Avantel bags ₹21 cr SATCOM order from Larsen & Toubro
Avantel has secured a ₹20.81 crore purchase order from Larsen & Toubro for SATCOM services, its second large order this month. The domestic order adds to a growing commercial order book and must be executed by July 2027.
— 4 earlier stories on Avantel Ltd. →What's new
- Secured ₹20.81 cr SATCOM order from Larsen & Toubro.
- Second large order this month after ₹83.80 cr Zetwerk win.
- Execution timeline: by July 2027.
Why this matters
At over 7% of estimated annual revenue, this is a material win that diversifies Avantel's client base with a premier engineering conglomerate. Combined with the Zetwerk order, it signals sustained demand and is likely to drive upward estimate revisions.
What we're watching
- Consolidation of order book and visibility for FY27.
- Potential for more SATCOM orders from L&T or other major players.
- Impact on revenue and earnings in upcoming quarters.
The full read
Avantel has landed a ₹20.81 crore firm purchase order from Larsen & Toubro for SATCOM services, its second large contract this month. The domestic deal, inclusive of taxes, must be executed by July 2027. At over 7% of estimated annual revenue, it's a material win that diversifies the client roster with a premier engineering conglomerate. Combined with the ₹83.80 crore Zetwerk order disclosed in late June, Avantel is building a commercial order book that provides meaningful revenue visibility. The stock trades at a trailing P/E of 307, but the earnings base is small—latest quarterly sales were ₹70 crore with net profit of ₹5 crore. These orders, if executed as planned, could meaningfully boost FY27 revenue. The open question is whether this signals a sustained pipeline or a lumpy burst. For now, two large wins in one month from blue-chip clients is a strong signal.
Questions answered
- How does this order compare to the recent Zetwerk order?
- This ₹20.81 cr order from L&T is smaller than the ₹83.80 cr Zetwerk order but diversifies clients with a premier engineering firm. Combined, they provide strong revenue visibility.
- What is the execution timeline?
- The order must be executed within twelve months, by July 2027.
- Is there any related-party interest?
- No. The filing confirms no promoter or related-party interest in the transaction with L&T.
- What does this mean for Avantel's revenue visibility?
- The order adds over 7% to estimated annual revenue, and together with the Zetwerk order, provides significant near-term topline visibility.
- Why is this order considered material?
- At ₹20.81 crore, it exceeds 7% of Avantel's estimated annual revenue, making it a material win that is likely to prompt analyst estimate upgrades.
- How does it affect Avantel's standing in the SATCOM space?
- Winning orders from both Zetwerk and L&T in one month reinforces Avantel's position in satellite communication products and signals growing commercial demand.
Avantel Ltd.
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All notes on AVANTEL →- 18 Jul 2026 · 3:04 PM IST Avantel bags ₹21 cr SATCOM order from Larsen & Toubro
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