Avalon Technologies saw its shares jump over 14% after posting impressive Q2 financial results.
The company reported a 36.8% increase in revenue, reaching ₹275.02 crore, compared to ₹200.99 crore in the same period last year. Net profit surged by 140% to ₹17.48 crore, up from ₹7.28 crore year-on-year, showcasing the company’s profitability boost.
EBITDA also witnessed a significant jump, growing by 140% to ₹30.14 crore from ₹12.58 crore, with the EBITDA margin expanding from 6.3% to 11%
As of 9:29 am, Avalon Technologies shares were trading 13.28% higher at Rs 668.00 on the NSE.
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