Avantel Reports Q1 Results; Board Approves Key Director Changes, Remuneration Revisions
Avantel Limited announced its un-audited quarterly results and detailed updates on governance following the meeting of its Board of Directors held on July 11, 2026. The board meeting approved the company's financial performance for the first quarter ended June 30, 2026, and finalized several key appointments and remuneration changes involving senior management.The Board considered both the un-audited standalone and consolidated financial results, which were reviewed by Statutory Auditors, and subsequently took the outcomes on record. Key corporate decisions approved during the meeting included revisions in executive director compensation and the appointment and re-appointment of multiple board members.
Financial Performance Highlights (Quarter ended June 30, 2026)
Avantel's financial results for the quarter show operational performance across both standalone and consolidated metrics. The company operates in a single segment according to its standalone reporting.The following table details the Standalone Un-audited financial results for the Quarter ended 30 June 2026, compared against previous periods:
| Particulars | 30/06/2026 (Unaudited) | Quarter Ended 31/03/2026 (Audited) | 30/06/2025 (Unaudited) | Year ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Income | ||||
| Revenue from operations | 7012.34 | 6314.66 | 5183.65 | 22135.23 |
| Total Income | 7023.89 | 6423.54 | 5188.17 | 22380.90 |
| Expenses | ||||
| Cost of materials consumed | 2501.97 | 2556.87 | 830.34 | 7678.49 |
| Changes in inventories | (198.31) | (779.51) | 1238.42 | (1246.02) |
| Employee benefits expense | 1254.79 | 1375.73 | 956.69 | 4794.67 |
| Finance costs | 174.23 | 180.56 | 80.12 | 563.31 |
| Depreciation and amortization expense | 660.00 | 505.87 | 390.19 | 1803.49 |
| Other expenses | 1539.01 | 1621.77 | 1022.48 | 5569.75 |
| Profit before tax | 1092.20 | 962.25 | 669.93 | 3217.21 |
| Tax expense (I) Current tax | 330.43 | 213.32 | 207.53 | 923.54 |
| Profit for the Period | 761.77 | 705.23 | 462.40 | 2249.97 |
The Consolidated Un-audited financial results reflected a total income of 7054.24 Lakhs, with total revenue from operations standing at 7042.16 Lakhs for the quarter ended June 30, 2026.
| Particulars (Consolidated) | 30/06/2026 (Unaudited) | Quarter Ended 31/03/2026 (Audited) | 30/06/2025 (Unaudited) | Year ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Income | ||||
| Revenue from operations | 7042.16 | 6382.55 | 5191.28 | 22287.24 |
| Total Income | 7054.24 | 6492.99 | 5195.80 | 22534.47 |
| Expenses | ||||
| Cost of materials consumed | 2544.90 | 2650.52 | 828.46 | 7873.32 |
| Changes in inventories | (198.31) | (805.96) | 1238.42 | (1331.97) |
| Employee benefits expense | 1336.65 | 1460.97 | 1009.37 | 5074.54 |
| Finance costs | 175.50 | 180.87 | 80.15 | 563.91 |
| Depreciation and amortization expense | 709.71 | 556.56 | 439.66 | 2007.53 |
| Other expenses | 1615.90 | 1718.38 | 1069.50 | 5883.36 |
| Profit before tax | 869.89 | 731.65 | 530.24 | 2463.78 |
| Tax expense (I) Current tax | 330.43 | 213.32 | 207.53 | 923.54 |
| Net Profit for the Period | 539.46 | 477.47 | 322.71 | 1499.38 |
Segment-Wise Results
The company operates in two segments: Communications and signal processing products, and Health Care Services. The segment results for the quarter ended June 30, 2026, are presented below:| Particulars (Segment) | Comm. & Signal Proc. Products | Health Care |
|---|---|---|
| Gross Revenue | 7,054.24 Lakhs | 30.36 Lakhs |
| Profit before tax | 869.89 Lakhs | (222.30) Lakhs |
| Total Assets | 49,753.17 | 2,591.47 |
Governance and Appointments
Key governance updates resulting from the Board meeting included:- Director Remuneration: The remuneration of Mr. Abburi Siddhartha Sagar, Executive Director (Strategy & Business Development), was revised from Rs. 48.00 Lakhs per annum to Rs. 55 Lakhs per annum, effective July 11, 2026.
- Re-appointment and New Appointment: The Board approved the re-appointment of Mr. Abburi Siddhartha Sagar for a further term of five consecutive years, running from March 8, 2027, up to March 7, 2032. Additionally, Mr. Peddi Bala Bhaskar Rao was appointed as an Additional Director and Director (Operations) for a three-year term, effective July 11, 2026, until July 10, 2029.
- Independent Director Re-appointment: Mr. Vyasabhattu Ramchander was approved for a second consecutive term of five years as an Independent Director, starting May 6, 2027, and concluding on May 5, 2032.
- Committee Restructuring: The Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders' Relationship Committee were reconstituted immediately.
ITCHOTELS Stock Price Movement
On Friday, ITC Hotels Limited shares gained significantly in the close, settling at ₹187.19 and recording a solid 2.63% gain for the day. Trading volume was robust across the session as the equity moved through nearly 3 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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