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.

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.