Advait Energy Transitions Q2 profit rises 89% on PTS growth

Advait Energy Transitions Limited reported consolidated profit of Rs 19.18 crore for the quarter ended September 30, 2026, up 89% from Rs 10.18 crore a year earlier. Revenue from operations increased 41% to Rs 220.94 crore, led by a 70% increase in Power Transmission Solution revenue to Rs 165.87 crore.

How did Advait Energy Transitions perform in Q2?

Advait Energy Transitions reported consolidated profit for the September 2026 quarter of Rs 19.18 crore, compared with Rs 10.18 crore in the quarter ended September 30, 2025. The increase followed a rise in profit before tax to Rs 27.19 crore from Rs 15.05 crore, while the share of loss from associates and joint ventures widened to Rs 0.85 crore from Rs 0.76 crore.

Revenue from operations rose to Rs 220.94 crore from Rs 156.87 crore a year earlier and Rs 179.27 crore in the preceding June 2026 quarter. Total income, including other income, was Rs 222.94 crore, against Rs 158.96 crore in the prior-year quarter. Other income declined to Rs 2 crore from Rs 2.09 crore, indicating that the quarterly increase principally came from operations.

Expenses rose to Rs 195.75 crore from Rs 143.91 crore, reflecting the higher revenue base. Materials consumed increased to Rs 134.23 crore from Rs 50.13 crore, while erection, subcontracting and other project expenses declined to Rs 38.87 crore from Rs 63.65 crore. Finance costs rose to Rs 5.66 crore from Rs 3.54 crore, and employee-benefit expense increased to Rs 5.66 crore from Rs 3.78 crore.

Which segment drove Advait Energy Transitions’ revenue growth?

Advait Energy Transitions’ Power Transmission Solution, or PTS, division drove the revenue expansion, reporting Rs 165.87 crore in the quarter ended September 30, 2026, compared with Rs 97.37 crore a year earlier. Its revenue was also above the Rs 127.22 crore reported in the June 2026 quarter. PTS represented Rs 165.87 crore of the group’s reported Q2 segment revenue of Rs 220.94 crore.

PTS segment result rose to Rs 20.97 crore from Rs 16.34 crore in the September 2025 quarter, although it was below Rs 21.43 crore in the June 2026 quarter. The rise in PTS revenue offset the year-on-year reduction in New Renewable Energy, or NRE, revenue. Advait Energy Transitions identifies PTS and NRE as its two reportable segments.

NRE revenue was Rs 55.06 crore in the September 2026 quarter, down from Rs 61.59 crore in the September 2025 quarter, but above Rs 52.06 crore in the June 2026 quarter. NRE segment result nevertheless increased to Rs 11.88 crore from Rs 2.25 crore a year earlier and Rs 4.01 crore sequentially. The filing therefore shows lower NRE sales year on year alongside substantially higher segment earnings.

What do Advait Energy Transitions’ half-year results show?

Advait Energy Transitions reported revenue from operations of Rs 400.21 crore for the half year ended September 30, 2026, compared with Rs 275.30 crore for the corresponding previous half year. Consolidated profit for the period rose to Rs 33.99 crore from Rs 19.11 crore, while profit before tax increased to Rs 48.11 crore from Rs 27.88 crore.

The half-year segment mix also shifted toward PTS. PTS revenue rose to Rs 293.09 crore from Rs 173.36 crore, while NRE revenue was nearly unchanged at Rs 107.12 crore compared with Rs 106.65 crore. PTS segment result increased to Rs 42.40 crore from Rs 29.54 crore, and NRE segment result rose to Rs 15.89 crore from Rs 4.57 crore.

Profit after tax from continuing operations, before the associate and joint-venture share, was Rs 35.66 crore in the half year, compared with Rs 20.63 crore a year earlier. The group recorded a Rs 1.67 crore share of loss from associates and joint ventures, versus Rs 1.53 crore previously. Basic earnings per share for the half year were Rs 29.53, against Rs 16.53 in the prior period.

What changed in Advait Energy Transitions’ balance sheet and cash flow?

Advait Energy Transitions’ total assets were Rs 900.22 crore at September 30, 2026, up from Rs 667.06 crore at March 31, 2026. PTS assets increased to Rs 680.47 crore from Rs 525.32 crore, while NRE assets rose to Rs 219.75 crore from Rs 141.74 crore. Capital work in progress was Rs 159.71 crore, compared with Rs 59.28 crore at the March year-end.

Borrowings expanded during the half year. Non-current borrowings were Rs 117.96 crore at September 30, compared with Rs 22.60 crore at March 31, while current borrowings were Rs 136.44 crore compared with Rs 66.70 crore. Trade receivables increased to Rs 249.62 crore from Rs 147.86 crore, and total equity rose to Rs 325.62 crore from Rs 290.95 crore.

Net cash used in operating activities was Rs 28.68 crore for the half year, compared with Rs 29.98 crore used a year earlier. Cash used in investing activities was Rs 123.90 crore, versus cash generated of Rs 32.68 crore in the prior period, with capital expenditure of Rs 126.31 crore. Financing activities generated Rs 146.83 crore, compared with Rs 27.06 crore, and closing cash and cash equivalents were Rs 110.17 crore.

Conclusion

Advait Energy Transitions’ Q2 results show that the 89% rise in consolidated profit was supported by a 70% increase in PTS revenue and higher earnings in both reportable segments. NRE revenue declined year on year, but its segment result increased from Rs 2.25 crore to Rs 11.88 crore, while group profit before tax rose from Rs 15.05 crore to Rs 27.19 crore.

The next operating updates will show progress under the October 30, 2026 appointment of Vimal Kishore Yadav as chief operating officer. Advait Energy Transitions said he will focus on accelerating business growth, strengthening operational capabilities and unlocking new opportunities; separately, 1,515 employee stock options granted on the same date have vesting periods of one or three years.