Avantel climbs after bagging Rs 177 cr supply order from Zetwerk Manufacturing Business

Avantel rallied 6.19% to Rs 155.20 after the company announced that it has received a contract from Zetwerk Manufacturing Businesses for the supply of satellite communication equipment.

The contract includes a one-year comprehensive onsite warranty, the company said.

The order is valued at Rs 177.35 crore, including GST, and is scheduled to be executed by March 2027.

Avantel is engaged in the business of designing, developing, and maintaining wireless and satellite communication products, defence electronics, radar systems, and the development of network management software applications for its customers, mainly from the aerospace and defence sectors.

The company reported a 67.39% year-on-year increase in consolidated net profit to Rs 5.39 crore in Q1 FY27, compared with Rs 3.22 crore in Q1 FY26. Revenue from operations rose 35.65% year-on-year to Rs 70.42 crore in Q1 FY27.

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