The Board of Advait Infratech at its meeting held on 15 April 2024 has approved incorporation of a wholly owned subsidiary in Norway. The Board also approved the investment of up to 5 million USD in the said subsidiary. Powered by Capital Market - Live News

Advait Infratech has entered into a new business vertical IT/IOT under this segment the Company has entered into a contract of providing �Configuration of devices with providing SCADA Software License, Deployment, integration and Go live services for each remote monitoring system as well as integration with existing State Level Portal & National Level Portal of PM-KUSUM scheme Component- B with 5 years Operations and maintenance contract as well as software maintenance & updation of State level portal of worth Rs. 2.89 crore.With the above , Advait Infratech, marking its entry into the IT/loT domain, will undertake the development of software and the integration of solar pump devices/smart meters for real-time data monitoring and fault management. Powered by Capital Market - Live News

Net profit of Advait Infratech rose 181.02% to Rs 7.70 crore in the quarter ended December 2023 as against Rs 2.74 crore during the previous quarter ended December 2022. Sales rose 182.20% to Rs 72.61 crore in the quarter ended December 2023 as against Rs 25.73 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales72.6125.73 182 OPM %16.9319.67 - PBDT10.964.27 157 PBT10.293.73 176 NP7.702.74 181 Powered by Capital Market - Live News

Advait Infratech will hold a meeting of the Board of Directors of the Company on 12 February 2024.Powered by Capital Market - Live News

Advait Infratech announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 8 December 2023 .Powered by Capital Market - Live News