India · Delayed Price · Currency is INR Avalon Technologies Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2027 saw 50% year-on-year revenue growth, margin expansion, and improved working capital. Guidance for FY 2027 revenue growth was raised to 26%-30%, with strong order book visibility and continued investments in capacity, leadership, and automation.
Fiscal Year 2026
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FY2026 delivered 46% revenue growth, strong profitability, and improved capital efficiency, with broad-based gains across all segments and geographies. The order book remains robust, and guidance targets 24%-27% revenue growth for FY2027, with plans to double revenue by FY2029.
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Q3 FY 2026 delivered record revenue and profit, with 49% year-on-year growth and strong margin expansion. Order book and new program ramp-ups support an upward revision of FY 2026 revenue growth guidance to ~40%. Diversified growth across verticals and geographies, with improved capital efficiency and positive cash flow.
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Revenue and profitability surged in H1 FY 2026, with broad-based growth across India and U.S. operations. Guidance was raised to 28%-30% revenue growth, supported by a strong order book, new program ramps, and continued investments in capacity and talent.
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Q1 FY 2026 saw 62.1% revenue growth, margin expansion, and a robust order book, prompting an upward revision of full-year revenue guidance to 23%-25%. Entry into semiconductor equipment and strong segment growth across geographies position the company for sustained momentum.
Fiscal Year 2025
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Q4 FY 2025 saw 58.1% YoY revenue growth and 244% PAT increase, with broad-based sector gains and strong order book momentum. FY 2026 guidance is for 18%-20% revenue growth, with cautious optimism amid macro uncertainties and continued investment in capacity and partnerships.
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Q3 FY 2025 saw 31% revenue growth, margin expansion, and a 25% increase in order book, driven by strong performance in industrial, clean energy, and mobility sectors. FY 2025 guidance was raised, with new facilities supporting future growth and a diversified customer base mitigating risks.
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Q2 FY 2025 saw record revenue and profitability, with strong growth in both India and U.S. markets, improved margins, and a robust order book. Operating leverage, cost optimization, and a shift to Indian manufacturing drove results, while guidance for 16%-20% revenue growth is maintained.
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Q1 FY 2025 saw a 15.2% YoY revenue decline and margin compression due to product mix and transition costs, but management raised FY 2025 growth guidance to 16%-20% on the back of a strong order book and anticipated H2 recovery. Operating cash flow and liquidity remain robust.