Advait Energy Transitions Limited has informed the Exchange about General Updates - Clarification
ADVAIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Advait Energy Transitions Limited has issued a clarification to correct a clerical error in their earlier filing. The company stated that their statutory auditors, M/s. V. Goswami & Co., issued an unmodified (clean) audit opinion on the audited financial results for Q4 and FY ended March 31, 2026 - both standalone and consolidated. The earlier cover letter incorrectly mentioned a qualification, which was not actually present. Standalone revenue grew 51.5% to ₹44,769 lakh and PAT grew 46.8% to ₹4,624 lakh. Consolidated revenue grew 79.7% to ₹72,725 lakh and PAT grew 71.9% to ₹5,507 lakh. The company also changed its accounting policy for joint venture investments from proportionate consolidation to equity method, requiring restatement of prior period figures.
The clarification removes any concern about audit qualifications - the company received a clean audit opinion. Strong revenue and profit growth across both standalone and consolidated financials, with notable expansion in the New & Renewable Energy segment.