Advait Energy Transitions Posts Robust Q3 and 9MFY26 Performance on Strong EPC Execution and Renewable Expansion

Advait Energy Transitions Limited (AETL) has reported strong financial and operational performance for the third quarter and nine months ended FY26, driven by robust execution across its Power Transmission Solutions and New & Renewable Energy businesses.

For the nine months ended FY26, the company recorded consolidated revenue from operations of ₹486.33 crore, marking a sharp 138 percent year-on-year (YoY) growth. Consolidated EBITDA for the period stood at ₹64.52 crore, reflecting an 82 percent YoY increase, while Profit After Tax (PAT) rose 90 percent YoY to ₹36.50 crore. The growth was supported by steady scaling of transmission infrastructure projects and increasing traction in renewable energy initiatives.

During Q3FY26, consolidated revenue reached ₹211.03 crore, registering a 114 percent YoY growth and a 35 percent quarter-on-quarter (QoQ) increase. EBITDA for the quarter stood at ₹28.75 crore, up 67 percent YoY and 48 percent QoQ. PAT for Q3FY26 came in at ₹17.39 crore, reflecting 78 percent YoY growth and a 71 percent QoQ rise, supported by strong EPC project execution and expanding renewable energy installations.

On a standalone basis, AETL posted revenue of ₹293.63 crore for 9MFY26, reflecting a 47 percent YoY growth. Standalone EBITDA increased 53 percent YoY to ₹54.79 crore, while PAT grew 41 percent YoY to ₹30.82 crore, demonstrating improved operating leverage and scale benefits from higher project volumes.

For Q3FY26, standalone revenue stood at ₹124.71 crore, up 32 percent YoY and 31 percent QoQ. EBITDA for the quarter reached ₹22.64 crore, marking 33 percent YoY growth and 25 percent QoQ growth, while PAT stood at ₹12.51 crore, reflecting 20 percent YoY growth and 21 percent sequential improvement.

As of December 31, 2025, Advait Energy Transitions’ consolidated order book stood at ₹1,048 crore, reflecting a 132 percent YoY increase. Power Transmission Solutions accounted for 84 percent of the order book, while New & Renewable Energy contributed the remaining 16 percent, providing strong revenue visibility for the coming quarters.

Operational Highlights

During the quarter, the company continued to advance its upcoming multi-integrated manufacturing facility at Sanand, Gujarat, which is designed to expand production across power transmission, renewable energy, energy storage, and hydrogen systems. The facility is expected to commence operations in Q3FY27, strengthening Advait’s focus on scale, integration, and domestic manufacturing.

Operationally, Advait secured a major EPC contract worth approximately ₹216 crore from Paschim Gujarat Vij Company Limited (PGVCL) for the reconductoring of 11 kV distribution lines, reinforcing its leadership in large-scale power distribution infrastructure. The company also executed multiple complex EPC projects, including MVCC conductor installations, underground cabling, and live-line OPGW deployments.

In the renewable energy segment, Advait commissioned and energised 12.5 MW of a 100 MW solar EPC project at Khavda under a major renewable energy park. The company also commenced execution of its first 50 MWh / 100 MW Battery Energy Storage System (BESS) project awarded by Gujarat Urja Vikas Nigam Limited (GUVNL) under a 12-year build-own-operate (BOO) concession, marking its entry into long-duration energy storage infrastructure.

Advait further expanded its energy transition capabilities across green hydrogen, electrolyzers, fuel cells, and energy storage. Its subsidiary, Advait Greenergy Private Limited (AGPL), completed a 1 MW green hydrogen plant in Gujarat and a 67.1 MWp ground-mounted solar project under IPP mode, while also progressing on large-scale BESS installations at Radhanpur.

The company also strengthened its technology ecosystem through strategic collaborations at India Energy Week 2026 with global technology partners for alkaline exchange membrane (AEM) and proton exchange membrane (PEM) electrolyzer technologies and hydrogen storage systems. Additionally, Advait entered into a licensing agreement with AVL List GmbH, Austria, for fuel cell manufacturing in India.

Commenting on the performance, Shalin Sheth, Managing Director and Founder of Advait Group of Companies, said the strong order book growth and execution momentum reflect the company’s diversified capabilities across power transmission and energy transition segments. He added that the Union Budget’s emphasis on energy security, renewable capacity expansion, and grid strengthening provides strong long-term growth opportunities for the sector.