Advait Energy Transitions Limited has reported strong financial performance for the second quarter and first half of FY27, registering significant growth in revenue, profitability and order book. The Ahmedabad-based power transmission and energy transition company announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
On a consolidated basis, the company recorded revenue from operations of ₹220.9 crore in Q2 FY27, marking a 40.8% increase compared to ₹156.9 crore in the corresponding quarter of the previous financial year. For the first half of FY27, consolidated revenue increased by 45.4% to ₹400.2 crore from ₹275.3 crore in H1 FY26.
The company’s profitability also witnessed substantial improvement during the reporting period. Consolidated Profit After Tax (PAT) increased by 88.5% year-on-year to ₹19.18 crore in Q2 FY27, compared to ₹10.2 crore in Q2 FY26. For the first half, consolidated PAT rose by 77.9% to ₹34 crore. Consolidated EBITDA reached ₹31.9 crore during the quarter, registering an 84.4% growth compared to the corresponding period last year. The EBITDA margin expanded by 342 basis points to 14.45%, reflecting improved operational performance.
The standalone results also demonstrated strong growth. Revenue from operations increased by 78.1% year-on-year to ₹170.1 crore in Q2 FY27, while net profit grew by 66.1% to ₹17.1 crore. The company reported a debt-equity ratio of 0.86x, an interest coverage ratio of 5.73x and a Return on Equity of 20.87%. Its capital work-in-progress stood at ₹159.71 crore, indicating continued investment in business expansion and capacity development.
Advait’s order book reached ₹1,574.83 crore as of September 30, 2026, representing a 47% increase compared to the previous year. The Power Transmission Solutions (PTS) segment contributed 68% of the total order book, while New and Renewable Energy (NRE) accounted for the remaining 32%.
During the reporting period, the PTS segment secured orders worth approximately ₹462 crore, including underground cabling projects for PGVCL and Emergency Restoration Systems orders from MPPTCL and GETCO. In the renewable energy segment, the company received a ₹116 crore solar engineering, procurement and construction (EPC) order from KPI Green Energy for a 200 MW project.
The company is also strengthening its presence in the energy storage market through its subsidiary, Advait Battery Ecosystem Private Limited. The subsidiary is developing a 2.5 GWh Battery Energy Storage System (BESS) assembly facility across approximately 4,00,000 square feet in Gangad, Gujarat. The initiative is supported by a Master Supply Agreement with Hithium for the supply of up to 1 GWh of lithium iron phosphate (LFP) battery cells.
Commenting on the performance, Founder and Managing Director Mr. Shalin Sheth stated that the strong first-half results reflect the company’s focus on operational efficiency, execution discipline and grid modernization. He added that the company will continue prioritizing timely project execution, capacity expansion and working capital discipline to support sustainable growth and long-term value creation.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
