ADVAIT / Q3-FY26 / claim-ledger

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Advait Energy Transitions · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ3-FY26 · 2026-02-15Back to quarter ↗

Questions audited

Answered directly

67%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Shashank Ja · SB Capital

evasive

Order buildup in new renewable division and pipeline

we have been building the major orders in the PTS division... we are expecting the similar flow of the order is coming into this division in the quarter Q4 for the year and the Q4 for the next year.

Shashank Ja · SB Capital

direct

Nature of Adani order: EPC or balance of plant?

We are getting both the orders EPC and balance of plan like recently we took the order from Adani Adani order is balance of work it was not on EPC except solar panel everything we are doing.

Shashank Ja · SB Capital

partial

Status of 300 MW electrolyser capacity timeline

we are putting up our first 30 megawatt electrolizer assembly and manufacturing unit to be ready by 15th of March this year in Ahmedabad... land procurement has already been done for the first expansion towards our drive of 300 megawatt.

Shashank Ja · SB Capital

direct

Revenue expectation per MW of electrolyser

those numbers can be anywhere between 3.5 to 56 crores on the electrolizer part. And then there are many other allied accessories and assemblies like compressors, piping, cooling that will add extra revenue.

Suankar Malik · Sangai family office

partial

Company overview and segment margins

broadly our company developed its operation from identifying the unique products... we build up the PTS accordingly and presently we manufacture ACF, OPW, ERS... we also provide the EPG services... we also have the second division called NR new and renewable...

Suankar Malik · Sangai family office

direct

Declining NR division order book share and sector slowdown

we are in a capacity and capability building zone when it comes to specifically solar projects... currently there are not very lucrative orders in the market where a company like us can be working at a desired margin.

Akillesh Raat · Reddanta Vision

evasive

EBITDA margin improvement and target for FY26/27

this was the quarter three... we should look at the business on year on year basis. So we are hopeful for having the similar numbers by end of the year.

Akillesh Raat · Reddanta Vision

direct

Revenue visibility from 216 cr PGVCL order

The revenue will start coming from the Q4 and it will be completed completely by next year.

Akillesh Raat · Reddanta Vision

direct

ERS segment revenue in Q3

for last quarter we don't have revenue because last quarter was a very significant milestone for us for completion of the earlier ERS project... revenue wise no.

Tanme Zaweri · Finest Capital

partial

Percentage of order book executable in 6 months

from our current order books we hope that about 75% orders will be completed by next year in next month or next financial year.

Nitan Gandhi · Innoquest Advisor

direct

Capex and revenue potential for electrolyser phases

overall prepex plan for the electrolyer factory for the current NX2 financial year would be close to 200 cr... we are expecting the revenue from first pool financial year is roughly anything between 200 to 300 cr.

Sashank Udupa · Research desk

partial

Details on 90 cr fund raise for subsidiary

This fundraising requirement is coming into subsidiary company... we are taking the points in the first phase now and we would like to take up this in next 2 or 3 months.