Advait Energy Revenue Rises 80 Percent to INR 714.52 Crore in FY26

Advait Energy Transitions Ltd. has reported a 79.68 percent year-on-year increase in consolidated revenue from operations to INR 714.52 crore in FY2025-26, while its order book rose 159 percent to approximately INR 1,304 crore.

The company reported consolidated Profit After Tax of INR 58.08 crore, up 75 percent year-on-year. EBITDA stood at INR 80.59 crore, including other income, on a standalone basis, while Return on Capital Employed was 23.10 percent on a standalone basis.

The company disclosed the financial and operational performance at its 16th Annual General Meeting held on September 21 through video conferencing and other audio-visual means.

Advait said that its order book was supported by an active tender pipeline of around INR 2,000 crore. The company is expanding its operations across manufacturing, renewable energy solutions, battery energy storage systems, green hydrogen technologies and EPC execution.

During FY26, Advait Greenergy Pvt. Ltd. initiated work on its initial 50 MW/100 MWh Battery Energy Storage System contract for Gujarat Urja Vikas Nigam Limited under a 12-year build-own-operate framework. The group subsequently secured a 150 MW/300 MWh BESS project in Junagadh, alongside ongoing installations in Radhanpur.

The company also commissioned the first phase of its alkaline electrolyser assembly plant in Mehsana, Gujarat, with an initial capacity of 30 MW. It plans to add a 100 MW second phase as part of a target to develop a 300 MW integrated hydrogen manufacturing hub.

Advait also completed a 1 MW green hydrogen facility in Gujarat and commissioned a 67.5 MW ground-mounted solar asset under the independent power producer model in Khavda.

The company said that it became the first domestic firm to demonstrate live testing of a 5 MW electrolyser with verified Specific Energy Consumption metrics.

Advait is also developing an integrated manufacturing hub at Gangad, with planned annual capacities of 12,000 circuit kilometres of specialised conductors, 2.5 GWh of BESS assembly and 300 MW of electrolyser production.

The company said that its strategy is to combine technology, manufacturing and EPC execution capabilities while selectively evaluating opportunities to develop and own energy assets. Such investments will be assessed on technical, commercial and financial parameters, with emphasis on sustainable cash flows and capital allocation.

At the AGM, Founder and Managing Director Shalin Sheth said that FY26 marked a year of strong execution and an evolution in the company's long-term strategy.

The company also highlighted its capital-market expansion. Its equity shares commenced trading on the National Stock Exchange on January 20, 2026, following its migration from the BSE SME platform to the BSE Main Board in July 2023.

The Board has recommended a maiden dividend of INR 2 per equity share for FY26, equivalent to 20 percent of the face value, subject to shareholder approval.

The AGM also considered resolutions covering the adoption of audited standalone and consolidated financial statements, dividend declaration, appointment and reappointment of directors, remuneration, investment and lending limits under Section 186 of the Companies Act, borrowing powers, loans to group entities and material related-party transactions.