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Avantel Limited is engaged in the business of designing, developing and maintaining wireless and satellite communication products, defence electronics, radar systems and development of network management software applications for its customers majorly from the aerospace and defence sectors.
Avantel clarified errors in its financial results submission, including an omitted balancing figure note and data mismatches in annual figures. The company confirmed these are technical corrections, with no impact on reported financial performance or investor interpretation.
For the third quarter ended December 31, 2024, Avantel Limited's consolidated financial results reveal a total revenue of ₹71.19 crore, reflecting a solid growth compared to ₹59.68 crore in the same quarter of the previous year, translating to a year-over-year increase of approximately 19.2%. This growth is underpinned by increased...
Avantel Limited has announced a board meeting on January 18, 2025, where it approved the un-audited financial results for the quarter and nine months ended December 31, 2024. For Q3 FY24, standalone revenue from operations totaled ₹70.44 crore, representing a decline compared to previous quarters, while net profit for the...