Advait Energy FY26 profit rises, order book grows 159%

Advait Energy Transitions Limited has reported its audited consolidated financial results for the quarter and year ended March 31, 2026, recording a significant increase in net profit. The company posted a consolidated net profit of ₹1,907.50 lakh for Q4 FY26, compared to ₹1,285.61 lakh in the corresponding period of the previous year. Revenue from operations for the quarter rose to ₹22,819.68 lakh from ₹19,331.55 lakh year-on-year. For the full fiscal year, the net profit stood at ₹5,506.53 lakh, while total revenue reached ₹71,452.44 lakh. The company's market capitalization stood at ₹1,825 Cr as of March 31, 2026.

Order Book and Strategic Developments

The company's unexecuted order book reached ₹1,304 crore as of March 31, 2026, representing a 159% year-on-year growth. The Power Transmission Solutions (PTS) segment contributed 64% to the order book, while the New and Renewable Energy (NRE) segment accounted for 36%. The order book has grown at a 107% CAGR over the last four years. Strategic developments include the commissioning of a 75 MW solar EPC project in Q4 FY26 and the execution of a 50 MWh / 100 MW Battery Energy Storage System (BESS) project for GUVNL, scheduled for commissioning in Q3 FY27. The company also signed MoUs with Wuhan Huagong International Development Co., Ltd, VJ Industries, CENMAT, and Power to Hydrogen, Inc. to enhance capabilities in BESS and green hydrogen.

Dividend and Board Approvals

The Board of Directors, at its meeting held on May 27, 2026, recommended a dividend of ₹2.00 per equity share of ₹10 each for the financial year ended March 31, 2026, subject to shareholder approval. Additionally, the Board approved the audited standalone and consolidated financial results for the period. The Nomination and Remuneration Committee approved the grant of 11,011 stock options under the Advait Employee Stock Option Plan 2022. The Board also appointed M/s. Nautam R. Vakil & Co., Chartered Accountants, as internal auditors for FY27.

Financial Performance

The company's standalone net profit for Q4 FY26 was ₹1,542.36 lakh, an increase from ₹970.01 lakh in the same quarter last year. Standalone revenue for the quarter was ₹15,405.43 lakh, compared to ₹9,537.68 lakh in the prior year. Earnings per share (EPS) on a consolidated basis for the quarter improved to ₹16.15 (basic) from ₹10.65 in the previous year. The company reported a net debt position of -₹4.44 crore for FY26.

Auditor and Regulatory Compliance

M/s. V. Goswami & Co., Chartered Accountants, the statutory auditors, issued an unmodified opinion on the standalone financial results. For the consolidated results, the auditors issued a Statement of Impact Qualification. The results were reviewed by the Audit Committee and approved by the Board pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted a change in accounting policy for its joint venture, TG Advait India Private Limited, adopting the equity method of accounting from Q1 FY26, with comparative figures restated accordingly.

Metric	Q4 FY26 (Consolidated)	Q4 FY25 (Restated)	YoY Change
Net Profit	₹1,907.50 lakh	₹1,285.61 lakh	Increase
Revenue from Operations	₹22,819.68 lakh	₹19,331.55 lakh	Increase
Basic EPS	₹16.15	₹10.65	Increase
Dividend Recommended	₹2.00 per share	-	-

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.53%	+7.76%	+27.63%	+72.22%	+72.22%	+72.22%

Advait Energy Transitions Limited has signed a Memorandum of Understanding (MoU) with TECO Fuel Cell Technology AS, Norway, marking a significant step in the company's hydrogen energy strategy. The agreement was executed on May 18, 2026, on the sidelines of the 3rd India-Nordic Summit held in Oslo, Norway. The partnership aims to enable local production of hydrogen fuel cells across power, transport, and maritime sectors.

High-Profile Signing Ceremony

The MoU was signed by Mr. Shalin Sheth, Promoter and Managing Director of Advait Energy Transitions, and Mr. Tore Enger, Executive Chairman of TECO Maritime Group and Chief Executive Officer of TECO Fuel Cell Technology AS. The signing ceremony was witnessed by the Prime Minister of India, Shri Narendra Modi, and the Prime Minister of Norway, Mr. Jonas Gahr Støre, underscoring the diplomatic significance of the collaboration.

Strategic Alignment with National Missions

The MoU is designed to align with the Government of India's Atmanirbhar Bharat initiative and the National Green Hydrogen Mission. The collaboration is focused on enabling domestic manufacturing capability through knowledge transfer and joint engineering in hydrogen fuel cell technology, positioning Advait Energy Transitions as a participant in India's green hydrogen ecosystem.

Target Sectors and Production Timelines

The partnership covers three key application areas, each with distinct development and production timelines. The following table outlines the sectors and their respective targeted production schedules:

Sector:	Details	Targeted Production
Stationary Power Applications:	Including data centre systems	Q1 CY2027
Heavy-Duty Transport & Mobility:	Transport and mobility applications	Q1 CY2028
Maritime & Shipping:	Development alongside mobility applications	Through CY2028

Regulatory Disclosure

The company disclosed the MoU to stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Advait Energy Transitions noted that, as the current agreement is an MoU, specific disclosures as per SEBI Circular No. HO/49/14/14(7)2025-CFDP0D2/I/3762/2026 dated January 30, 2026, will be filed once a specific agreement with the respective party is executed with full details, as required. The disclosure was signed by Deepa Fernandes, Company Secretary and Compliance Officer.