Advait Energy Transitions FY26 Revenue Up 52%

Revenue from Operations: ₹447.69 Cr (FY25: ₹295.48 Cr), up 52% YoY
Total Income: ₹457.63 Cr (FY25: ₹302.84 Cr), up 51% YoY
EBITDA (Excluding Other Income): ₹70.65 Cr (FY25: ₹46.84 Cr), up 51% YoY
EBITDA Margin: 15.78% (FY25: 15.85%)
Profit After Tax: ₹46.24 Cr (FY25: ₹31.49 Cr), up 47% YoY
PAT Margin: 10.33% (FY25: 10.66%)
EPS: ₹42.41 (FY25: ₹29.57)

Revenue from Operations: ₹154.05 Cr (Q4FY25: ₹95.38 Cr), up 62% YoY
Total Income: ₹156.82 Cr (Q4FY25: ₹99.68 Cr), up 57% YoY
EBITDA (Excluding Other Income): ₹23.03 Cr (Q4FY25: ₹14.01 Cr), up 64% YoY
EBITDA Margin: 14.95% (Q4FY25: 14.69%)
Profit After Tax: ₹15.42 Cr (Q4FY25: ₹9.70 Cr), up 59% YoY
PAT Margin: 10.01% (Q4FY25: 10.17%)

Total Debt: ₹121.20 Cr
Cash and Bank Balance: ₹110.43 Cr
Bank Deposits (with >12m maturity held as margin money): ₹8.65 Cr
Investments: ₹6.56 Cr
Total Cash and Bank Balance (including deposits and investments): ₹125.64 Cr
Net Debt: -₹4.44 Cr (net cash position)

Secured Supply of ERS order amounting ~₹17 Cr from MSETCL
Secured first EPC Order in Uttarakhand amounting ~₹23.5 Cr from PTCUL for Reconductoring of Old ACSR Conductor to HTLS Conductor
Received EPC order amounting ~₹27.9 Cr from GETCO for Reconductoring of Old ACSR Conductor to HTLS Conductor
Secured largest Orderbook in tools business during Q4 Approx ₹22.7 Cr from Various EPC Clients
Received NABL lab approval at Manufacturing Facility at Kadi for OPGW, ERS and Stringing Tools Manufacturing business
Received OPGW Product supplies approval from 3 New State Utilities Boards (cumulatively 10 State Utilities Boards during the year)

Stringing Tools: ₹73.54 Cr (16% of revenue, +54% YoY)
ERS Reconductoring: ₹6.50 Cr (1% of revenue, -38% YoY)
HTLS Projects: ₹41.33 Cr (9% of revenue, +27% YoY)
OPGW: ₹59.14 Cr (13% of revenue, -38% YoY)
Liveline Projects/Power DISCOM Projects: ₹223.18 Cr (50% of revenue, +145% YoY)

Battery Energy Storage System (BESS): Secured first BESS project from GUVNL for 50 MWh/100 MW on BOO basis with approx. project cost of ₹141 Cr and concession period of 12 years. Project execution commenced in Q3FY26, scheduled for commissioning in Q3FY27.
Solar EPC: Commissioned and energized 75 MW out of 100 MW capacity under Adani's 30 GW Renewable Energy Park. Remaining 25 MW expected by May 31, 2026. Another 67.5 MW under KP's Khavda Project likely commissioned by June 2026.
Approximately 100 MW of ground mounted solar EPC projects in final stages of award with private sector players.

New multi-integrated manufacturing facility at Gangad (near Dholera), Gujarat for new product lines and capacity expansion
Facility expected to be fully operational by Q4FY27
Expanding existing PTS manufacturing facility to enhance capacity for tools, ERS and high ampacity specialised conductors
Establishing greenfield manufacturing facility with 300 MW capacity for indigenous electrolysers
Manufacturing facility for 2.5 Gwh BESS
Setting up assembly line for advanced fuel cell technology

Diversified Carbon Credits and I-RECs portfolio across Verra-VCS, UCR and Evident (I-REC)
Operational and pipeline projects aggregating 1,200+ MW of RE/I-REC capacity
Approximately 5 Mn carbon credits/I-RECs under issuance
Estimated revenue potential of ₹35 Crores over total crediting period

Revenue from Operations: ₹267.38 Cr (FY25: ₹102.08 Cr), up 162% YoY
Total Income: ₹268.63 Cr (FY25: ₹102.88 Cr), up 161% YoY
EBITDA (Excluding Other Income): ₹13.48 Cr (FY25: ₹4.49 Cr), up 200% YoY
EBITDA Margin: 5.04% (FY25: 4.40%)
Profit After Tax: ₹10.60 Cr (FY25: ₹3.11 Cr), up 241% YoY
PAT Margin: 3.96% (FY25: 3.05%)
EPS: ₹4,037.53 (FY25: ₹2,160.84)

Revenue from Operations: ₹74.51 Cr (Q4FY25: ₹97.94 Cr), down 24% YoY
Total Income: ₹74.82 Cr (Q4FY25: ₹98.22 Cr), down 24% YoY
EBITDA (Excluding Other Income): ₹5.88 Cr (Q4FY25: ₹5.48 Cr), up 7% YoY
EBITDA Margin: 7.89% (Q4FY25: 5.59%)
Profit After Tax: ₹4.53 Cr (Q4FY25: ₹4.55 Cr), down 0.4% YoY
PAT Margin: 6.09% (Q4FY25: 4.65%)

Established first fully dedicated, standalone assembly facility for Alkaline Electrolyser Assembly and BoP Fabrication
Capacity from 250 kW single stack to 5 MW capacity for Electrolysers
20 MW capacity for BoP module
30 MW annual capacity
Serves as technology transfer platform with Chinese partner Jiangsu Guofu
Designed to scale beyond 30 MW to 100 MW and 300 MW

Revenue from Operations: ₹714.52 Cr (FY25: ₹397.66 Cr), up 80% YoY
Total Income: ₹727.25 Cr (FY25: ₹404.62 Cr), up 80% YoY
EBITDA (Excluding Other Income): ₹83.78 Cr (FY25: ₹51.17 Cr), up 64% YoY
EBITDA Margin: 11.73% (FY25: 12.87%)
Profit After Tax: ₹58.08 Cr (FY25: ₹33.24 Cr), up 75% YoY
PAT Margin: 7.71% (FY25: 8.05%)

Revenue from Operations: ₹228.20 Cr (Q4FY25: ₹193.32 Cr), up 18% YoY
Total Income: ₹231.40 Cr (Q4FY25: ₹196.74 Cr), up 18% YoY
EBITDA (Excluding Other Income): ₹28.78 Cr (Q4FY25: ₹19.28 Cr), up 49% YoY
EBITDA Margin: 12.61% (Q4FY25: 9.97%)
Profit After Tax: ₹19.96 Cr (Q4FY25: ₹12.89 Cr), up 55% YoY
PAT Margin: 8.36% (Q4FY25: 6.65%)

AGPL signed MoUs at India Energy Week 2026 with:

1. VJ Industries: Collaboration on hydrogen storage systems for green hydrogen projects

2. CENMAT: Deployment of PEM and AEM electrolyser technologies

3. Power to Hydrogen, Inc.: Collaboration on AEM electrolyser-based green hydrogen projects

Unexecuted Order Book as of March 31, 2026: ₹1,304 Cr
YoY Growth: 159%
4-Year CAGR: 107%
Segment Mix: PTS Division 64% (₹834.3 Cr), NRE Division 36% (₹469.3 Cr)
Quarterly Progression: Q4FY25: ₹503.8 Cr, Q3FY26: ₹1,048.0 Cr, Q4FY26: ₹1,303.6 Cr

Market capitalization stood at ₹1,825 Cr as of March 31, 2026
Company successfully migrated and got listed on NSE Stock Exchange during the quarter

Targeting additional order inflows in remaining months of financial year
Plans to strengthen PTS business by expanding installed capacity through greenfield projects
Introducing new niche products to enhance market share
New facility expected to be fully operational by Q4FY27
Entered BESS manufacturing space in Energy Transition segment
Partnered with global technology leaders to develop indigenous electrolysers and fuel cells