Consolidated Financial Performance (Q2 FY27)

  • Operating Income: ₹220.9 Crore, up 40.8% YoY from ₹156.9 Crore in Q2 FY26
  • Operating EBITDA: ₹31.9 Crore, up 84.4% YoY from ₹17.3 Crore
  • Operating EBITDA Margin: 14.46%, an increase of 342 basis points from 11.04% in Q2 FY26
  • Profit After Tax (PAT): ₹19.2 Crore, up 88.5% YoY from ₹10.2 Crore
  • PAT Margin: 8.68%, an increase of 219 basis points from 6.49%
  • EPS (Basic): ₹16.79, up 91.4% YoY from ₹8.77

Consolidated Financial Performance (H1 FY27)

  • Operating Income: ₹400.2 Crore, up 45.4% YoY from ₹275.3 Crore in H1 FY26
  • Operating EBITDA: ₹56.7 Crore, up 82.6% YoY from ₹31.1 Crore
  • Operating EBITDA Margin: 14.17%, an increase of 289 basis points from 11.28%
  • Profit After Tax (PAT): ₹34.0 Crore, up 77.9% YoY from ₹19.1 Crore
  • PAT Margin: 8.49%, an increase of 155 basis points from 6.94%
  • EPS (Basic): ₹29.46, up 79.6% YoY from ₹16.41

Standalone Performance (AETL) Q2 FY27

  • 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%, up 54 bps from 15.95%
  • PAT: ₹17.1 Crore, up 66.1% YoY from ₹10.3 Crore
  • PAT Margin: 10.06%, down 73 bps from 10.79%

Subsidiary Performance (AGPL) Q2 FY27

  • Revenue from Operations: ₹50.9 Crore, down 17.1% YoY from ₹61.4 Crore
  • EBITDA: ₹3.9 Crore, up 86.0% YoY from ₹2.1 Crore
  • EBITDA Margin: 7.64%, up 424 bps from 3.40%
  • PAT: ₹2.9 Crore, up 86.2% YoY from ₹1.6 Crore
  • PAT Margin: 5.78%, up 321 bps from 2.57%

Key Operational and Strategic Developments in Q2 FY27

  • Power Transmission Solutions (PTS) secured new orders worth approximately ₹462 Crore. These include underground cabling for PGVCL and Emergency Restoration Systems orders from MPPTCL and GETCO.
  • New & Renewable Energy (NRE) won a ₹116 Crore solar EPC order for a 200 MW project from KPI Green Energy.
  • Order book as of September 30, 2026, stood at ₹1,574.83 Crore, a 47% increase YoY. The split is 68% PTS and 32% NRE.
  • Advait Battery Ecosystem Pvt. Ltd. is setting up a 2.5 GWh BESS assembly facility of about 4,00,000 sq. ft. at Gangad, Gujarat, backed by a Master Supply Agreement (MSA) with Hithium for up to 1 GWh of LFP battery cells.
  • Capital work-in-progress stood at ₹159.71 Crore, reflecting ongoing capacity investments.

Balance Sheet Highlights (Consolidated, H1-FY27)

  • Total Equity: ₹325.6 Crore (up from ₹290.9 Crore in FY26)
  • Total Borrowings (Non-Current + Current): ₹254.4 Crore (up from ₹89.3 Crore in FY26)
  • Debt-Equity Ratio: 0.86x
  • Interest Coverage Ratio: 5.73x
  • Trade Receivables: ₹249.6 Crore (up from ₹147.9 Crore in FY26)
  • Cash & Cash Equivalents: ₹28.9 Crore (up from ₹24.7 Crore in FY26)
  • Total Assets: ₹900.2 Crore (up from ₹667.1 Crore in FY26)

Business Overview

Advait operates across two main segments:

1. Power Transmission Solutions (PTS): Includes OPGW, ACS Wires, ERS, Stringing Tools, and High Ampacity Conductors (HAC) reconductoring.

2. New & Renewable Energy Solutions (NRE): Includes Battery Energy Storage (BESS) manufacturing and EPC, Green Hydrogen EPC (electrolysers, fuel cells), and Solar EPC.

The company has a manufacturing presence and is expanding with a new 4 lakh+ sq.ft. integrated facility.