Advait Energy Transitions Limited (NSE: AETL) reported a 66% year-on-year increase in consolidated profit after tax (PAT) to ₹14.80 crore for the first quarter of FY27, supported by higher revenue from its Power Transitions business and continued growth in its New & Renewable Energy portfolio.
The company’s consolidated revenue from operations rose 48.1% year-on-year to ₹179.27 crore in the quarter ended June 30, 2026, from ₹121.06 crore in Q1 FY26. Consolidated profit before tax increased 63.1% to ₹20.92 crore from ₹12.83 crore a year earlier.
The results were reviewed by the Audit Committee and approved by the company’s Board of Directors on August 7. The statutory auditors conducted a limited review of the quarterly results.
Power Transitions leads revenue growth
Advait’s Power Transitions division remained the largest contributor to consolidated revenue during the quarter. The segment generated ₹127.22 crore in revenue, compared with ₹75.99 crore in Q1 FY26, representing growth of nearly 67%.
The segment recorded a consolidated result of ₹21.43 crore for the quarter.
The New & Renewable Energy business generated ₹52.06 crore in segment revenue, compared with ₹45.07 crore in the year-ago period. Its segment result stood at ₹4.01 crore.
The contrasting pace of growth between the two businesses highlights the current composition of Advait’s operations. While Power Transitions continues to provide the bulk of revenue, the company is expanding its exposure to energy storage and other emerging clean-energy technologies.
Advait’s consolidated financials include its businesses across Advait Greenergy, Advait Transmission Tools, Advait Unified Renewable Assets, Advait Carbon Advisory & Renewables Assets and Advait Battery Ecosystems, along with its joint venture TG Advait India.
Standalone performance also strengthens
The company recorded faster growth at the standalone level. Revenue from operations increased 76.1% year-on-year to ₹129.34 crore in Q1 FY27, compared with ₹73.46 crore in Q1 FY26.
Standalone profit before tax rose to ₹16.95 crore from ₹10.57 crore, while standalone PAT increased 57.7% to ₹12.63 crore from ₹8.01 crore.
On a consolidated basis, PAT before the share of profit or loss from joint ventures and associates increased 61.2% to ₹15.63 crore from ₹9.69 crore.
The increase in consolidated PAT after accounting for associates and joint ventures was higher at 65.8%, reflecting the broader contribution of the company’s business portfolio.
Manufacturing capacity expands
A key development during the quarter was the commencement of operations at Advait’s integrated manufacturing facility at Gangad in Ahmedabad.
According to the company, the facility will manufacture a range of products and systems covering Emergency Restoration Systems (ERS), stringing equipment, specialised conductors, Optical Fibre Ground Wire (OPGW) and Battery Energy Storage Systems (BESS).
The BESS manufacturing capability will include containerised and commercial and industrial (C&I) solutions, with annual manufacturing capacity of up to 2.8 GWh.
Shalin Sheth, Founder and Managing Director of Advait Energy Transitions, said the facility is expected to strengthen manufacturing capabilities, improve operating efficiencies and support the company’s expansion across strategic product lines.
The facility comes as Advait attempts to broaden its position beyond conventional power transmission infrastructure and participate in segments associated with India’s energy transition.
Asset base expands
Advait’s consolidated segment assets stood at ₹798.71 crore as of June 30, up from ₹667.06 crore at the end of FY26.
The New & Renewable Energy segment accounted for a significant portion of the increase, with segment assets rising to ₹239.07 crore from ₹141.74 crore as of March 31, 2026. Power Transitions segment assets stood at ₹559.65 crore.
The increase indicates continued investment in the company’s newer energy businesses alongside its established transmission operations.
Advait Energy Transitions, formerly known as Advait Infratech, is headquartered in Ahmedabad and operates across power transmission infrastructure, renewable energy, BESS, green hydrogen and clean-energy technologies. Its operations span engineering, procurement and construction (EPC), manufacturing and energy infrastructure solutions.
The Q1 results give the company a stronger start to FY27, with growth led by its established Power Transitions business while investments in manufacturing and renewable-energy assets position it for a larger role in India’s expanding energy-transition market.
