Latest news with #AdvaitInfratech
Business Standard
30-05-2025
- Business
- Business Standard
Advait Energy Transitions receives LoA valued at Rs 49.99 cr
From Dakshin Gujarat Vij Energy Transitions (formerly known as Advait Infratech) has received Letter of Acceptance (LoA) for Turnkey Contract (Supply, Installation, Testing and Commissioning) of 11 KV 55mm2 AAAC Medium Voltage Covered Conductor (MVCC) with its accessories (Poles and its fabrications will be supplied by DGVCL) in jurisdiction area of Dakshin Gujarat Vij Co. (DGVCL) under Vanbandhu Kalyan Yojana (VKY-2) Scheme on 29 May 2025. The contract is worth Rs 49.99 crore. Powered by Capital Market - Live News
Business Standard
13-05-2025
- Business
- Business Standard
Advait Energy Transitions spurts after Q4 PAT climbs 78% YoY to Rs 13 cr
Advait Energy Transitions jumped 5.53% to Rs 1,312 after the company's consolidated net profit surged 78.14% to Rs 12.88 crore in Q4 FY25 as against Rs 7.23 crore posted in Q4 FY24. Revenue from operations zoomed 255.91% year on year to Rs 194.67 crore in the quarter ended 31 March 2025. Profit before tax soared 86.34% to Rs 18.43 crore in the fourth quarter of FY25, compared to Rs 9.89 crore reported in the same period last year. Total expenses spiked 251.60% to Rs 180.09 crore in Q4 FY25 as compared with Rs 51.22 crore in Q4 FY24. Cost of material consumed stood at Rs 45.54 crore (up 42.31% YoY), employee benefits expense was at Rs 3.61 crore (down 24% YoY) and erection, subcontracting, and other project expenses were at Rs 33.01 crore (up 148.38%) during the period under review. On a full-year basis, the companys consolidated net profit jumped 46.48% to Rs 32.05 crore on a 91.09% surge in revenue to Rs 399.11 crore in FY25 over FY24. Meanwhile, the company has recommended a dividend of Rs 1.75 per equity share for the financial year ended 31st March 2025. Advait Infratech is engaged in the business of providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields. Also, it operates with various verticals such as turnkey telecommunication projects and installation of power transmission, substations, and telecom products.
Business Standard
08-05-2025
- Business
- Business Standard
Advait Energy gains on securing Rs 7-cr BESS order
Advait Energy Transitions rallied 3.90% to Rs 1,180.05 after the company announced that it had received an order worth Rs 7.43 crore from Gujarat BESS, Sanand. The contract covers the supply, erection, testing, and commissioning of the 180 MW / 360 MWh BESS project (AC side) at Gujarat BESS, Sanand. The total project cost is Rs 7,43,40,944. The mechanical completion is scheduled for 30 November 2025, with final charging expected to be completed by 23 December 2025. Advait Infratech is engaged in the business of providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields. Also, it operates with various verticals such as turnkey telecommunication projects and installation of power transmission, substations, and telecom products. The company's consolidated net profit advanced 27.2% to Rs 9.78 crore on a 35.4% jump in net sales to Rs 98.45 crore in Q3 FY25 over Q3 FY24.
