Advait Energy Transitions reports 88.5% growth in Q2 FY27 profit as order book reaches INR 1,575 crore

Advait Energy Transitions Ltd, an Indian power transmission and energy transition company, reported an 88.5% year-on-year increase in consolidated profit after tax (PAT) to INR 19.18 crore for the second quarter of fiscal year 2027 (Q2 FY27), compared with INR 10.2 crore in the corresponding quarter last year.

Consolidated revenue from operations rose 40.8% YoY to INR 220.9 crore. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 84.4% to INR 31.9 crore. Consolidated EBITDA margin improved to 14.45% in Q2 FY27.

For the first half of FY27, consolidated revenue increased 45.4% year-on-year to INR 400.2 crore, while EBITDA rose 82.6% to INR 56.7 crore. Consolidated PAT grew 77.9% to INR 34 crore.

The company’s order book stood at INR 1,574.83 crore as of Sep. 30, 2026, representing 47% year-on-year growth, with power transmission solutions (PTS) accounting for 68% and new and renewable energy (NRE) contributing 32%.

During Q2 FY 2027, the PTS business secured orders worth approximately INR 462 crore. These included underground cabling work for Paschim Gujarat Vij Co. Ltd (PGVCL) and emergency restoration system orders from Madhya Pradesh Power Transmission Co. Ltd (MPPTCL) and Gujarat Energy Transmission Corp. Ltd (GETCO).

The NRE business secured a solar engineering, procurement and construction (EPC) order worth INR 116 crore from KPI Green Energy for a 200 MW project.

Advait is also expanding its presence in the battery energy storage system (BESS) segment through its subsidiary, Advait Battery Ecosystem. Advait Battery Ecosystem is setting up a 2.5 GWh BESS assembly facility spread across approximately 400,000 square feet at Gangad, Gujarat, supported by a master supply agreement with Hithium for up to 1 GWh of LFP battery cells.

Shalin Sheth, founder and managing director, Advait Energy Transitions Ltd, said, “The first half of FY27 has been encouraging, with strong revenue growth and a significant improvement in profitability.”

Sheth said that power transmission solutions (PTS) business remains central to the company’s growth strategy, supported by sustained investments in transmission infrastructure, grid modernisation and renewable energy integration. He added that the company is progressing its initiatives across New and Renewable Energy (NRE), with a focus on manufacturing of battery energy storage systems (BESS), electrolysers and other integrated renewable energy solutions.

“As we move into the second half of FY27, our focus will remain on timely execution, capacity expansion, working capital discipline and creating sustainable long-term value for our shareholders,” said Sheth.