Advait Energy Transitions Limited delivered strong financial performance in Q3FY26, demonstrating robust growth across its business segments during its earnings conference call held on February 12, 2026.

Financial Performance Highlights

The company reported impressive consolidated financial results for Q3FY26, showing significant year-on-year improvements across key metrics.

On a standalone basis, the company also demonstrated solid performance with revenue increasing 32% YoY to ₹124.71 crores in Q3FY26. Standalone EBITDA grew 40% YoY to ₹21.10 crores, while PAT increased 20% YoY to ₹12.51 crores.

Nine-Month Performance and Order Book Strength

For the nine months ended December 31, 2025, Advait Energy Transitions reported consolidated revenue of ₹486 crores, registering 138% YoY growth. EBITDA stood at ₹55 crores, up 74% YoY, with EBITDA margins at 11%. Profit after-tax reached ₹35 crores, reflecting 80% YoY growth with PAT margins at 7%.

The company maintained its order book above the ₹1,000 crores milestone, with 132% YoY growth. The order book composition shows approximately 84% contribution from the Power Transmission Solutions (PTS) division and 16% from the New and Renewable Energy (NRE) division.

Operational Achievements and Project Execution

During FY26, the company executed significant operational milestones including ₹59 crores of ACS and OPGW supplies and installation work, and supplied transmission tools worth ₹52.8 crores. Several critical EPC projects were completed ahead of schedule, strengthening the company's execution track record.

Key project highlights include:

• Completion of 30 MW solar project in Khavda
• Progress on 100 MW Adani project with 12.5 MW block completed
• Largest EPC order of ₹216 crores from PGVCL with revenue expected from Q4FY26

Strategic Expansion Plans

Advait Energy Transitions is implementing ambitious expansion plans aligned with its Advait 2030 vision. The company is establishing a multi-integrated Giga-factory complex for the NRE division along with capacity expansion for new product additions in the PTS division on the Ahmedabad–Dholera Expressway.

Electrolyzer Manufacturing Initiative

BESS Manufacturing Development

The company is targeting a 2.5 gigawatt hour BESS assembly plant to be commissioned by Q3FY27. The BESS business encompasses four key components: DC component supply (60-65% of project value), AC component supply, integration and installation, and O&M services (collectively 35% of project value).

Funding and Growth Strategy

To support its expansion plans, Advait Green Energy (subsidiary) is raising ₹90-100 crores without diluting Advait Energy Transitions' stake. The company expects to maintain its growth trajectory of 40-45% revenue growth, with the NRE division's contribution to the order book mix expected to increase by 5-10% annually.

Market Positioning and Future Outlook

Management expressed confidence in delivering sustained growth, citing strong tender pipeline of similar size to the current order book. The company's strategy prioritizes profitable growth over pure revenue expansion, focusing on the right mix of products and enhanced margins. The facility expansion is targeted for full commercialization by mid-2028, positioning the company for accelerated growth in the renewable energy sector.

Advait Energy Transitions Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, filing the results with BSE and NSE under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company, operating in power transmission and New & Renewable Energy segments, demonstrated strong operational performance across its business verticals.

Regulatory Filing and Compliance

The company filed its standalone and consolidated unaudited financial results with the stock exchanges on February 11, 2026. The results were duly reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on the same date, commencing at 01:10 p.m. and concluding at 02:45 p.m.

Financial Performance Overview

The company delivered robust quarterly results with substantial year-on-year improvements across key financial metrics:

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company maintained strong momentum:

Segment-wise Performance

The company operates through two primary business segments:

Power Transitions Division (PTS): Generated revenue of Rs 11,755.85 lakh in Q3FY26 compared to Rs 9,436.29 lakh in Q3FY25. For the nine-month period, PTS revenue reached Rs 28,546.31 lakh against Rs 20,010.41 lakh in the previous year.

New & Renewable Energy Business (NRE): Contributed Rs 715.58 lakh in Q3FY26, with nine-month revenue of Rs 816.84 lakh, representing a new revenue stream.

Consolidated Results

On a consolidated basis, the company reported stronger performance with total income of Rs 21,561.63 lakh for Q3FY26 compared to Rs 10,041.43 lakh in Q3FY25. Consolidated net profit attributable to owners reached Rs 1,659.06 lakh versus Rs 978.04 lakh in the previous year.

Corporate Developments

The company announced that its material subsidiary, Advait Greenergy Private Limited, is exploring fundraising options of approximately Rs 90 crores from various investors for future capex purposes. This initiative reflects the company's expansion plans and capital requirements for growth.

The paid-up equity share capital stood at Rs 1,093.74 lakh as of December 31, 2025, with a face value of Rs 10 per share. The results will be available on the company's website at www.advaitgroup.co.in .