Advait Infratech Ltd. Concall Summary Jun-24

Advait Infratech: A Promising Growth Story

Advait Infratech has shown remarkable financial performance and growth in the fiscal year ending 2023-24. 

Revenue Growth

Advait Infratech's revenue has seen impressive growth over the past three years:

• FY 2021-22: INR 79.95 crore
• FY 2022-23: INR 105.93 crore
• FY 2023-24: INR 211.72 crore

This near-doubling of revenue from FY 2022-23 to FY 2023-24 highlights the company's strong market presence and effective business strategies.

EBITDA and Profitability

The company has significantly improved its EBITDA and profitability:

• EBITDA:
  • FY 2021-22: INR 10.96 crore (13.7% of revenue)
  • FY 2022-23: INR 16.94 crore (16.2% of revenue)
  • FY 2023-24: INR 39.01 crore (18.4% of revenue)
• Profit After Tax (PAT):
  • FY 2021-22: INR 5.32 crore
  • FY 2022-23: INR 8.12 crore
  • FY 2023-24: INR 21.88 crore

These figures indicate enhanced operational efficiency and a robust bottom line.

Order Book and Future Outlook

Advait Infratech boasts a strong order book, with significant contributions from various sectors:

• ACS (Air-Cooled Substations): Major orders in Q2 and Q4 of FY 2023-24.
• Tools and Other EPC (Engineering, Procurement, and Construction): Steady orders throughout the year, bolstering total revenue.

The company has been proactive in raising funds, issuing 5.9 lakh shares at INR 1388 per share, totaling INR 82.3 crore. This capital infusion, subscribed by prominent investors like Ashish Kacholia, is expected to support further growth and expansion.

Strategic Initiatives and Market Position

Advait Infratech continues to enhance its market position through strategic initiatives and investments. The company's focus on providing turnkey solutions for power transmission, substation, and telecommunication infrastructure has been key to its growth. Additionally, its involvement in sustainability services and carbon consultancy projects underscores its commitment to environmental responsibility and corporate social responsibility (CSR) initiatives.

Conclusion

Advait Infratech's stellar financial performance, strategic growth initiatives, and robust order book position it well for continued success. The company's dedication to operational efficiency, market expansion, and sustainability aligns with its long-term vision and shareholder value enhancement.