FCC

Avalon Q1 Revenue Up 62 per cent, Enters Semiconductor Segment

2025-08-06

Avalon Technologies Limited (“Avalon”), a prominent player in the Electronics Manufacturing Services (EMS) sector, has announced its financial results for the quarter ending 30 June 2025 (Q1 FY26).

Financial Highlights:

Revenue rose by 62.1 per cent year-on-year, though declined 5.7 per cent quarter-on-quarter.
Gross margin stood at 35.5 per cent.
EBITDA margin was recorded at 9.2 per cent.

Key Developments:

Revenues from both India and the United States grew by 62 per cent year-on-year.
Avalon entered the semiconductor equipment manufacturing space through a partnership with a global leader, producing Industry 4.0-compliant complex Box-Builds.
The order book expanded 22.5 per cent year-on-year.
India-based manufacturing, which contributes 80 per cent of total revenue, delivered an EBITDA margin of 13.2 per cent and Profit After Tax (PAT) margin of 8.8 per cent in Q1 FY26.
Net Working Capital days improved significantly, from 163 days in June 2024 to 142 days in June 2025.
Avalon secured IPC A-610 J, A-600 K, and WHMA-A-620 E certifications, further strengthening its assembly and wiring harness quality standards.

These results underline Avalon’s steady growth trajectory and strategic expansion into advanced manufacturing domains, further consolidating its position in the global EMS landscape.