Advait Energy Transitions Limited (formerly known as Advait Infratech Limited) has announced a significant business development, securing a new order worth approximately ₹80.55 crore from Paschim Gujarat Vij Company Ltd (PGVCL). This contract win represents a major milestone for the energy sector firm and underscores its growing presence in the power infrastructure market.

Contract Details

The order, received on September 1, 2025, involves a comprehensive turnkey contract for the supply, installation, testing, and commissioning of 11 KV Medium Voltage Covered Conductor (MVCC) with its accessories and allied items. This project aims to create a robust network for reliable power supply in the 11KV feeder of PGVCL's Bhavnagar Circle under the System Improvement (SI) Scheme.

Project Scope and Timeline

The contract's scope encompasses:

• Supply of 11 KV Medium Voltage Covered Conductor (MVCC)
• Installation of the MVCC and related accessories
• Testing and commissioning of the entire system
• Creation of a robust network for reliable power supply

Advait Energy is expected to complete this project within a 12-month timeframe, demonstrating the company's capability to handle large-scale power infrastructure projects efficiently.

Financial Impact

The total value of the order stands at ₹80,55,15,731.02, inclusive of taxes. This substantial contract is likely to have a positive impact on Advait Energy's financial performance for the upcoming fiscal year.

Strategic Importance

This order from PGVCL, a domestic entity, highlights Advait Energy's strong position in the Indian power sector. It also reflects the growing demand for advanced power distribution solutions in India, particularly in enhancing the reliability and efficiency of existing power networks.

The successful execution of this project could potentially open doors for similar contracts in other regions, further solidifying Advait Energy's reputation as a key player in the energy infrastructure sector.

Compliance and Transparency

In line with regulatory requirements, Advait Energy has promptly disclosed this material development to the BSE Limited, adhering to the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. This transparency ensures that investors and stakeholders are kept informed about significant business developments that may impact the company's performance.

As Advait Energy Transitions Limited embarks on this new project, industry observers will be keenly watching its execution and the potential impact on the company's growth trajectory in the competitive energy infrastructure market.

Advait Energy Transitions Limited (AETL), formerly known as Advait Infratech Limited, has reported robust financial performance for the first quarter of fiscal year 2026, alongside a detailed statement on fund utilization from its recent preferential issue.

Q1 FY26 Financial Highlights

AETL's consolidated performance for Q1 FY26 showcases significant year-on-year growth:

• Total revenue surged by 99% to ₹118.43 crore, compared to ₹59.65 crore in Q1 FY25.
• EBITDA (excluding other income) grew by 71% to ₹13.75 crore, with an EBITDA margin of 11.61%.
• Profit After Tax (PAT) increased by 79% to ₹9.69 crore, with a PAT margin of 8.19%.

The company's standalone results also reflected strong growth:

• Total revenue increased by 26% to ₹73.46 crore, up from ₹58.15 crore in Q1 FY25.
• EBITDA (excluding other income) rose by 38% to ₹11.52 crore, with an EBITDA margin of 15.68%.
• PAT grew by 37% to ₹8.01 crore, with a PAT margin of 10.91%.

Segment Performance

AETL operates in two primary segments:

1. Power Transmission Solutions (PTS): Generated revenue of ₹75.99 crore in Q1 FY26, contributing 62.8% to the total revenue.
2. New & Renewable Energy Business (NRE): Reported revenue of ₹45.07 crore, accounting for 37.2% of the total revenue.

Fund Utilization from Preferential Issue

The company also reported on the utilization of funds raised through a preferential issue of equity and warrants:

As of June 30, 2025, the company had utilized:

• ₹30.99 crore from the equity issue
• ₹35.46 lakhs from warrant proceeds

The funds were allocated for:

1. Working capital requirements
2. Capital investment in plant and machinery
3. Subsidiary investments
4. General corporate purposes

AETL reported no deviation in fund utilization during the quarter, adhering to the planned allocation.

Management Commentary

Rejal Sheth, Whole-time Director & CFO, stated, "Our Q1 FY26 results demonstrate AETL's strong positioning in the energy transition space. With our robust order book of ₹757 crore as of June 30, 2025, we are confident in our ability to continue gaining market share and delivering value to all our stakeholders."

Future Outlook

The company's order book stood at ₹757 crore at the end of Q1 FY26, showing an 82% year-on-year increase. The Power Transmission Solutions division accounts for 66% of the order book, while the New & Renewable Energy division represents 34%.

AETL's management expressed optimism about maintaining similar growth in the Power Transmission Solutions division while anticipating that the New and Renewable Energy division may surpass it in the future.

The company's strategic focus on energy transition, coupled with its diverse business portfolio in power transmission and renewable energy, positions it well for continued growth in the evolving energy sector.