New Delhi, Aug. 18 -- Avance Technologies share price was locked in at 2% upper circuit of Rs.1.68 apiece on the BSE Monday after the small-cap IT company announced its Q1 results. The penny hit the upper circuit for the twenty eighth consecutive trading session.

Avance Technologies reported a net profit of Rs.54.13 lakh in the first quarter of FY26, registering a significant growth of 35% from Rs.40.02 lakh in the corresponding quarter of the last fiscal year. The company had posted a net loss of Rs.37.80 lakh in the quarter ended March 2025.

The company's total revenue from operations in Q1FY26 jumped 496% to Rs.25.21 crore from Rs.4.23 crore, year-on-year (YoY). The company's revenue in the previous quarter was Rs.13.21 crore.

Avanc...