Intimation of Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2025 and Dividend Declaration
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Advait Energy Transitions Ltd's board approved audited results for Q4 and FY25 on May 12, 2025. Consolidated revenue from operations nearly doubled to Rs. 39,910.91 lakh (vs Rs. 20,884.61 lakh in FY24), while consolidated profit after tax rose to Rs. 3,205.35 lakh (vs Rs. 2,187.99 lakh). Standalone revenue grew to Rs. 29,548.09 lakh and standalone PAT rose to Rs. 3,149.37 lakh, with EPS of Rs. 29.57. The board recommended a dividend of Rs. 1.75 per equity share. Statutory auditor V. Goswami & Co. gave an unmodified opinion on standalone results but a qualified opinion on consolidated results, citing a Rs. 103.45 lakh material error in FY 2020-21 imports at joint venture TG Advait India Pvt Ltd, which management has deferred correcting. Additionally, 7,297 ESOP grants were approved under ESOP 2022, and M/s RPSS & Co. was appointed as Secretarial Auditor for five years from FY 2025-26.
Strong topline and bottomline growth with a maiden dividend signals robust business expansion, but the qualified audit opinion on consolidated results—due to an unresolved error in a joint venture—adds a note of caution on financial reporting quality and may raise governance concerns among investors.