Avalon Technologies saw its shares soar over 35% this week following a robust performance in Q2.
The company reported a remarkable 36.8% year-on-year revenue growth, reaching ₹275.02 crore, compared to ₹200.99 crore in the same period last year. Net profit jumped by an impressive 140%, climbing to ₹17.48 crore from ₹7.28 crore last year.
EBITDA also witnessed a significant rise, increasing by 140% to ₹30.14 crore, up from ₹12.58 crore, while the EBITDA margin expanded from 6.3% to 11%.
On Friday, the stock opened at ₹700.00, hitting a high of ₹849.10 and a low of ₹695.20, further highlighting investor confidence in the company’s performance.
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