Advait Energy Transitions Limited has announced a significant credit rating upgrade from CRISIL Ratings Limited, marking a positive development in the company's financial standing. The rating agency published the revised ratings on March 2, 2026, reflecting improved creditworthiness across multiple parameters.

Credit Rating Enhancement Details

The rating upgrade encompasses both long-term and short-term facilities, demonstrating CRISIL's confidence in the company's financial stability and operational performance.

Facility Coverage Expansion

The total bank loan facilities rated by CRISIL have increased substantially from Rs 110 crore to Rs 405 crore. This significant expansion in rated facilities indicates the company's growing operational scale and enhanced borrowing capacity. The upgrade in both long-term and short-term ratings suggests improved financial metrics and operational efficiency.

Regulatory Compliance

Advait Energy Transitions Limited communicated this development to both BSE Limited and National Stock Exchange of India Limited on March 3, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company trades under the symbol ADVAIT on NSE and scrip code 543230 on BSE.

Corporate Information

The company, formerly known as Advait Infratech Limited, operates under CIN L45201GJ2010PLC059878 and maintains its corporate office in Ahmedabad. Company Secretary and Compliance Officer Deepa Fernandes signed the regulatory filing, confirming the rating upgrade information would be made available on the company's website at www.advaitgroup.co.in .

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.