Tag

Advait Energy Transitions Limited

5 articles
Advait Energy Transitions concluded a strong fiscal year with a 55% year-over-year increase in Q4 profit to ₹20 crore, driven by an 18% revenue rise to ₹228 crore and a record ₹1,304 crore order book. Management anticipates continued momentum, projecting a revenue growth rate exceeding 40% for FY27 and committing to ₹300-350 crore in capital expenditure for new manufacturing facilities focused on battery energy storage systems and electrolysers. Concurrently, significant promoter activity has occurred, with Shalin Sheth acquiring a 9.14% stake from his spouse via gift and both Shalin and Rejal Sheth executing off-market share sales, potentially signaling shifts in ownership structure as the company navigates India's energy transition.