Advait Energy Transitions Limited announced its unaudited financial results for Q2 and H1 FY27 ended September 30, 2026. The results were filed with BSE Limited and National Stock Exchange of India Limited through a regulatory disclosure.

Financial Performance (Consolidated)

Q2 FY27 Performance:

  • Revenue from operations: ₹220.9 crore, up 40.8% YoY from ₹156.9 crore in Q2 FY26
  • EBITDA: ₹31.9 crore, up 84.4% YoY from ₹17.3 crore
  • EBITDA margin: 14.45%, expanded by 342 basis points from 11.04% YoY
  • Profit after tax: ₹19.18 crore, up 88.5% YoY from ₹10.2 crore
  • PAT margin: 8.68%, improved by 220 basis points from 6.49% YoY

H1 FY27 Performance:

  • Revenue from operations: ₹400.2 crore, up 45.4% YoY from ₹275.3 crore
  • EBITDA: ₹56.7 crore, up 82.6% YoY from ₹31.1 crore
  • EBITDA margin: 14.17%, expanded by 289 basis points from 11.28% YoY
  • Profit after tax: ₹33.99 crore, up 77.9% YoY from ₹19.1 crore
  • PAT margin: 8.49%, improved by 155 basis points from 6.94% YoY
  • EPS grew 78.64% to ₹29.53
  • Return on Equity: 20.87%

Financial Performance (Standalone)

Q2 FY27 Performance:

  • Revenue from operations: ₹170.1 crore, up 78.1% YoY from ₹95.5 crore
  • EBITDA: ₹28.1 crore, up 84.2% YoY from ₹15.2 crore
  • EBITDA margin: 16.50%, improved by 54 basis points from 15.95% YoY
  • Profit after tax: ₹17.1 crore, up 66.1% YoY from ₹10.3 crore
  • PAT margin: 10.06%, declined by 73 basis points from 10.79% YoY

H1 FY27 Performance:

  • Revenue from operations: ₹299.4 crore, up 77.2% YoY from ₹168.9 crore
  • EBITDA: ₹49.0 crore, up 83.0% YoY from ₹26.8 crore
  • EBITDA margin: 16.4%, improved by 52 basis points from 15.83% YoY
  • Profit after tax: ₹29.7 crore, up 62.4% YoY from ₹18.3 crore
  • PAT margin: 9.93%, declined by 91 basis points from 10.8% YoY

Operational and Financial Highlights

  • Consolidated EBITDA margin improved from 13.82% in Q1 FY27 to 14.45% in Q2 FY27, reflecting operating leverage
  • Capital work-in-progress: ₹159.71 crore, reflecting ongoing investments in capacity expansion
  • Debt-equity ratio: 0.86x
  • Interest coverage: 5.73x
  • Company focusing on working capital optimization and improved collections to strengthen operating cash flows

Order Book and Business Updates

  • Order book as of September 30, 2026: ₹1,574.83 crore, representing 47% year-on-year growth
  • Order book composition: Power Transmission Solutions (PTS) contributing 68%, New & Renewable Energy (NRE) accounting for 32%

Power Transmission Solutions Business:

  • Secured orders worth approximately ₹462 crore
  • Includes underground cabling for PGVCL
  • Emergency Restoration Systems orders from MPPTCL and GETCO

New & Renewable Energy Business:

  • Secured ₹116 crore solar EPC order for a 200 MW project from KPI Green Energy
  • Advait Battery Ecosystem Private Limited (subsidiary) setting up 2.5 GWh BESS assembly facility
  • Facility spread across approximately 4,00,000 square feet at Gangad, Gujarat
  • Supported by Master Supply Agreement with Hithium for up to 1 GWh of LFP battery cells

Management Commentary

Mr. Shalin Sheth, Founder and Managing Director, commented: \"The first half of FY27 has been encouraging, with strong revenue growth and a significant improvement in profitability. These results reflect our continued focus on execution, operational efficiency and strengthening the fundamentals of our business.\"

He further stated: \"Our Power Transmission Solutions (PTS) business remains central to our growth strategy, supported by sustained investments in transmission infrastructure, grid modernisation and renewable energy integration. We are focused on expanding our capabilities and enhancing our ability to serve a broader set of customers and projects.\"

Regarding future initiatives: \"At the same time, we are progressing our initiatives across New and Renewable Energy (NRE), with a focus on manufacturing of battery energy storage systems (BESS), electrolysers and Other Integrated renewable energy solutions. These areas represent important opportunities to build complementary capabilities and participate in India's evolving energy landscape.\"

Outlook: \"As we move into the second half of FY27, our focus will remain on timely execution, capacity expansion, working capital discipline and creating sustainable long-term value for our shareholders.\"

Company Background

Advait Energy Transitions Limited (formerly Advait Infratech Limited), established in 2009 and headquartered in Ahmedabad, Gujarat, provides products and solutions for power transmission, substation and telecommunication infrastructure. The company operates through two business segments:

1. Power Transmission Solutions: Manufactures and supplies stringing tools, OPGW, ACS wires, Emergency Restoration Systems and insulators, and executes EPC projects

2. New & Renewable Energy: Covers solar EPC, battery energy storage systems and green hydrogen