Detailed Summary

Financial Performance Highlights

Standalone Results (Quarter Ended September 30, 2026):

  • Revenue from Operations: ₹170.06 crore (vs ₹95.46 crore in Q2 FY26, 78% increase YoY)
  • Total Income: ₹171.75 crore
  • Profit Before Tax: ₹231.83 crore
  • Profit After Tax: ₹171.03 crore (vs ₹102.99 crore in Q2 FY26, 66% increase YoY)
  • Basic EPS: ₹15.62 (vs ₹9.43 in Q2 FY26)
  • Diluted EPS: ₹15.58 (vs ₹9.41 in Q2 FY26)

Standalone Results (Half-Year Ended September 30, 2026):

  • Revenue from Operations: ₹299.39 crore (vs ₹168.91 crore in H1 FY26, 77% increase YoY)
  • Profit After Tax: ₹297.33 crore (vs ₹183.09 crore in H1 FY26, 62% increase YoY)
  • Basic EPS: ₹27.16
  • Diluted EPS: ₹27.10

Consolidated Results (Quarter Ended September 30, 2026):

  • Revenue from Operations: ₹220.94 crore
  • Profit After Tax: ₹191.85 crore
  • Basic EPS: ₹16.83
  • Diluted EPS: ₹16.79

Consolidated Results (Half-Year Ended September 30, 2026):

  • Revenue from Operations: ₹400.21 crore
  • Profit After Tax: ₹339.86 crore
  • Basic EPS: ₹29.53
  • Diluted EPS: ₹29.46

Segment Performance (Standalone)

The company operates in two reportable segments:

Power Transmission Solution (PTS):

  • Q2 FY27 Revenue: ₹165.87 crore
  • Q2 FY27 Segment Results: ₹209.72 crore

New Renewable Energy (NRE):

  • Q2 FY27 Revenue: ₹4.18 crore
  • Q2 FY27 Segment Results: ₹78.04 crore

Key Balance Sheet Items (Standalone as of September 30, 2026)

  • Total Assets: ₹817.19 crore (vs ₹580.50 crore as of March 31, 2026)
  • Total Equity: ₹289.02 crore (vs ₹261.26 crore as of March 31, 2026)
  • Borrowings (Non-current + Current): ₹241.81 crore (vs ₹88.38 crore as of March 31, 2026)
  • Cash and Cash Equivalents: ₹17.71 crore (vs ₹21.66 crore as of March 31, 2026)

Management Changes

The Board approved the appointment of Mr. Vimal Kishore Yadav as Chief Operating Officer (Senior Management Personnel) effective October 30, 2026. Mr. Yadav brings nearly two decades of experience in energy infrastructure and business transformation, having previously worked at Energy Efficiency Services Limited (EESL).

ESOP Grants

The Nomination and Remuneration Committee approved 1,515 stock option grants under the Advait Employee Stock Option Plan 2022 on October 30, 2026. Key terms:

  • Each option convertible into 1 equity share of face value ₹10
  • Exercise Price: ₹10 per share (face value)
  • Vesting Period: 1 or 3 years
  • Exercise Period: 1 year or 3 years from date of last vesting

Subsidiary Investments

Advait Unified Renewable Assets Private Limited (AURA):

  • Acquired 1,000 additional shares at ₹10 per share for total consideration of ₹10,000
  • Post-acquisition holding increased to 90% (9,000 shares)
  • AURA incorporated on April 27, 2026, with authorized capital of ₹1 lakh
  • Business: Generation of electricity through non-conventional sources
  • Expected completion date: February 28, 2027

Advait Greenergy Private Limited (AGPL):

  • Acquired 12,733 additional shares at issue price of ₹10 face value plus premium of ₹24,990 per share
  • Total consideration: ₹7.96 crore (₹795.81 lakh)
  • Post-acquisition holding increased to 79.65%
  • AGPL incorporated on July 4, 2023
  • FY26 Turnover: ₹268.63 crore, PAT: ₹10.42 crore, Networth: ₹84.97 crore
  • Business: New and Renewable Energy
  • Allotment date: October 26, 2026

Meeting Details

The Board meeting commenced at 1:37 PM and concluded at 4:25 PM on October 30, 2026.

Cash Flow Highlights (Standalone H1 FY27)

  • Net Cash from Operating Activities: (₹0.79) crore
  • Net Cash used in Investing Activities: (₹145.26) crore
  • Net Cash from Financing Activities: ₹133.24 crore
  • Net decrease in Cash and Equivalents: (₹12.81) crore

Capital Structure

  • Paid-up Equity Share Capital: ₹10.95 crore (10,950,400 equity shares of ₹10 each)
  • No change in capital structure during the quarter other than minor increase from ₹10.94 crore