Avantel shares rose 3.01% to ₹165.80 following the announcement of a significant contract win from the Defence Research and Development Organisation (DRDO). According to the company's exchange filing, Avantel Limited has secured a contract worth ₹9.94 crore from the Ministry of Defence for the development and testing of satellite terminals for GSAT. The contract includes a warranty period of 24 months and is scheduled for completion by December 2028, with the order valued at ₹9.94 crore inclusive of applicable taxes.
The latest order is strategically significant as satellite communication systems continue to play an increasingly important role in defence, surveillance, secure communications, and network-centric warfare. As reported by Trade Brains, development of indigenous satellite communication terminals is aligned with India's broader objective of strengthening self-reliance in critical defence technologies. The contract further reinforces Avantel's long-standing relationship with India's defence and space ecosystem, with successful execution expected to enhance the company's credentials in satellite communications and create opportunities for participation in future defence and aerospace programs.
As reported by Trade Brains, Avantel Limited, incorporated in 1990, is engaged in designing, developing, and maintaining wireless and satellite communication products, defence electronics, radar systems, and network management software applications. The company primarily serves customers in the aerospace, defence, and strategic sectors and has established expertise in communication and mission-critical technology solutions. The ₹9.94 crore DRDO contract adds to Avantel's order book and is expected to strengthen its position in the satellite communication and defence electronics segments while contributing to revenue visibility over the coming years.
According to Business Standard, Avantel reported mixed financial results for Q4 FY26. The company experienced a 21.5% year-on-year decline in consolidated net profit to ₹4.77 crore in Q4 FY26, compared with ₹6.08 crore in Q4 FY25. However, revenue from operations showed strong growth, rising 29.6% year-on-year to ₹63.83 crore in Q4 FY26, indicating robust operational performance despite profit challenges.
