How did Avance achieve 150% profit growth on lower revenue?

The profit surge was driven by a multi-fold increase in other income to ₹13.84 crore. This non-operational gain exceeded the entire net profit, masking the slight decline in core revenue from operations.

What caused the fourth quarter's swing to profit?

The company posted a Q4 net profit of ₹10.37 crore, a sharp reversal from a loss of ₹1.36 crore in the same quarter last year. This single quarter accounts for nearly all of the full-year profit.

Why is the earnings quality a concern?

Revenue from operations softened slightly to ₹159.26 crore, meaning the profit growth was not driven by the core business. Reliance on volatile other income makes future earnings hard to predict.

Earnings · IT - Software · Micro cap

Avance's ₹13.24 crore profit came from ₹13.84 crore in other income

Annual profit surged 150% to ₹13.24 crore, but ₹13.84 crore came from non-operational gains. Core revenue slipped.

— 3 earlier stories on Avance Technologies Ltd. →

AVANCE By Tipsheet Editorial 29 May 2026 · 8:28 PM IST Verify on BSE · NSE

Mkt cap₹188 cr

P/E14.22×

ROE1.39%

Debt / eq.0.15

₹13.84 cr Other income for FY26, exceeding the entire net profit.

What's new

Avance's FY26 net profit jumped 150% to ₹13.24 crore despite revenue from operations softening to ₹159.26 crore.
The profit surge was driven by a multi-fold increase in other income to ₹13.84 crore.
Q4 net profit swung to ₹10.37 crore from a ₹1.36 crore loss a year ago.

Why this matters

The earnings quality is poor. The entire profit increase and then some came from volatile, non-core other income. A business growing its top line would be a different story.

What we're watching

Whether other income sustains or proves to be a one-off.
Core revenue trajectory after the slight softening.
Management's explanation for the large other income swing.

The full read

Avance Technologies' 150% jump in annual profit is not what it first appears. The headline ₹13.24 crore net profit was almost entirely powered by ₹13.84 crore in other income, not the core business. Revenue from operations slipped slightly to ₹159.26 crore. The fourth quarter alone delivered a ₹10.37 crore profit, swinging from a ₹1.36 crore loss a year ago. Earnings per share doubled to ₹0.07. The profit expansion is real, but its source is the problem. Other income is by nature volatile and non-recurring. A business growing its top line would be a different story. One quarter of extraordinary other income does not make a trend.

Questions answered

How did Avance achieve 150% profit growth on lower revenue?: The profit surge was driven by a multi-fold increase in other income to ₹13.84 crore. This non-operational gain exceeded the entire net profit, masking the slight decline in core revenue from operations.
What caused the fourth quarter's swing to profit?: The company posted a Q4 net profit of ₹10.37 crore, a sharp reversal from a loss of ₹1.36 crore in the same quarter last year. This single quarter accounts for nearly all of the full-year profit.
Why is the earnings quality a concern?: Revenue from operations softened slightly to ₹159.26 crore, meaning the profit growth was not driven by the core business. Reliance on volatile other income makes future earnings hard to predict.

Mentioned: ₹13.24 cr annual net profit · ₹13.84 cr other income · Q4 ₹10.37 cr profit

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Avance Technologies Ltd.

Software Services

₹188 cr

P/E 14.23×

Latest quarter · Mar 2026

Sales₹31 cr

Net profit₹10 cr

Op. margin−1.8%

EPS₹0.05

Strength & growth

Debt / equity0.15×

Current ratio1.00×

Sales CAGR+4.6%

Story so far

All notes on AVANCE →

29 May 2026 · 8:28 PM IST Avance's ₹13.24 crore profit came from ₹13.84 crore in other income
6d ago Avance appoints Santosh Hambare as MD & CFO, fills vacancy after resignation
16d ago Avance Technologies loses its CFO without naming a successor
38d ago Avance's ₹13.24 cr profit is almost entirely other income. Revenue fell.