Shares of Avantel Ltd rose 2% to touch a day’s high of Rs 133.49 on 12th August. This increase followed the firm’s announcement yesterday that it had secured an order worth Rs 10.11 crore to supply satellite communication equipment to Hindustan Aeronautics Limited (HAL).

Avantel will manufacture Satcom Equipment – Airborne Version for HAL within a year, by 10th August, 2026. The order includes a 24-month warranty from the date of acceptance.

The company reported a weak June quarter. Net profit declined by over 56% year-over-year to Rs 3.23 crore from Rs 7.38 crore. Meanwhile, revenue remained flat at Rs 51.9 crore.

In June 2025, Avantel won two domestic orders worth Rs 24.73 crore. One order, Rs 13.67 crore, came from DRDO’s DEAL for Software Defined Radios (SDRs). The other order was Rs 11.06 crore from Mazagon Dock Shipbuilders.

In February, it secured a Rs 43.25 crore order from NewSpace India Ltd (NSIL), ISRO’s commercial arm. The order involves supplying, installing, and commissioning 45,252 transponder devices.

At 10:35 AM, the shares of Avantel were trading 1.92% higher at Rs 130.28 on NSE.

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