Integrated Filing — IndAS



General information about company

Scrip Code 532406
NSE Symbol AVANTEL
MSEI Symbol NOTLISTED
ISIN INE005B01027
Name of company AVANTEL LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 26-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 06-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 26-10-2026   11:00:00
End date and time of board meeting 26-10-2026   14:40:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 7,442.07 14,484.23
Other income 30.07 41.03
Total income 7,472.14 14,525.26
2 Expenses
(a) Cost of materials consumed 4,737.11 7,283.27
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (2,643.18) (2,841.49)
(d) Employee benefit expense 1,236.94 2,573.59
(e) Finance costs 275.08 449.47
(f) Depreciation, depletion and amortisation expense 877.12 1,586.83
(f) Other Expenses
1 Other expenses 2,026.35 3,642.24
Total other expenses 2,026.35 3,642.24
Total expenses 6,509.42 12,693.91
3 Total profit before exceptional items and tax 962.72 1,831.35
4 Exceptional items 0.00 0.00
5 Total profit before tax 962.72 1,831.35
6 Tax expense
7 Current tax 281.98 612.41
8 Deferred tax 0.00 0.00
9 Total tax expenses 281.98 612.41
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 680.74 1,218.94
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 680.74 1,218.94
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period 680.74 1,218.94
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0.00 0.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 53,15,51,732.00 53,15,51,732.00
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.26 0.46
Diluted earnings (loss) per share from continuing operations 0.26 0.46
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.26 0.46
Diluted earnings (loss) per share from continuing and discontinued operations 0.26 0.46
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The financial results of the company have been prepared in accordance with Indian Accouting Standards (Ind AS) notified under the companies (Indian Accouting standards) Rules, 2015 as amended by the companies (Indian Accouting standards) (Amendment) rules,2016. 2. Since the principal customer of the company is an organisation that is controlled by the Government of India, the company has been assured of its Receivables and has not made any provision for loss allowance in the past and as on date. Hence the company has concluded that no provision for loss allowance needs to be made as on September 30, 2026. The company will reassess the model periodically and make the necessary adjustments for loss allowance if any, on case to case basis if required. 3. The Consolidated financial results are reviewed by the Statutory Auditors of the Company as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015. 4.In the Consolidated financial results Employee benefit Expenses include Rs. 114.48 Lakhs on account of ESOP, 2023 for the quarter ending September 30, 2026 and Rs. 250.07 Lakhs for the half year ending Septmber 30, 2026. 5.The aforementioned results are reviewed by the Audit Committee of the Board and susequently taken on record by the board of directors at its meeting held on October 26, 2026. 6.Figures for the previous year/period have been regrouped / reclassified whereever necessary to confirm to the current year's / period's presentation 7.The results for the quarter and half-year ended September 30, 2026 are also available on the BSE Limited and National Stock Exchange of India Limited website and on the Company's website.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 22,525.65
Capital work-in-progress 598.24
Investment property 0.00
Goodwill 0.00
Other intangible assets 0.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other financial assets 470.32
Total of other non-current financial assets 470.32
Total non-current financial assets 470.32
Deferred tax assets (net) 0.00
Other non-current assets
Total of other non-current assets
Total non-current assets 23,594.21
2 Current assets
Inventories 14,720.57
Current financial asset
Current investments 0.00
Trade receivables, current 9,099.40
Cash and cash equivalents 191.48
Bank balance other than cash and cash equivalents 1,065.36
Loans, current 0.00
Other current financial assets
Total of other current financial assets 62.97
Total current financial assets 10,419.21
Current tax assets (net) 0.03
Other current assets
1 Other current assets 6,794.64
Total of other current assets 6,794.64
Total current assets 31,934.45
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 55,528.66
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 5,315.58
Other equity 29,479.48
Total equity attributable to owners of parent 34,795.06
Non controlling interest 0.00
Total equity 34,795.06
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 3,230.54
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
Total of other non-current financial liabilities
Total non-current financial liabilities 3,230.54
Provisions, non-current 5.69
Deferred tax liabilities (net) 5.15
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 3,241.38
Current liabilities
Current financial liabilities
Borrowings, current 7,467.87
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 650.89
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 465.44
Total Trade payable 1,116.33
Other current financial liabilities
1 Other financial assets 7,038.48
Total of other current financial liabilities 7,038.48
Total current financial liabilities 15,622.68
Other current liabilities 1,106.00
1 Other current liabilities 1,106.00
Total of other current liabilities 1,106.00
Provisions, current 0.00
Current tax liabilities (Net) 763.54
Deferred government grants, Current 0.00
Total current liabilities 17,492.22
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 20,733.60
Total equity and liabilites 55,528.66
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Communications and signal processing products 7,411.67 14,434.44
2 Health Care 0.0006047 0.0009082
Total Segment Revenue 7,472.14 14,525.26
Less: Inter segment revenue 0.00 0.00
Revenue from operations 7,472.14 14,525.26
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Communications and signal processing products 1,116.91 2,209.10
2 Health Care (154.19) (377.75)
Total Profit before tax 962.72 1,831.35
i. Finance cost 0.00 0.00
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 962.72 1,831.35
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Communications and signal processing products 53,123.62 53,123.62
2 Health Care 2,405.04 2,405.04
Total Segment Asset 55,528.66 55,528.66
Un-allocable Assets 0.00 0.00
Net Segment Asset 55,528.66 55,528.66
4 Segment Liabilities
Segment Liabilities
1 Communications and signal processing products 20,641.08 20,641.08
2 Health Care 92.52 92.52
Total Segment Liabilities 20,733.60 20,733.60
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 20,733.60 20,733.60
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) I) The company's corporate strategy aims at creating multiple drivers of growth anchored on its core competence. The company is currently focused on two segments. 2) The business segments comprise the following: (a) Communications and signal processing products: Manufacturing of Wireless Front End, Satelite communication. Embedded Systems, Signal Processing, Network Management and Software development and rendering related customer suppo,t Services and having in - house R &D Facility. (b) Health Care Services: Manufacturing o f Disposables Skin Staplers, Removers and Oxygen Concentrators. 3) The segment wise Revenue, Results, Assets and Liabilities figures related to the respective amounts directly identifiable to each of the segments. Unallocable expenditure include expenses incurred on common services at the corporate level.



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 0.00 0.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1,831.35
Adjustments for reconcile profit (loss)
Adjustments for finance costs 449.47
Adjustments for decrease (increase) in inventories (5,388.14)
Adjustments for decrease (increase) in trade receivables, current (1,928.52)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (2,673.14)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 15.84
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 918.98
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 391.17
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,586.83
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (55.64)
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 4,445.20
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 234.53
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (2,003.42)
Net cash flows from (used in) operations (172.07)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (172.07)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 5,994.68
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 15.54
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (549.69)
Net cash flows from (used in) investing activities (6,528.83)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 34.19
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 7,260.46
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 531.42
Interest paid 449.47
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 6,313.76
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (387.14)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (387.14)
Cash and cash equivalents cash flow statement at beginning of period 578.62
Cash and cash equivalents cash flow statement at end of period 191.48