ALFA Finder
The call ran from 3:27 PM to 4:30 PM IST (1 h 3 min).
Key takeaways
Q2 FY27 revenue up 37% YoY but only 8.5% QoQ; management declined to quantify semicap, HVDC or JV revenue potential.
| Revenue guidance | 26.0% → 30.0% Raised by 4.0 percentage points |
|---|---|
| Management target | Revenue 30.0% FY27 |
| Revenue growth | Q2 +37.4% YoY, +8.5% QoQ; H1 +43.1%; decelerating. |
|---|---|
| Margins | Group EBITDA 12.6% vs 10.1% YoY; India plant 17.1%, US drags. |
| Order book | ~4.5x quarterly revenue; 14-month average execution; peers N/A. |
| Demand visibility | Order book ₹2,367 Cr (+27.1% YoY), plus ₹1,275 Cr long-term contracts. |
| Management confidence | Over-optimistic; 'confident', 'on track' repeated; quantification avoided. |
Growth
Revenue +37.4% YoY, +8.5% QoQ, slowing from H1's 43%. EBITDA margin 12.6% vs 10.1%; PAT +59.5%.
Outlook
FY27 revenue growth guided ~30%, raised from 26–30%; FY26–FY29 revenue doubling reiterated; warrants up to ₹425 Cr to Zolna.
Risks
Operating cash flow -₹22 Cr in Q2; net debt rising on inventory build; semicap 10% revenue target undated; top-10 customers 64%.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
Avalon Technologies Q2 FY27 Results: Net Profit ₹39.8 Cr, Up 59.2% YoY
Avalon Technologies Ltd reported revenue from operations of ₹525.4 Cr (+37.4% YoY) and net profit of ₹39.8 Cr (+59.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹39.8 Cr · +59.2% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Guidance raised to 26-30% growth for FY27; targeting 3,200Cr revenue by FY29.
Growth they described
Revenue grew 50% YoY to 484Cr, driven by clean energy and industrial sectors; box-build mix rose to 59.9%.
Call details
| Company | Avalon Technologies Ltd |
|---|---|
| NSE symbol | AVALON |
| ISIN | INE0LCL01028 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 13 November 2026 |
| Time | 3:30 PM IST |
| Length | 1 h 3 min |
Avalon Technologies Ltd: key numbers
- Share price
- ₹2,038.30
- Market cap
- ₹13,636 Cr
- Revenue (annual)
- ₹1,603 Cr
- Net profit (annual)
- ₹113.0 Cr
- P/E (TTM)
- 91.8×Sector 52.1×
- Promoter holding
- 40.35%-4.04% QoQ
- FII holding
- 11.13%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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