 | (201.57) | 1.09 | |
| Employee benefit expenses | 252.30 | 226.85 | 179.36 | 910.47 | 636.64 | |
| Finance costs | 12.15 | 4.12 | 8.79 | 36.07 | 28.00 | |
| Depreciation and amortisation expenses | 27.58 | 25.22 | 18.37 | 100.05 | 64.11 | |
| Other expenses | 127.05 | 109.37 | 102.57 | 447.77 | 353.46 | |
| Total Expenses | 2,131.76 | 1,941.88 | 1,835.04 | 7,451.06 | 5,915.94 | |
| V | Profit before tax (III-IV) | 355.14 | 318.79 | 240.03 | 1,198.52 | 671.50 |
| VI | Tax Expense: (1) Current Tax | 88.80 | 78.97 | 48.14 | 303.15 | 160.31 |
| (2) Tax of earlier years | – | 1.76 | (0.16) | 1.76 | (0.16) | |
| (3) Deferred Tax | 4.34 | (0.27) | 7.38 | (0.13) | 5.65 | |
| Total Tax Expense | 93.14 | 80.46 | 55.36 | 304.78 | 165.80 | |
| VII | Profit for the period / year (V-VI) | 262.00 | 238.33 | 184.67 | 893.74 | 505.70 |
| VIII | Other Comprehensive Income: A. i) Items that will not be reclassified to profit or loss: a) Remeasurements of the defined benefit plans – Gratuity | 1.42 | (0.09) | 4.42 | 1.17 | (1.46) |
| ii) Income tax expense on remeasurement benefit/(loss) of defined benefit plans | (0.35) | 0.02 | (1.10) | (0.29) | 0.37 | |
| Total other comprehensive income/(loss) A (i+ii) | 1.07 | (0.07) | 3.32 | 0.88 | (1.09) | |
| IX | Total Comprehensive Income for the period / year (VII+VIII) | 263.07 | 238.26 | 187.99 | 894.62 | 504.61 |
| X | Paid up Equity share Capital (Nominal Value Rs. 2 each) | 133.53 | 133.52 | 132.31 | 133.53 | 132.31 |
| XI | Other Equity | – | – | – | 8,057.32 | 7,128.78 |
| XII | Earnings Per Equity Share (Nominal value per share ₹ 2/-): (a) Basic (In ₹ ) | 3.92 | 3.57 | 2.79 | 13.41 | 7.67 |
| (b) Diluted (In ₹ ) | 3.91 | 3.56 | 2.76 | 13.34 | 7.56 |
| S.No | Particulars | As at March 31, 2026 Audited | As at March 31, 2025 Audited |
|---|---|---|---|
| A. ASSETS | |||
| Non-Current Assets | |||
| (a) Property, plant and equipment | 973.32 | 863.00 | |
| (b) Capital Work in Progress | 217.64 | 69.16 | |
| (c) Right-of-Use assets | 40.66 | 47.34 | |
| (d) Intangible Assets | 17.38 | 4.36 | |
| (e) Intangible assets under development | – | – | |
| (f) Financial Assets (i) Investments | 1,690.20 | 1,607.78 | |
| (f) Financial Assets (ii) Other Financial Assets | 1,019.84 | 816.28 | |
| (g) Tax assets (Net) | – | 13.80 | |
| (h) Other Non Current Assets | 13.86 | 15.40 | |
| Total Non-Current Assets | 3,972.90 | 3,437.12 | |
| Current Assets | |||
| (a) Inventories | 2,283.76 | 1,804.52 | |
| (b) Financial Assets (i) Investments | 596.68 | 331.71 | |
| (b) Financial Assets (ii) Trade Receivables | 2,873.33 | 2,777.46 | |
| (b) Financial Assets (iii) Cash and Cash Equivalents | 382.18 | 263.24 | |
| (b) Financial Assets (iv) Bank balances other than (iii) above | 0.05 | 271.47 | |
| (b) Financial Assets (v) Other Financial Assets | 5.73 | – | |
| (c) Other Current Assets | 119.02 | 147.90 | |
| Total Current Assets | 6,260.75 | 5,596.30 | |
| TOTAL ASSETS | 10,233.65 | 9,033.42 | |
| B. EQUITY AND LIABILITIES | |||
| Equity (a) Equity Share Capital | 133.53 | 132.31 | |
| Equity (b) Other Equity | 8,057.32 | 7,128.78 | |
| Total Equity | 8,190.85 | 7,261.09 | |
| Liabilities Non-Current Liabilities (a) Financial Liabilities (i) Borrowings | – | – | |
| Liabilities Non-Current Liabilities (a) Financial Liabilities (ii) Lease Liabilities | 33.07 | 34.01 | |
| Liabilities Non-Current Liabilities (b) Provisions | 88.54 | 59.79 | |
| Liabilities Non-Current Liabilities (c) Deferred Tax Liabilities (Net) | 3.49 | 3.31 | |
| Total Non-Current Liabilities | 125.10 | 97.11 | |
| Current Liabilities (a) Financial Liabilities (i) Borrowings | 351.59 | 360.12 | |
| Current Liabilities (a) Financial Liabilities (ii) Lease Liabilities | 10.11 | 12.22 | |
| Current Liabilities (a) Financial Liabilities (iii) Trade Payables a) Micro and small enterprises | 5.41 | 1.16 | |
| Current Liabilities (a) Financial Liabilities (iii) Trade Payables b) Others | 1,267.21 | 1,090.06 | |
| Current Liabilities (a) Financial Liabilities (iv) Other Financial Liabilities | 105.77 | 86.83 | |
| Current Liabilities (b) Other Current Liabilities | 160.29 | 98.84 | |
| Current Liabilities (c) Provisions | 16.10 | 25.99 | |
| Current Liabilities (d) Current tax Liabilities (Net) | 1.22 | – | |
| Total Current Liabilities | 1,917.70 | 1,675.22 | |
| Total Liabilities | 2,042.80 | 1,772.33 | |
| TOTAL EQUITY AND LIABILITIES | 10,233.65 | 9,033.42 |
| S.No | Particulars | For the Year ended March 31, 2026 Audited | For the Year ended March 31, 2025 Audited |
|---|---|---|---|
| A | Cash flows from operating activities | ||
| Profit before tax | 1,198.52 | 671.50 | |
| Adjustments for : Finance costs | 36.07 | 28.00 | |
| Interest Income | (82.99) | (102.61) | |
| Dividend Income | (27.73) | (30.85) | |
| (Gain) / Loss on disposal of property, plant and equipment | 1.09 | (0.10) | |
| (Gain) / Loss on account of Investments | (19.89) | (45.71) | |
| (Gain) / Loss on Termination of lease | – | (0.10) | |
| Commission received on Corporate Guarantee | (16.21) | (1.94) | |
| Allowance for Expected Credit Loss | 21.61 | 1.12 | |
| Employee Share Based Payment | 12.57 | 4.89 | |
| Depreciation and Amortisation | 100.05 | 64.11 | |
| Provision for Gratuity | 16.58 | 13.15 | |
| Provision for Leave Encashment | 12.87 | 5.17 | |
| Amount no longer payable written off/ (written back) | (0.01) | 1.37 | |
| Net foreign exchange (gain) / loss – Unrealised | (145.31) | 45.16 | |
| Operating profit before working capital changes | 1,107.22 | 653.16 | |
| Movements in Working Capital/ Other Changes : (Increase) / decrease in trade and other receivables | 11.79 | (1,041.83) | |
| (Increase) / decrease in inventories | (479.24) | 114.06 | |
| (Increase) / decrease in other assets | 24.53 | (17.16) | |
| Increase / (decrease) in trade payables | 204.87 | 570.68 | |
| Increase / (decrease) in provisions | (9.42) | (23.27) | |
| Increase / (decrease) in other liabilities | 102.48 | (25.93) | |
| Cash generated from operations | 962.23 | 229.71 | |
| Income Tax paid | (289.89) | (186.79) | |
| Net cash generated from operating activities (A) | 672.34 | 42.92 | |
| B | Cash flows from Investing activities | ||
| (Acquisition)/Proceeds from sale of property, plant and equipment & Intangible Assets | (380.14) | (312.53) | |
| Interest received | 77.26 | 131.77 | |
| Dividend income | 27.73 | 30.85 | |
| Commission received on Corporate Guarantee | 16.21 | 1.94 | |
| Loans given (net) | (200.00) | (70.00) | |
| Investments in Equity Instruments | (0.06) | (425.45) | |
| Investments in Preference Instruments – CCPS | (70.00) | – | |
| (Investment in)/ Redemption of Fixed Deposits (Net) | 271.42 | 108.87 | |
| (Investment in)/ Redemption of Mutual Funds (Net) | (245.08) | 453.74 | |
| Net cash used in investing activities (B) | (502.66) | (80.81) | |
| C | Cash flows from financing activities | ||
| Proceeds from issue of Equity Shares (ESOP) | 9.86 | 8.88 | |
| Proceeds from Equity Shares pending for allotment (ESOP) | 0.36 | 6.59 | |
| Proceeds from / (Repayment) of Current Borrowings (net) | (8.53) | 82.31 | |
| Repayment of Lease liability | (13.98) | (12.05) | |
| Interest paid | (31.03) | (22.79) | |
| Net cash generated from/(used in) financing activities (C) | (43.32) | 62.94 | |
| Net increase in cash and cash equivalents (A+B+C) | 126.36 | 25.05 | |
| Cash and cash equivalents at the beginning of the year | 263.24 | 240.39 | |
| Effects of exchange rate changes on the balance of cash and cash equivalents held in foreign currencies | (7.42) | (2.20) | |
| Cash and Cash equivalents at the end of the year | 382.18 | 263.24 |
| S.No | Particulars | For the Quarter Ended 31 Mar’26 (Refer Note 8) | For the Quarter Ended 31 Dec’25 Unaudited | For the Quarter Ended 31 Mar’25 (Refer Note 8) | For the Year Ended 31 Mar’26 Audited | For the Year Ended 31 Mar’25 Audited |
|---|---|---|---|---|---|---|
| I | Revenue from Operations | 4,798.91 | 4,175.42 | 3,427.87 | 16,032.05 | 10,981.28 |
| II | Other Income | 119.20 | 74.33 | 31.77 | 289.21 | 171.06 |
| III | Total Income (I+II) | 4,918.11 | 4,249.75 | 3,459.64 | 16,321.26 | 11,152.34 |
| IV | Expenses: Cost of raw materials consumed | 3,047.03 | 2,897.21 | 2,235.54 | 11,061.41 | 7,187.85 |
| Purchases of Stock-in-Trade | – | – | – | – | – | |
| Changes in Inventories of finished goods, work-in-progress and stock in trade | 135.68 | (148.31) | (10.45) | (532.92) | (133.17) | |
| Employee benefit expenses | 774.34 | 700.31 | 569.96 | 2,807.27 | 1,985.51 | |
| Finance costs | 42.07 | 29.59 | 42.31 | 150.06 | 167.04 | |
| Depreciation and Amortisation Expenses | 83.14 | 79.48 | 77.26 | 335.99 | 285.69 | |
| Other expenses | 273.21 | 246.55 | 219.28 | 962.98 | 792.29 | |
| Total Expenses | 4,355.47 | 3,804.83 | 3,133.90 | 14,784.79 | 10,285.21 | |
| V | Profit before tax (III-IV) | 562.64 | 444.92 | 325.74 | 1,536.47 | 867.13 |
| VI | Tax Expense: (1) Current Tax | 131.46 | 85.64 | 54.88 | 359.08 | 200.62 |
| (2) Tax of earlier years | – | 3.23 | (0.16) | 3.23 | 3.04 | |
| (3) Deferred Tax | 19.67 | 30.03 | 28.25 | 44.70 | 29.08 | |
| Total Tax Expense | 151.13 | 118.90 | 82.97 | 407.01 | 232.74 | |
| VII | Profit for the period / year (V – VI) | 411.51 | 326.02 | 242.77 | 1,129.46 | 634.39 |
| VIII | Other Comprehensive Income: A. i) Items that will not be reclassified to profit or loss: a) Remeasurements of the defined benefit plans – Gratuity | 6.60 | (1.20) | 7.48 | 3.11 | (1.29) |
| b) Fair value changes on Equity Instruments through other comprehensive income | (0.03) | – | 0.01 | (0.73) |