Revenue growth outpaced costs, lifting Advait's margin QoQ
Consolidated net profit rose +29.59% QoQ despite a higher tax rate, while operating margin remained above the Industrials peer median.
Filed 30 Oct 2026, 17:23 IST · after market close · Advait Energy Transitions Limited (ADVAIT)
Key takeaways
- Revenue grew +23.24% QoQ while expenses rose +22.33%, lifting operating margin by 0.63 percentage points to 14.45%.
- Net profit increased +29.59% QoQ, despite interest costs rising +25.22% and the tax rate moving up 0.83 percentage points.
- Advait's 14.45% operating margin was 2.02 percentage points above the 12.43% median for 75 reported Industrials peers.
Price around the results
Revenue growth outpaced costs in Q2FY27
Advait Energy Transitions reported consolidated revenue growth of +23.24% QoQ to Rs 220.94 cr, while expenses increased +22.33%. That spread lifted operating profit by +28.95% and improved operating margin by 0.63 percentage points to 14.45%. The results were filed after market close on 30 October 2026.
Higher interest and tax rates limited profit conversion
Interest expense rose +25.22% QoQ, faster than revenue, adding pressure below operating profit. The tax rate increased 0.83 percentage points to 27.18%, so net profit growth of +29.59% was slower than the +31.09% rise in pre-tax profit. Other income accounted for 4.4% of pre-tax profit, making only a limited contribution to reported earnings.
Margin remains above the Industrials peer median
The company's 14.45% operating margin was 2.02 percentage points above the 12.43% median among 75 Industrials companies that had reported the same quarter. Sequentially, margin improved from 13.82% in Q1FY27; the available trend therefore shows an increase rather than a decline across the two reported quarters.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹221 cr | ₹179 cr | +23.24% |
| Other income | ₹1 cr | ₹1 cr | +43.21% |
| Expenses | ₹189 cr | ₹155 cr | +22.33% |
| Operating profit | ₹32 cr | ₹25 cr | +28.95% |
| Operating margin (%) | 14.45% | 13.82% | — |
| Interest | ₹6 cr | ₹5 cr | +25.22% |
| Depreciation | ₹1 cr | ₹1 cr | +13.54% |
| Profit before tax | ₹26 cr | ₹20 cr | +31.09% |
| Tax | ₹7 cr | ₹5 cr | +35.35% |
| Net profit | ₹19 cr | ₹15 cr | +29.59% |
| EPS (₹) | ₹16.83 | ₹12.70 | +32.52% |
Operating margin of 14.45% compares with a Industrials sector median of 12.43% across 75 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 14.45%.
- Whether interest-cost growth moderates from +25.22% QoQ.
- Whether the tax rate remains near 27.18%.