Avalon Technologies’ shares hit the 5% upper circuit following the announcement of its impressive Q3 results for December 2024.
The company reported a massive 265.14% jump in net profit, soaring to ₹23.99 crore compared to ₹6.57 crore in the previous year.
Revenue also saw a significant boost, rising 31.1% to ₹281 crore from ₹214 crore in the previous year. The company’s operational performance improved remarkably, with EBITDA climbing to ₹34.5 crore, up from ₹16.4 crore in Q3 2023. This resulted in an enhanced EBITDA margin of 12.3%, a substantial increase from 7.7% in the previous year.
Avalon Technologies’ shares opened at ₹720.00, reaching a high of ₹732.90 and a low of ₹718.00 during the trading session. The stock’s 52-week high stands at ₹1,073.75, while its 52-week low is ₹425.00.
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