Post Earnings Call Transcript for the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2025
ADVAIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Advait Energy Transitions reported strong H1 FY2026 results with consolidated revenue of INR 275 crores, up 160% year-on-year, and EBITDA of INR 31.06 crores (margin 11.3%), up 87%. Q2 FY2026 consolidated revenue surged 239% YoY to INR 156.87 crores, with PAT of INR 11.87 crores (up 163%). The order book crossed INR 1,000 crores, growing 177% YoY, with 76% from the Power Transmission System (PTS) business. Key wins include a INR 90 crore ERS order from Power Grid and a INR 100+ crore EPC order from DGVCL. Management highlighted a new integrated manufacturing facility near Ahmedabad to be ready by July 2026, along with a 300 MW electrolyzer plant under subsidiary Advait Greenergy. Credit rating was upgraded to CRISIL BBB+/Stable, and the company added 51% more shareholders, taking the count to 32,500. Management indicated no need for equity raising and expects to maintain PTS EBITDA margins at 14-16% while improving margins in the NRE (new and renewable energy) division.
Strong revenue growth and order book expansion signal robust near-term visibility, though the consolidated EBITDA margin declined from 25% standalone to 11% consolidated, suggesting margin pressure at the group level from the newer NRE business. The capex-heavy expansion into electrolyzers and BESS carries execution risk but positions the company for the energy transition theme.