05 Feb, EOD - Indian

SENSEX 78271.28 (-0.40)

Nifty 50 23696.3 (-0.18)

Nifty Bank 50343.05 (0.37)

Nifty IT 42888.3 (0.07)

Nifty Midcap 100 54180.85 (0.68)

Nifty Next 50 64012.8 (0.65)

Nifty Pharma 21868.5 (0.62)

Nifty Smallcap 100 17108.5 (1.85)

05 Feb, EOD - Global

NIKKEI 225 38831.48 (0.09)

HANG SENG 20597.09 (-0.93)

S&P 6026.98 (-0.26)

LOGIN HERE

companylogoAdvait Energy Transitions Limited

You are Here : Home > Markets > CompanyInformation > Company Background
BSE Code : 543230 | NSE Symbol : | ISIN : INE0ALI01010 | Industry : Construction |


Chairman's Speech

to Shareholders

Dear Shareholders,

The 2022 has been a challenging year compared to previous years because of the continued situation of Pandemic COVID-19 in the first quarter and war between Russia and Ukraine. The Business environment remained challenging due to unavailability of transportation, increased prices for raw materials and freight, and unavailability of materials.

The company's management has made a preliminary assessment of the likely adverse effects of war between Russia and Ukraine on its business and taken steps to mitigate those effects.

Our company appreciates the cooperation of its employees in overcoming this challenging situation and dealing with the material effects of the war between the two countries. Advait has delivered strong performance and reinforced the leadership in the industry. This image has been created by efficient organizational structure, technologically advanced system, strong financial capability, and continuous efforts of the employees. These characteristics allow us to continue creating value for the society in general and for our shareholders in particular as demonstrated by the results obtained in 2021-2022 from an operational and financial perspective.

As a result of continuing efforts to overcome the effects of the Russia Ukraine War and COVID-19 Pandemic, the company achieved positive growth in financial performance. At Advait Standalone level, our revenue increased by 24% to Rs. 72 crore, and we continued to maintain a positive EBITDA margin of 14.65% and a good PAT margin of 9.76%. This is due to the company's primary focus on working capital management and generating positive cash flow through various projects.

The company has one associate company TG Advait India Private Limited in which the Chinese company's stake exists. Even strict government norms after Covid-19, the company's consolidated performance grew positively this is because of the positive approach toward the threat and thereby finding the opportunity to cope with the same at Consolidated level, our revenue increased by 19% to Rs. 78.65 crore, and we continued to maintain a positive EBITDA margin of 14.71% and a good PAT margin of 6.65%.

Under the MAKE IN INDIA Mission, the company has built up a manufacturing factory for stringing Tools and Joint Box in Borisana Kadi, Mehsana district to meet the needs of the local market and minimize production costs. The company has executed exclusive agreement with council of Scientific and Indsutrial Research (CSIR), New Dehli for transfer of CSIR-SERC technology on Emergency Retrieval System.

Looking ahead, the company will complete its second year of listing this year and plans to move toward main board listing. In addition, the company intends to work on EPC projects for green hydrogen and renewable energy plants.

I took forward to sharing with you more milestones in this journey in the coming years. On behalf of Board of Directors of Advait Infratech Limited I want to thank you for your continues trust, confidence and support.

Warm regards,

Shalin Sheth

Managing Director

Din:- 02911544

Date:-28th May, 2022.

   


Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +