Advait Energy Transitions Ltd (AETL), a Gujarat-based infrastructure and renewable energy company, reported consolidated revenue from operations of INR 486.33 crore for the first nine months of FY26 (9MFY26), up 138% year on year.
Consolidated EBITDA for 9MFY26 stood at INR 64.52 crore, reflecting an 82% YoY increase. Profit after tax for the period stood at INR 36.50 crore, a 90% YoY growth.
For Q3FY26, consolidated revenue reached INR 211.03 crore, representing 114% YoY growth. Profit after tax rose 78% YoY to INR 17.39 crore. The quarter saw strong contribution from execution of EPC projects, growing traction in renewable energy installations, and ongoing expansion across strategic segments.
As of Dec. 31, 2025, Advait’s consolidated order book stood at INR 1,048 crore, reflecting a 132% year-on-year increase. Power transmission solutions contributes 84% of the order book, while new & renewable energy accounts for 16%. The company said a strong order book provides healthy revenue visibility and supports its continued expansion plans.
Commenting on the performance, Shalin Sheth, managing director & founder of Advait Group of Companies, stated that the strong order book growth and execution momentum reflect the company’s diversified capabilities across transmission infrastructure and energy transition segments. He highlighted that the recent Union Budget’s focus on energy security, renewable capacity expansion, and grid strengthening provides strong long-term tailwinds for the sector.
Q3 FY2026 operational highlights
During the quarter, Advait Energy Transitions continued to strengthen its long-term growth platform with steady progress on its upcoming multi-integrated manufacturing facility at Sanand, Gujarat. The facility is designed to expand product lines and manufacturing capacity across power transmission, renewable energy, energy storage, and hydrogen systems, and is expected to commence operations in Q3FY27.
Operationally, the company secured an EPC order of approximately INR 216 crore from PGVCL for the reconductoring of 11 kV distribution lines. During the quarter, the company also executed multiple complex EPC projects across diverse project environments.
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, strengthening its presence in utility-scale solar EPC. The company also commenced execution of its first 50 MWh /100 MW battery energy storage system (BESS) project awarded by GUVNL, marking a significant milestone in its expansion into long-duration energy storage infrastructure.
During the quarter, the company’s subsidiary, Advait Greenergy completed a 1 MW green hydrogen plant in Gujarat and a 67.1 MWp ground-mounted solar project under IPP developer mode, while also progressing on large-scale BESS installations at Radhanpur.
Advait forged strategic collaborations with global technology players for AEM and PEM electrolyzer technologies and hydrogen storage systems. In addition, it entered into a licensing agreement with AVL List GmbH, Austria, for fuel cell manufacturing in India.
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