Avalon Technologies Limited — PPTs, 05-11-2025: Investor Presentation

Avalon Technologies showed robust financial performance for the quarter and half-year. Revenue surged by 39.1% YoY to 382 Cr in Q2 FY26, with H1 FY26 revenue up 48.7% YoY to 706 Cr. Profit after Tax (PAT) also saw strong growth, rising 42.9% YoY to 25 Cr in Q2 FY26 and an impressive 158.3% YoY to 39 Cr for H1 FY26. The order book expanded 25.4% YoY, reaching 1,863 Cr.

Growth is fueled by strategic focus on both Indian and US markets, which saw 31% and 44% YoY growth respectively in Q2. The company is emphasizing high-margin segments like Aerospace and complex box-build systems, accounting for 53% of H1 revenues. Recent wins include a supplier of the year award and aerospace quality certification.

Key metrics show Q2 EBITDA margin at 10.1% and PAT margin at 6.4%. H1 ROCE stands at 18.4%, with a healthy asset turn of 8.7 and net debt to EBITDA of 0.4, indicating a capital-light model.

Management highlights capturing growth in the Indian ESDM market, projected to grow at a 27% CAGR until 2030. They are advancing in semiconductor equipment manufacturing through a global partnership, leveraging their integrated EMS capabilities.