Advait Energy Transitions Limited (AETL), an integrated
energy solutions company operating across power transmission and new and
renewable energy, has commenced operations at its integrated manufacturing
facility at Gangad, Ahmedabad.
The facility will strengthen the company’s manufacturing
capabilities across multiple strategic product lines, including Emergency
Restoration Systems (ERS), stringing equipment, specialised conductors, Optical
Fibre Ground Wire (OPGW), and Battery Energy Storage Systems (BESS), covering
containerised and C&I solutions with annual manufacturing capacity of up to
2.8 GWh.
The announcement came as AETL reported its unaudited
financial results for the quarter ended June 30, 2026. The results were
reviewed by the Audit Committee and approved by the Board of Directors at its
meeting on August 7, 2026.
For Q1 FY27, Advait Energy Transitions reported consolidated
revenue from operations of Rs 1.79 billion, up 48.10 per cent from Rs 1.21
billion in Q1 FY26. Consolidated profit before tax increased 63.10 per cent to Rs
209.2 million from Rs 128.3 million. Consolidated PAT before the share of
JV/Associates rose 61.20 per cent to Rs 156.3 million from Rs 96.9 million,
while consolidated PAT after the share of JV/Associates increased 65.80 per cent
to Rs 148 million from Rs 89.3 million. At the standalone level, revenue from
operations grew 76.10 per cent to Rs 1.29 billion from Rs 734.6 million, while
PAT increased 57.70 per cent to Rs 126.3 million from Rs 80.1 million.
Advait’s core Power Transitions Division generated
consolidated segment revenue of Rs 1.27 billion during the quarter, compared
with Rs 759.9 million in Q1 FY26. The New & Renewable Energy business
contributed Rs 520.6 million, against Rs 450.7 million in the corresponding
quarter last year. Consolidated segment results stood at Rs 214.3 million for
Power Transitions and Rs 40.1 million for New & Renewable Energy.
The performance reflects Advait’s evolving business mix as
the company builds on its established power transmission capabilities while
developing its presence across emerging energy transition segments.
The company’s consolidated results include its businesses
across Advait Greenergy Private Limited, Advait Transmission Tools Private
Limited, Advait Unified Renewable Assets Private Limited, Advait Carbon
Advisory & Renewables Assets Private Limited and Advait Battery Ecosystems
Private Limited, along with its joint venture, TG Advait India Private Limited.
Commenting on the Q1 FY27 performance, Shalin Sheth, Founder & Managing Director, Advait Energy
Transitions Limited, said, “We have started FY27 with a healthy
performance, supported by continued execution in our Power Transitions business
and the growing contribution of our New & Renewable Energy portfolio.”
He added: “Further, we are excited to commence operations at
our integrated manufacturing facility at Gangad, Ahmedabad. This
state-of-the-art facility will strengthen our manufacturing capabilities across
multiple strategic product lines, including Emergency Restoration Systems
(ERS), stringing equipment, specialised conductors, Optical Fibre Ground Wire
(OPGW), and Battery Energy Storage Systems (BESS), comprising containerised and
C&I solutions with an annual manufacturing capacity of up to 2.8 GWh.”
“This integrated facility marks another significant
milestone in Advait’s growth journey. It will enhance our manufacturing
capabilities, improve operational efficiencies, strengthen our competitive
positioning, and support sustainable margin expansion, enabling us to continue
delivering long-term value to all our stakeholders,” Sheth said.
At the standalone level, Advait Energy Transitions reported
revenue from operations of Rs 1.29 billion, an increase of approximately 76 per
cent from Rs 734.6 million in Q1 FY26. Standalone profit before tax increased
to Rs 169.5 million from Rs 105.7 million, while profit after tax rose
approximately 58 per cent year-on-year to Rs 126.3 million from Rs 80.1
million.
The company’s consolidated segment assets stood at Rs 7.99
billion as of June 30, 2026, compared with Rs 6.67 billion as of March 31,
2026. New & Renewable Energy segment assets increased to Rs 2.39 billion
from Rs 1.42 billion at the end of FY26, while Power Transitions segment assets
stood at Rs 5.60 billion.
The Board also approved the unaudited standalone and
consolidated financial results for the quarter in accordance with applicable
SEBI regulations. The statutory auditors conducted a limited review of the
quarterly results.