Advait Energy Transitions Ltd · BSE:ADVAIT
Advait Energy Transitions — Q3 FY2026 Earnings Presentation
37 slides from Advait Energy Transitions's earnings presentation, Feb 11, 2026
Slide 1: Exchange filing cover letter
Date: February 11, 2026 To, To, General Manager The Manager Department of Corporate Services Listing Compliance Department BSE Limited National Stock Exchange of India Limited Listing Department Exchange Plaza, Plot No. C/1, Phiroze Jeejeeboy Tower, Dalal Street, G Block, Bandra - Kurla Complex, For
Slide 2: Investor Presentation Q3 & 9MFY26
Investor Presentation Q3 & 9MFY26 | February 2026 1
Slide 3: Contents
Contents 01 Advait Group - In a Nutshell 02 AETL Performance Overview 03 AGPL Performance Overview 04 Advait Consolidated Performance Overview 05 AGPL Strategic Collaboration 06 Managing Director Message 2
Slide 4: Advait Group - In a Nutshell
Advait Group - In a Nutshell 72% FY25 398 Cr 13% 8% 21% 16% Robust 3Y CAGR (₹. Cr) Revenue EBITDA Margin PAT Margin RoCE RoE Total Revenue ▪ Incorporated in 2010, Advait Energy Transitions is emerging company mainly focused into Power Transmission Solution & energy Transitions Sector. ▪ Possesses a
Slide 5: Fastest Growing Order Book
Fastest Growing Order Book Order Book* : Rs. 1,048 Cr (31 Dec 2025) Order Book as of Dec 2025 (Rs Cr) Robust Order Book (Rs Cr) Robust Order Book Growth (Rs Cr) 1200.0 600.0 132% YoY 503.8 1000.0 500.0 16% 800.0 400.0 600.0 300.0 204.7 400.0 200.0 162.0 84% 200.0 100.0 70.9 1070.2 1048.0 451.8 0.0 0
Slide 6: Performance Overview – AETL (Standalone)
Performance Overview – AETL (Standalone) 5
Slide 7: AETL Financial Performance - FY25
AETL FINANCIAL PERFORMANCE - FY25 (*3Y CAGR) Total Revenue* 60% 295 Cr EBITDA *1 69% 47 Cr EBIT * 1 68% 44 Cr PBT * 65% 43 Cr PAT * 64% 31 Cr 1. Excluding Other Income 6
Slide 8: AETL's Robust Standalone Q3 & 9MFY26
AETL’s Robust Standalone Q3 & 9MFY26 Q3FY26 Standalone Highlights Total Revenue (₹ crore) EBIDTA1 (₹ crore) & EBITDA Margin (%) PAT (₹ crore) & PAT Margin (%) 16% 16% 17% 15 18% 14 12 11% 11% 10% 12% 11% 13 17% 11 16% 10 10% 9 15% 8 9% 7 14% 6 8% 32% 40% 20% 5 13% 4 7% 3 12% 95 94 125 YoY 1 15 15 21
Slide 9: AETL's Quarter & Annual Standalone Key Numbers
AETL’s Quarter & Annual Standalone Key Numbers Particulars (₹ Crore) Q3FY26 Q3FY25 YoY (%) Q2FY26 QoQ (%) 9MFY26 9MFY25 YoY (%) Revenue from Operation 124.71 94.36 32% 95.46 31% 293.63 200.10 47% Total Income 126.26 96.29 31% 98.34 28% 300.58 203.16 48% EBITDA 21.10 15.06 40% 15.23 39% 47.84 32.83 4
Slide 10: AETL's Strong Financial Risk Profile
AETL’s Strong Financial Risk Profile Total Revenue EBITDA1 & EBITDA Margin ₹ Crore ₹ Crore 16.8% 16.7% 15.9% 16.3% 18.0% 13.4% 16.0% 11.1% 14.0% 12.0% 295 294 10.0% 8.0% 207 6.0% 4.0% 72 103 10 17 35 47 48 2.0% 58 6 0.0% FY21 FY22 FY23 FY24 FY25 9MFY26 FY21 FY22 FY23 FY24 FY25 9MFY26 EBITDA EBITDA M
Slide 11: AETL's Comfortable Leverage Position
AETL’s Comfortable Leverage Position FY23 FY24 FY25 H1FY26 Total Debt* (₹ crore) 13.39 33.42 46.02 55.91 Networth (₹ crore) 52.03 74.46 199.36 232.29 Debt-Equity (x)* 0.26 0.45 0.23 0.24 Particulars (₹ Crore) FY23 FY24 FY25 H1FY26 (A) Total Debt 13.39 33.42 46.02 55.91 (B) Cash and Bank 17.99 20.99
Slide 12: AETL's Key Developments During Q3FY26
AETL‘s Key Developments During Q3FY26 Operational Performance ➢ Have successfully secured largest EPC order for the company amounting ~ ₹ 216 Cr from PGVCL for the replacement of old conductor with new MVCC conductor in existing 11kv lines. ➢ Entered into an MoU with M/s Yangzhou Guodian General Ele
Slide 13: Expansion of Multi-Integrated Manufacturing Facilities
New/Existing Expansion of Multi-Integrated Manufacturing Facilities Our upcoming multi-integrated manufacturing facility in Sanand, Gujarat; focused on new product lines and expansion of existing capacities, is currently under construction. We are set to commence operations in the Q3FY27. 12
Slide 14: AETL's Standalone Profit & Loss
AETL’s Standalone Profit & Loss FY20 FY21 FY22 FY23 FY24 FY25 9MFY26 Particulars (Rs Cr) Audited Audited Audited Audited Audited Audited Unaudited Income Revenue from operations 40.30 58.08 72.00 103.07 207.44 295.48 293.63 Total Income 41.55 58.99 73.05 104.60 209.92 302.84 300.58 Expenses Cost of
Slide 15: AETL's Standalone Balance Sheet
AETL’s Standalone Balance Sheet FY20 FY21 FY22 FY23 FY24 FY25 H1FY26 Particulars (Rs Cr) Audited Audited Audited Audited Audited Audited Unaudited Assets Fixed Assets 1.47 1.34 2.50 20.64 26.32 33.73 36.04 Capital work-in-progress - - 12.84 1.06 1.07 1.78 0.63 Intangible assets - - - - - 2.61 0.01 O
Slide 16: Business Overview - AETL
Business Overview - AETL 15
Slide 17: Business Segments - AETL
Business Segments - AETL Power Transmission Solutions (PTS) New & Renewable Energy (NRE) Solar - EPC OPGW (Optical Ground Wires) Battery Energy Storage System (BESS) - IPP ACS Wires (Aluminum Clad Steel) Optical Fiber Cables (OFC) Emergency Restoration System (ERS) Stringing tools RDSS Projects - EP
Slide 18: Business Overview: Power Transmission Solutions
Business Overview: Power Transmission Solutions 17
Slide 19: Power Transmission Solutions (PTS)
Power Transmission Solutions (PTS) OPGW (Optical Fiber ERS (Emergency ACS Wires (Aluminum Clad Stringing tools Ground Wires) Restoration Systems) Steel) EPC- Re-conductoring EPC RDSS (Revamp OFC (Optical Fibre Cables) HTLS Projects Distribution Sector Scheme) 18
Slide 20: Power Transmission Solutions (PTS)
Power Transmission Solutions (PTS) Q3FY26 Revenue, Products Application End User Industry % of Revenue | YoY (%) ACS - OPGW Input raw material to OPGW Cable, OPGW Cable & ACSS & AL59 Conductors Conductor Manufacturers 5.31 Cr, 4% | +27% YoY Stringing Tools Pulling & Tensioning, Sag Measurement, Priv
Slide 21: Business Overview: New & Renewable Energy (NRE)
Business Overview: New & Renewable Energy (NRE) 20
Slide 22: Battery Energy Storage System (BESS)
Battery Energy Storage System (BESS) ▪ Battery Energy Storage Systems (BESS) are designed to store energy in batteries for later use. They are becoming increasingly popular as renewable energy sources such as solar and wind become more common. ▪ Eyeing on 1 GW of BESS Projects over the period of nex
Slide 23: AETL Solar EPC
AETL Solar EPC Business Updates Applications ▪ Advait has been awarded a 100 MW ▪ Cost Efficiency Ground-Mounted Solar EPC project by ▪ Environmental and Strategic Adani Green Energy Six Ltd, located in Impact Khavda. ▪ Flexibility and Scalability ▪ The project, part of the Khavda Hybrid Renewable P
Slide 24: Performance Overview – AGPL (Subsidiary of AETL)
Performance Overview – AGPL (Subsidiary of AETL) 23
Slide 25: AGPL's Quarter & Annual Key Numbers
AGPL’s Quarter & Annual Key Numbers Particulars (₹ Crore) Q3FY26 Q2FY26 QoQ (%) 9MFY26 FY25 Revenue from Operation 86.49 61.41 41% 192.87 102.08 Total Income 87.16 61.59 42% 193.81 102.88 EBITDA 3.22 2.09 54% 7.56 4.49 (Excluding Other Income) EBITDA Margin 3.73% 3.40% 9% 3.92% 4.40% Profit after Ta
Slide 26: AGPL's Profit & Loss
AGPL’s Profit & Loss FY25 9MFY26 Particulars (Rs Cr) Audited Unaudited Income Revenue from operations 102.08 192.87 Total Income 102.88 193.81 Expenses Cost of Goods Sold 96.01 183.33 Employee Benefit Expenses 0.90 1.15 Finance costs 0.88 0.37 Depreciation and amortization expense 0.19 0.04 Other ex
Slide 27: Business Overview: AGPL
Business Overview: AGPL (Subsidiary of AETL) 26
Slide 28: AGPL New & Renewable Energy (NRE)
AGPL New & Renewable Energy (NRE) Q3FY26 Revenue, Products Application End User Industry % of Revenue | QoQ (%) Solar EPC Complete Trunkey solution for Public & Private Company into Solar including civil work, electrical IPP, Solar CPP and various utility 82.80 Cr, 96% | 38% QoQ installation, module
Slide 29: AGPL Key Milestones Q3FY26
AGPL Key Milestones Q3FY26 A) 50 Mwh/100MW Installation of BESS for AETL's GUVNL Project – Radhanpur, Gujarat – Under Construction ▪ Schedule completion in Nov 2026 ▪ IPP Developer mode project assigned by GUVNL ▪ To Set up Project Battery Energy Storage System (BESS) involves the establishment of a
Slide 30: AGPL Key Milestones Q3FY26
AGPL Key Milestones Q3FY26 D) Completion of ToT for manufacturing Electrolyser ▪ Have successfully completed the design and engineering of the 5MW electrolyser stack and balance of plant (BoP) in coordination with Jiangsu Guofuhee, leading hydrogen equipment manufacturer from China E) Licensing agre
Slide 31: Performance Overview – AETL (Consolidated)
Performance Overview – AETL (Consolidated) 30
Slide 32: AETL's Robust Consolidated Quarter and Annual Performance
AETL’s Robust Consolidated Quarter and Annual Performance Q3FY26 Consolidated Highlights Total Revenue (₹ crore) EBIDTA1 (₹ crore) & EBITDA Margin (%) PAT (₹ crore) & PAT Margin (%) 8% 11% 10% 24 15% 11% 18% 20 18 11% 10% 16% 16 9% 211 19 14% 14 6% 8% 12% 12 7% 14 24 157 15 17 10% 10 6% 8% 8 10 5% 1
Slide 33: AETL's Quarter & Annual Consolidated Key Numbers
AETL’s Quarter & Annual Consolidated Key Numbers Particulars (₹ Crore) Q3FY26 Q3FY25 YoY (%) Q2FY26 QoQ (%) 9MFY26 9MFY25 YoY (%) Revenue from Operation 211.03 98.41 114% 156.87 34% 486.33 204.30 138% Total Income 215.62 100.41 115% 158.96 36% 495.63 207.88 138% EBITDA 24.16 15.25 58% 17.32 40% 55.2
Slide 34: Strong Strategic Collaboration – MoUs at India Energy Week 2026
Strong Strategic Collaboration – MoUs Executed at India Energy Week 2026 AGPL has signed an MoU with CENMAT to deploy AGPL has signed an MoU with VJ Industries to AGPL has signed an MoU with Power to Hydrogen, PEM and AEM electrolyser technologies for green collaborate on hydrogen storage systems fo
Slide 35: From The Founder & Managing Director's Desk
From The Founder & Managing Director’s Desk Recent Union Budget 2026-27 in India focuses on strengthening energy security through a record capital expenditure, aiming to boost renewable energy (RE) capacity, enhance grid infrastructure, and improve the financial health of distribution companies (DIS
Slide 36: Safe Harbour
Safe Harbour This presentation has been prepared by Advait Energy Transitions Ltd solely to provide information about the Company to its stakeholders. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correct
Slide 37: Thank You
Advait Energy Transitions Ltd Registered Office: 1st & 2nd Floor, KIFS Corporate House, Iskcon Ambli Road, Beside Hotel Planet Landmark, Near Ashok Vatika, Ambli, Ahmedabad, Gujarat 380054, India CIN: L45201GJ2010PLC05987 info@advaitgroup.co.in 36 THANK YOU Arpit Mundra | Krishna Patel Investor Rela
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