Advait Energy Transitions Limited reported a 55% year-on-year increase in profit after tax (PAT) to INR19.96 crores for the quarter ended March 31, 2026, driven by strong execution across its power transmission and renewable energy segments. Revenue from operations for Q4FY26 rose 18% to INR228 crores from INR193 crores in the corresponding period of the previous year, while EBITDA grew 49% to INR28.78 crores. The board has recommended a dividend of INR2 per equity share for the financial year 2026, subject to shareholder approval.

For the full financial year FY26, the company recorded an 80% surge in revenue to INR714.52 crores compared to INR397.66 crores in FY25. Annual PAT increased by 75% to INR58.08 crores, and EBITDA rose 64% to INR83.78 crores. The order book reached an all-time high of INR1,304 crores, marking a 159% year-on-year growth, with 64% contributed by the power transmission solution business and 36% from the new and renewable business segment.

Financial Performance

The standalone financial performance for Q4FY26 showed revenue increasing by 62% year-on-year to INR154 crores. Standalone EBITDA for the quarter increased by 64% to INR23 crores, with margins standing at 15%. Standalone PAT for the quarter was INR10 crores, a 59% increase from the previous year. For the full year FY26, standalone revenue grew 52% to INR448 crores, while standalone PAT increased 47% to INR46 crores. The debt-equity ratio stood at 0.46 times as on March 31, 2026, compared to 0.23 times in the previous year.

Strategic Developments

During Q4FY26, the company secured several key orders, including an ERS supply order worth INR70 crores from MNRE and its first direct EPC order in Uttarakhand worth INR33 crores. It also received an EPC order of INR27 crores from GETCO for re-conductoring. The company received NABL laboratory certification for its manufacturing facility and OPGW product supplier approval from three new state utility boards.

Looking ahead, the company is developing a multi-integrated manufacturing facility near Dholera, expected to be operational by Q4 FY27. This facility will focus on battery energy storage systems (BESS) with a capacity of 2.5 gigawatthours and electrolyzers manufacturing with a Phase 1 capacity of 100 MW. Management expressed confidence in delivering sustained revenue growth of 40% plus, supported by a robust tender pipeline of opportunities worth INR2,000 crores.

Advait Energy Transitions ' subsidiary, Advait BESS Bhesaan Private Limited, has executed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) to develop a 150 MW/300 MWh standalone Battery Energy Storage System (BESS) project. The agreement was signed on June 1, 2026, and mandates the subsidiary to develop, own, and operate the facility near the 220kV Bhesan AIS S/S sub-station of GETCO in Gujarat. Under this long-term contract, the contracted battery energy storage capacity will be made available to GUVNL.

The project was secured through a tariff-based competitive bidding process conducted by GUVNL under Phase-VIII, supported by Viability Gap Funding (VGF) channeled through the Power System Development Fund (PSDF). The agreement stipulates a 12-year execution period from the effective date of signing the BESPA.

Key Details of the Agreement

The disclosure provided to the exchanges outlines the specific terms and nature of the contract awarded to the subsidiary.

The filing confirms that the order has been awarded by a domestic entity and falls outside the scope of related party transactions. Additionally, the promoter, promoter group, and group companies of Advait Energy Transitions do not hold any interest in GUVNL. The agreement was intimated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.