Buy Avalon Technologies; target of Rs 680: Motilal Oswal
Motilal Oswal is bullish on Avalon Technologies recommended buy rating on the stock with a target price of Rs 680 in its research report dated November 09, 2023.14-11-2023
14-11-2023
Avalon Technologies Ltd - 543896 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Pursuant to Regulation 41(4) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the enclosed Monitoring Agency Report and the Nil Report of the Statement of Deviation or Variation for the quarter ended September 30, 2023.10-11-2023
Avalon Technologies Ltd - 543896 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Provided Earnings Call Transcript for the Quarter and Half Year Ended Financials Results for the period ended 30.09.202309-11-2023
H1FY24 Bi-Annual Result Announced for Avalon Technologies Ltd.
Heavy Electrical Equipment company Avalon Technologies announced the H1FY24 results of Revenue from Operations of Rs 436.1 crore, a slight -1.0% YoY change. Total Income of Rs 445.9 crore, showing a -1.8% YoY change. EBITDA of Rs 28.8 crore, a significant -40.1% YoY decrease. EBITDA Margin at 6.6%, with a notable -431 bps YoY decrease. PAT of Rs 14.3 crore, down by -40.4% YoY. PAT Margin at 3.2%, with a significant -208 bps YoY decrease. Indian market revenue increased by 16% in H1FY24, but challenging US economic conditions led to a 14% decline in US market revenue, resulting in a 1% overall revenue decrease US market revenue constitutes 53% of the total Revenue Overall Order Book increased by 11.6% YoY Secured a large contract with one of India’sinnovative EV manufacturer for their charging and data transmission systems Won significant customers in the US across sectors such as industrial video surveillance, grid flexibility in clean energy, automotive heat transfer products & agro-technology systems Onboarded Mr. Shriram Vijayaraghavan as our new Group Chief Operating Officer. He brings valuable operational experience from his previous leadership roles at companies like Wheels India, Caterpillar, and Hertz, as well as strategic experience from his previous position at McKinsey Successfully qualified for Transfer of Technology by CDAC for HPC servers as part of Rudra, India's indigenous server program 2 new plants to be commissioned by Jan’24, supporting larger box builds, specialized metal & plastic processing capabilities Result PDF09-11-2023
Avalon Technologies Ltd - 543896 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find the enclosed Investor Presentation on the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2023.08-11-2023
Avalon Technologies Ltd - 543896 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find the enclosed Press Release on the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2023.08-11-2023
Avalon Technologies Ltd - 543896 - Regulation 33 - Financial Results For The Quarter And Half Year Ended September 30, 2023
Please find the enclosed Financial Results for the Quarter and Half Year ended September 30, 2023.08-11-2023
Avalon Technologies Ltd - 543896 - Board Meeting Outcome for Regulation 30 - Outcome Of The Board Meeting
Please find the enclosed Outcome of the Board Meeting which was held on November 08, 2023.08-11-2023
Avalon Technologies Ltd - 543896 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We here by inform that post announcement of Financial Results for the Quarter and Half year ended September 30, 2023, the company will host an Earnings Conference Call on Thursday, November 09, 2023, at 15.30 HRs (IST).03-11-2023