Advait Energy Transitions Ltd (BOM:543230)
₹ 2,208.55 +21.05 (+0.99%) Market Cap: 24.15 Bil Enterprise Value: 24.40 Bil PE Ratio: 39.91 PB Ratio: 8.42 GF Score: 92/100

Q4 2026 Advait Energy Transitions Ltd Earnings Call Transcript

Jun 01, 2026 / 07:00AM GMT
Release Date Price: ₹1944.05 (-4.67%)

Key Points

Positve
  • Advait Energy Transitions Ltd (BOM:543230) reported a significant revenue increase of 80% year-on-year, reaching INR714.52 crore for FY26.
  • The company's EBITDA for the year rose by 64% to INR3.78 crore, indicating strong operational performance.
  • Advait Energy Transitions Ltd achieved a record order book of INR1,304 crore, marking a 159% year-on-year growth, providing excellent visibility for future growth.
  • The company successfully commissioned 1,025 MW of Adani's renewable project, showcasing its capability in executing large-scale renewable projects.
  • Advait Energy Transitions Ltd is actively investing in future growth areas such as energy storage systems and electrolyzer manufacturing, aligning with India's energy transition goals.
Negative
  • Despite the revenue growth, the EBITDA margin decreased slightly from 12.87% in FY25 to 11.73% in FY26.
  • The company's debt-to-equity ratio increased to 0.46 times as of March 2026, compared to 0.22 times in March 2025, indicating higher leverage.
  • Operational cash flow was reported at only INR5.8 crore, suggesting challenges in converting profits into cash flow.
  • There are concerns about potential margin pressures due to commodity price fluctuations, which may not always be passed on to customers.
  • The company faces execution risks with its ambitious CapEx plans, which include a total of INR300 crore to INR350 crore for the next year.
Operator

Ladies and gentlemen, good day and welcome to the Advait Energy Transitions Limited Q4 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Krishna Patel from EY. Thank you and over to you.

Krishna Patel
EY - Moderator

Thank you. Good afternoon, everyone. We are pleased to welcome you all to Advait Energy Transitions Limited earnings conference call to discuss the Q4 FY26 and FY26 financial results. Today from the management, we have with us Mr. Shalin Seth, the Founder and the MD; Mr. Vatsal Kundalia, MD, Advait Greenergy Private Limited; Mr. Narayan Singh, CFO; Mr. Priyank Shah, Head, IR, Corporate Affairs, and Other KMPs.

Please note, a copy of disclosure is available in the Investors section of the website as well as on the Stock Exchange. Anything said on this call which reflects the outlook for the future or which could be concluded as a forward-looking statement must be reviewed in conjunction with the risks that the company faces.

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