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Avance Technologies Ltd (512149)

📊 BSE: 512149 🏢 Software Products 📢 Latest filing: 11 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Avance Technologies' revenue was ₹60.6 Cr (+63.9% year on year, +95.6% on the previous quarter), and net profit ₹2.5 Cr (+23.3% year on year); the operating margin was 2.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹60.6	+63.9%	+95.6%
Operating profit	₹1.5	+52.7%	from loss
Net profit	₹2.5	+23.3%	-75.3%
Operating margin	2.5%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Avance Technologies Q1 FY27 Consolidated Revenue Grows 62% YoY to ₹60.65 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 06:35 PM

Avance Technologies reported a strong start to FY27 with consolidated revenue reaching ₹60.65 Cr, a 62% increase from ₹37.42 Cr in the same quarter last year. Consolidated Net Profit rose 52% YoY to ₹2.47 Cr, although it declined sequentially from ₹10.37 Cr in Q4 FY26, which was inflated by high other income. The results highlight a significant reliance on subsidiaries, which contributed approximately 70% of the total consolidated revenue. Despite the top-line growth, operating margins remain thin as the business model appears heavily driven by stock-in-trade purchases.

Consolidated Revenue from operations increased 62.1% YoY to ₹60.65 Cr.
Consolidated Net Profit grew 52.2% YoY to ₹2.47 Cr from ₹1.62 Cr.
Subsidiaries (Avance Ventures, Verticore, and Avance Platforms) contributed ₹42.76 Cr to the total revenue.
Other Income normalized to ₹0.94 Cr, down from ₹10.98 Cr in the preceding quarter.
Total Expenses rose to ₹59.12 Cr, with stock-in-trade purchases and inventory changes accounting for 98.8% of costs.

💡 Investors should monitor the performance of the three subsidiaries as they are now the primary drivers of growth, and watch for any improvement in the thin operating margins which currently stand at approximately 4% at the PBT level.

Avance Technologies Q1 Consolidated Revenue up 62% YoY to ₹60.65 Cr

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 11 Aug 2026, 06:30 PM

Avance Technologies reported a 62% YoY increase in consolidated revenue to ₹60.65 Cr for Q1 FY27. Consolidated Net Profit grew 52% YoY to ₹2.47 Cr, although it fell sharply from the preceding quarter's ₹10.37 Cr, which was inflated by ₹10.98 Cr in other income. The company's business model remains high-volume and low-margin, with total expenses accounting for nearly 96% of total income. Standalone performance was notably weaker, with revenue declining 29% YoY to ₹17.89 Cr.

Consolidated Revenue from operations reached ₹60.65 Cr vs ₹37.42 Cr in the previous year's corresponding quarter
Consolidated Net Profit stood at ₹2.47 Cr, a 52% increase from ₹1.62 Cr YoY
Total Consolidated Expenses were ₹59.12 Cr, representing 95.9% of total income
Standalone Revenue dropped to ₹17.89 Cr from ₹25.21 Cr in the same period last year
Consolidated Earnings Per Share (EPS) for the quarter remained low at ₹0.01

💡 Monitor the sustainability of consolidated revenue growth and whether the company can improve its operating margins, which are currently near zero. Investors should also note the extremely low promoter holding of 0.68%.

Avance Technologies Board Meeting on August 11, 2026, to Approve Q1 FY27 Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 04 Aug 2026, 06:30 PM

Avance Technologies has scheduled a board meeting for August 11, 2026, to approve its standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The company enters this quarter following a FY26 performance that saw revenue of ₹159 Cr and a net profit of ₹13 Cr. Investors will be monitoring if the company can improve its operating margins, which stood at -0.6% on a TTM basis. The trading window for designated persons has been closed since July 1, 2026, in anticipation of these results.

Board meeting scheduled for August 11, 2026, to review Q1 FY27 results.
Trading window closed from July 1, 2026, until 48 hours post-result declaration.
Company reported a TTM revenue of ₹159 Cr and PAT of ₹13 Cr as of March 2026.
Promoter holding remains critically low at 0.68% as of March 2026.
Debt levels stand at ₹164 Cr against a market cap of ₹169 Cr.

💡 Monitor the financial results on August 11 for signs of operating margin recovery and to see if the ₹10 Cr net profit reported in the previous quarter (March 2026) was a one-off or sustainable.

Avance Technologies Appoints New MD and Statutory Auditor; Postal Ballot Ends Aug 14, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 10 Jul 2026, 05:25 PM

Avance Technologies Ltd held a board meeting on July 10, 2026, to approve significant leadership and governance changes. The board has proposed the appointment of Mr. Santosh Hambare as Managing Director and M/s. A. Raghavendra Rao & Associates as the new Statutory Auditors. Shareholders will vote on these appointments via a postal ballot process running from July 16 to August 14, 2026. The final results of the voting are expected to be declared by August 18, 2026.

Appointment of Mr. Santosh Hambare (DIN: 11523270) as the new Managing Director of the company.
Proposed appointment of M/s. A. Raghavendra Rao & Associates (FRN: 003324S) as Statutory Auditors.
Remote e-voting period scheduled for 30 days, starting July 16, 2026, and concluding August 14, 2026.
Cut-off date for shareholder eligibility for voting was fixed as June 26, 2026.
Scrutinizer report and final result declaration scheduled for August 18, 2026.

💡 Investors should monitor the declaration of results on August 18, 2026, to confirm the formalization of the new management and audit team.

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