Company Overview
Advait Energy Transitions Limited (formerly Advait Infratech Limited) reported exceptional FY26 performance with 80% YoY revenue growth to ₹714.52 crore and 75% PAT increase to ₹58.08 crore. The company achieved a record order book of ₹1,304 crore (up 159% YoY) and recommended its maiden dividend of ₹2 per share (20% of face value).
Financial Performance
Consolidated revenue reached ₹714.52 crore with EBITDA of ₹83.78 crore (up 63.71% YoY). The company maintained strong margins with EBITDA at 11.73% and demonstrated impressive 5-year CAGR of ~90% in revenue. Debt-to-equity ratio increased to 0.46 from 0.23, reflecting planned investments in expansion projects, while credit rating was upgraded to CRISIL A-/Stable.
Business Segments
Power Transmission Solutions (64% of order book): Generated ₹45,915.97 lakh revenue with segment results of ₹7,901.13 lakh. Key achievements include ₹90 crore ERS order from Power Grid, ₹463 crore DISCOM orders under RDSS, and execution credentials of 25,000+ km live-line installations.
New Renewable Energy (36% of order book): Delivered ₹26,808.80 lakh revenue with segment results of ₹1,395.41 lakh. Major developments include commissioning 30 MW electrolyser plant, developing 2.5 GWh BESS facility, and securing 200MW BESS projects with GUVNL.
Strategic Initiatives
The company completed significant group restructuring, transferring A&G Hydrogen Technologies and Advaiteco Technologies to subsidiary Advait Greenergy Private Limited, and increased its stake in AGPL to 69%. The Norwegian subsidiary was voluntarily wound up. The company migrated to NSE Main Board in January 2026 and is developing a 150,000 sqm manufacturing complex at Gangad, Ahmedabad.
Corporate Governance & Approvals
The Board seeks shareholder approval for ₹620 crore in related party transactions with subsidiaries, including equity investments and inter-corporate loans. The 16th AGM is scheduled for September 21, 2026, with record date of September 14, 2026 for dividend eligibility. The company maintains strong corporate governance with 7 directors (4 independent) and all required committees constituted.
Risk Factors & Contingencies
Key risks include commodity price volatility (aluminum, copper), execution risks at new facilities, working capital management, and technology maturity in new energy segments. Contingent liabilities increased to ₹36,278 lakh primarily due to higher bank guarantees and customs demand.
Future Outlook
With a tender pipeline of approximately ₹2,000 crore and strategic positioning in energy transition sectors, Advait Energy is well-positioned for continued growth. The company targets Phase 1 commissioning of its Gangad complex in Q4 FY27 and full commercialization by mid-2028, supporting its expansion into HTLS conductors, BESS, electrolysers, and fuel cells.