Advait Energy Q1 FY27: consolidated PAT +66% YoY to ₹14.8 Cr as margins expand
PAT +65.78% YoY · revenue +51.37% · margins expanding
₹179.27 Cr
+51.37% YoY
₹14.8 Cr
+65.78% YoY
8.18%
+0.8pp YoY
₹12.7
Advait Energy Transitions (formerly Advait Infratech) posted consolidated PAT of ₹14.80 Cr for Q1 FY27 (quarter ended June 30, 2026), up 65.8% YoY from ₹8.93 Cr, on consolidated revenue of ₹179.27 Cr, up 51.4% YoY from ₹118.43 Cr. Sequentially both lines fell — PAT down 22.4% and revenue down 21.4% from Q4 FY26's ₹19.08 Cr PAT and ₹228.20 Cr revenue — consistent with EPC/power-transmission billing that concentrates around the March year-end rather than a change in trend. Standalone PAT was ₹12.63 Cr on revenue ₹129.34 Cr; the wider consolidated base reflects the Group's six subsidiaries/JV, chiefly the newer New & Renewable Energy (NRE) businesses that sit outside the standalone books. No exceptional items featured on either side of the YoY comparison, so the growth is fully organic with nothing to adjust for.
Q1 FY-2027 vs prior quarters
Growth was led by the core Power Transmission (PTS) segment, up 67.4% YoY to ₹127.22 Cr, while NRE grew 15.5% YoY to ₹52.06 Cr and now contributes about 29% of Group revenue. Consolidated net margin expanded to 8.26% from 7.38% a year ago (roughly flat versus Q4 FY26's 8.24%), and segment EBIT margin (profit before interest) rose to about 14.2% of revenue from roughly 11.6% a year ago — in line with the "marginal" annual margin improvement management guided for on the Q4 FY26 call, with the larger step-up from new manufacturing facilities not due until Q4 FY27. Finance costs rose to ₹4.52 Cr from ₹2.68 Cr YoY as the balance sheet expanded (consolidated segment assets to ₹798.71 Cr from ₹521.57 Cr YoY), consistent with capex-led scale-up of the BESS, electrolyser and fuel-cell subsidiaries.
The stock went into the print at ₹2,220.2, up 1.3% over the past month of trading.
What the summary numbers don't show
Consolidated basic EPS ₹12.70 (vs ₹16.15 in Q4 FY26, ₹7.73 a year ago) — standalone basic EPS ₹11.54
Management provided optimistic guidance, expecting sustained revenue growth of 40% plus driven by a strong order book and robust tender pipeline. They anticipate marginal margin improvements in the next year, with significant enhancements projected from new manufacturing facilities coming online by Q4 FY27. Strategic i
— This quarter: beat
No visible sell-side consensus exists for this quarter — the stock has thin analyst coverage and no Q1 FY27 preview or estimate turned up in search — so the print is unscored against street. Against management's own Q4 FY26 guidance of 40%-plus sustained revenue growth, Q1's 51.4% YoY revenue growth and 65.8% YoY PAT growth clear that bar. The quarter's corporate actions reinforce the pipeline story rather than the print itself: three PGVCL contracts worth a combined ~₹175 Cr (₹58.25 Cr, ₹52.57 Cr and ₹64.2 Cr) were won on July 10, 2026 — after the quarter closed, so none of that revenue is in this result — alongside a subsidiary stake sale and ESOP approval (July 22) and a promoter share gift-transfer (July 10). No management press-release commentary was available in the record to cross-check against the numbers.
W1
Whether the ~21% QoQ revenue dip (₹179.27 Cr vs ₹228.20 Cr in Q4 FY26) reverses in Q2 FY27, confirming Q1 as a seasonal billing trough rather than a slowdown
W2
Margin trajectory toward management's guided annual improvement and the new manufacturing-facility benefits due by Q4 FY27 — NPM at 8.26% this quarter vs 7.38% YoY
W3
NRE segment scale-up (BESS, electrolysers, fuel cells) — ₹52.06 Cr this quarter, ~29% of Group revenue — as FY27 capex plans progress
Converted from ₹ Lakh. Consolidated PAT of ₹14.8015 Cr = PAT from continuing ops ₹15.6264 Cr less ₹0.8249 Cr share of loss from JV/associates (TG Advait India JV); no exceptional items on either side of the YoY comparison. ₹50.10 Cr revenue / ₹3.00 Cr PAT of subsidiaries/JV were reviewed by other auditors, not the principal auditor.