Statutory Auditors of the Company have issued Audit Report with unmodified opinion on the Audited Financial Results (Standalone and Consolidated) for the quarter and Financial Year ended ....
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Advait Energy Transitions Ltd has clarified that its statutory auditors, M/s. V. Goswami & Co., issued an UNMODIFIED (clean) audit opinion on both standalone and consolidated financial results for Q4 and FY ended March 31, 2026. An earlier filing contained a clerical error incorrectly stating a qualification. Standalone revenue grew 51% to Rs 44,769 Lakhs with PAT up 47% to Rs 4,624 Lakhs. Consolidated revenue rose 80% to Rs 72,725 Lakhs with PAT increasing 72% to Rs 5,507 Lakhs. The company also changed its accounting policy for a joint venture (TG Advait India) from proportionate consolidation to equity method, requiring restatement of prior period figures. Consolidated operating cash flow turned negative at Rs -968 Lakhs versus Rs 4,559 Lakhs positive in FY2025.
Clean audit opinion is positive for investor confidence. Strong revenue and PAT growth across both standalone and consolidated results, though the negative operating cash flow and accounting policy change warrant attention.