Avantel Share Price Jump 5% After ₹10 Crore Order from Garden Reach Shipbuilders

Avantel share price (NSE: AVANTEL) rose over 5% to ₹185.9 on Wednesday after the company announced fresh orders worth nearly ₹10 crore from Garden Reach Shipbuilders. Later, the stock cooled down to ₹179.4, still up 1.38%, compared to Nifty’s 0.32% rise.

Avantel’s stock has already surged 21% in 2025, against the Nifty 50’s 7% rise. The company’s market cap now stands at ₹4,676 crore.

Details of the Order

Avantel said it received a purchase order worth ₹9.92 crore (including taxes) for the supply of Satcom products.

• Client: Garden Reach Shipbuilders Ltd
• Category: Domestic order under manufacturing
• Performance guarantee: 3%
• Execution timeline: March 15 – June 15, 2026

Recent Orders Secured

This is not the first big win for Avantel this year.

• Earlier in September: Amended purchase order of ₹9.88 crore from the Department of Atomic Energy.
• June 2025: Two domestic orders worth ₹24.73 crore — ₹13.67 crore from Defence Electronics Applications Laboratory and ₹11.06 crore from Mazagon Dock Shipbuilders.

Avantel Q1 FY26 Financials

• Net profit: ₹3.23 crore (down 56% YoY)
• Revenue: ₹51.91 crore (up 0.29% YoY)
• Profit before tax: ₹5.30 crore (down 52% YoY)

While profits dipped sharply, revenues remained steady, reflecting higher costs impacting margins.

Read More: Asian Paints Shares Are Down 30 Percent From 52-Week High: A Deep Dive Into Industry Changes.

About Avantel

Avantel is a technology-driven company specialising in defence and telecom-grade communication systems. Its expertise includes:

• Network-centric wireless & satellite communication
• Defence-standard (MIL) products
• Microwave systems, signal processing, and embedded software

The company supports defence, aerospace, railways, and satellite-based services, backed by in-house R&D recognised by the Indian government.

Conclusion

Avantel’s fresh order from Garden Reach Shipbuilders has boosted investor sentiment, pushing the stock higher for the fourth straight day. Despite weaker Q1 earnings, consistent order wins from defence and government agencies highlight the company’s strong positioning in India’s aerospace and defence communication sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.