Advait Starts Ahmedabad Facility Operations

  • Industry News
  • Aug 14,26
Advait Energy Transitions has commenced operations at its integrated Gangad facility in Ahmedabad, as Q1 FY27 consolidated revenue rose 48 per cent YoY to Rs 1.79 billion.
Advait Starts Ahmedabad Facility Operations

Advait Energy Transitions Limited (AETL), an integrated energy solutions company operating across power transmission and new and renewable energy, has commenced operations at its integrated manufacturing facility at Gangad, Ahmedabad.

The facility will strengthen the company’s manufacturing capabilities across multiple strategic product lines, including Emergency Restoration Systems (ERS), stringing equipment, specialised conductors, Optical Fibre Ground Wire (OPGW), and Battery Energy Storage Systems (BESS), covering containerised and C&I solutions with annual manufacturing capacity of up to 2.8 GWh.

The announcement came as AETL reported its unaudited financial results for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting on August 7, 2026.

For Q1 FY27, Advait Energy Transitions reported consolidated revenue from operations of Rs 1.79 billion, up 48.10 per cent from Rs 1.21 billion in Q1 FY26. Consolidated profit before tax increased 63.10 per cent to Rs 209.2 million from Rs 128.3 million. Consolidated PAT before the share of JV/Associates rose 61.20 per cent to Rs 156.3 million from Rs 96.9 million, while consolidated PAT after the share of JV/Associates increased 65.80 per cent to Rs 148 million from Rs 89.3 million. At the standalone level, revenue from operations grew 76.10 per cent to Rs 1.29 billion from Rs 734.6 million, while PAT increased 57.70 per cent to Rs 126.3 million from Rs 80.1 million.

Advait’s core Power Transitions Division generated consolidated segment revenue of Rs 1.27 billion during the quarter, compared with Rs 759.9 million in Q1 FY26. The New & Renewable Energy business contributed Rs 520.6 million, against Rs 450.7 million in the corresponding quarter last year. Consolidated segment results stood at Rs 214.3 million for Power Transitions and Rs 40.1 million for New & Renewable Energy.

The performance reflects Advait’s evolving business mix as the company builds on its established power transmission capabilities while developing its presence across emerging energy transition segments.

The company’s consolidated results include its businesses across Advait Greenergy Private Limited, Advait Transmission Tools Private Limited, Advait Unified Renewable Assets Private Limited, Advait Carbon Advisory & Renewables Assets Private Limited and Advait Battery Ecosystems Private Limited, along with its joint venture, TG Advait India Private Limited.

Commenting on the Q1 FY27 performance, Shalin Sheth, Founder & Managing Director, Advait Energy Transitions Limited, said, “We have started FY27 with a healthy performance, supported by continued execution in our Power Transitions business and the growing contribution of our New & Renewable Energy portfolio.”

He added: “Further, we are excited to commence operations at our integrated manufacturing facility at Gangad, Ahmedabad. This state-of-the-art facility will strengthen our manufacturing capabilities across multiple strategic product lines, including Emergency Restoration Systems (ERS), stringing equipment, specialised conductors, Optical Fibre Ground Wire (OPGW), and Battery Energy Storage Systems (BESS), comprising containerised and C&I solutions with an annual manufacturing capacity of up to 2.8 GWh.”

“This integrated facility marks another significant milestone in Advait’s growth journey. It will enhance our manufacturing capabilities, improve operational efficiencies, strengthen our competitive positioning, and support sustainable margin expansion, enabling us to continue delivering long-term value to all our stakeholders,” Sheth said.

At the standalone level, Advait Energy Transitions reported revenue from operations of Rs 1.29 billion, an increase of approximately 76 per cent from Rs 734.6 million in Q1 FY26. Standalone profit before tax increased to Rs 169.5 million from Rs 105.7 million, while profit after tax rose approximately 58 per cent year-on-year to Rs 126.3 million from Rs 80.1 million.

The company’s consolidated segment assets stood at Rs 7.99 billion as of June 30, 2026, compared with Rs 6.67 billion as of March 31, 2026. New & Renewable Energy segment assets increased to Rs 2.39 billion from Rs 1.42 billion at the end of FY26, while Power Transitions segment assets stood at Rs 5.60 billion.

The Board also approved the unaudited standalone and consolidated financial results for the quarter in accordance with applicable SEBI regulations. The statutory auditors conducted a limited review of the quarterly results.

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