Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025
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Advait Energy Transitions reported its unaudited Q1 FY26 results (quarter ended June 30, 2025) on August 5, 2025. Standalone revenue from operations rose to Rs. 7,345.69 lakh from Rs. 5,814.97 lakh in Q1 FY25, a growth of about 26%, though standalone profit after tax slipped to Rs. 801.06 lakh from Rs. 970.01 lakh. On a consolidated basis, revenue more than doubled to Rs. 11,843.21 lakh versus Rs. 5,965.39 lakh (restated), and consolidated profit after tax climbed to Rs. 892.89 lakh from Rs. 534.04 lakh, driven by a strong contribution from the New & Renewable Energy segment. The company also changed its accounting policy for the joint venture (TG Advait India) from proportionate consolidation to the equity method, leading to retrospective restatement of prior period numbers. Separately, the Board appointed retired IPS officer Mr. Tejpalsingh Bisht as Additional Director, re-appointed V. Goswami & Co. as Statutory Auditors for a second 5-year term, and allotted 5,631 equity shares to a non-promoter upon warrant conversion at Rs. 1,776 per share.
Strong top-line growth on a consolidated basis and healthy segment performance in renewables are positives, but the slight dip in standalone PAT and the loss from the joint venture are watchpoints. The warrant conversion and dividend record date (September 12, 2025) are routine corporate actions and unlikely to materially move the stock on their own.