A leading infrastructure solutions provider for power transmission and telecommunication sectors has demonstrated remarkable financial performance in their third quarter. The company’s stellar results showcase impressive year-over-year growth, with revenue surging 29%, while quarter-over-quarter metrics soared even higher, indicating strong market momentum.
Share Price Movement
The share price of Advait Energy Transitions Limited hit a 10 percent upper circuit at Rs. 1,294.90 per share on Thursday, an increase from its previous close of Rs. 1,177.20 per share. The market capitalisation now stands at approximately Rs. 1,398 crore as of February 13, 2025.
Q3 Financial Highlights
In Q3FY25, revenue surged to Rs. 94 crore, reflecting a 28.8% YoY increase from Rs. 73 crore in Q3FY24 and a 95.8% QoQ growth from Rs. 48 crore in Q2FY25. Profit for Q3FY25 stood at Rs. 10 crore, marking a 25% YoY rise from Rs. 8 crore in Q3FY24 and a 66.7% QoQ increase from Rs. 6 crore in Q2FY25.
Competitors
Advait Energy Transitions competes with industry peers such as Rajesh Power Services, GPT Infraprojects, Likhitha Infrastructure, and Sathlokhar Synergys E&C, along with major players like Adani Energy Solutions Ltd, Kalpataru Projects International Ltd, Reliance Infrastructure Ltd, and Polycab India Ltd.
Advait Energy Transitions is currently trading at a P/E of 53.20, which is above the industry P/E of 21.67.
Market Outlook
India’s power sector is set for strong growth, driven by rising demand and policy support. With an installed capacity of 442.85 GW and power consumption growing 9.5% in FY23, the sector is expanding rapidly. The government plans to exceed 500 GW of non-fossil fuel capacity by 2031-32, backed by a Rs. 9.15 lakh crore investment. Higher budget allocations, renewable energy transitions, and FDI inflows of $18.28 billion make India an attractive market, with Rs. 17 lakh crore in investments expected in the next 5-7 years.
Written By Fazal Ul Vahab C H
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