Avalon Technologies touches the roof on reporting around four-fold jump in Q3 consolidated net profit
Avalon Technologies is currently trading at its upper limit of Rs. 732.95, up by 34.90 points or 5.00% from its previous closing of Rs. 698.05 on the BSE.
The scrip opened at Rs. 732.95 and has touched a high and low of Rs. 732.95 and Rs. 715.00 respectively. So far 16187 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1074.00 on 20-Dec-2024 and a 52 week low of Rs. 426.25 on 09-Aug-2024.
Last one week high and low of the scrip stood at Rs. 737.50 and Rs. 638.25 respectively. The current market cap of the company is Rs. 4848.34 crore.
The promoters holding in the company stood at 50.57%, while Institutions and Non-Institutions held 26.26% and 23.16% respectively.
Avalon Technologies has reported 57.40% rise in its net profit at Rs 16.48 crore for third quarter ended December 31, 2024 (Q3FY25) as compared to Rs 10.47 crore for the same quarter in the previous year. Total income of the company increased by 33.41% at Rs 164.17 crore for Q3FY25 as compared to Rs 123.06 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported around four-fold jump in its net profit at Rs 23.99 crore for the quarter ended December 31, 2024 as compared to Rs 6.57 crore for the same quarter in the previous year. Total income of the company increased by 34.36% at Rs 290.82 crore for Q3FY25 as compared to Rs 216.44 crore for the corresponding quarter previous year.
