Denta Water and Infra Solutions Limited has informed the Exchange about Transcript
DENTA · price
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Denta Water and Infra Solutions reported 9M FY26 revenue of Rs. 1,950.67 million, up 30.8% year-on-year, with EBITDA rising 34% to Rs. 708.47 million. Q3 FY26 revenue grew modestly to Rs. 535.20 million (up ~4% YoY) due to project-based timing and delayed government billing. Order book stood healthy at Rs. 841.48 crore as of December 31, 2025, spanning Jal Jeevan Mission (Rs. 387 crore), AMRUT (Rs. 225.84 crore), and STP (Rs. 140.53 crore) projects. Management acknowledged missing the earlier Rs. 300 crore FY26 revenue target and now expects only 20-25% full-year growth, but guided 30% revenue growth for FY27 and 15% growth thereafter. Margins improved in Q3 due to better project mix and execution efficiency. The company remains nearly debt-free, relying only on non-fund-based bank guarantees.
Short-term sentiment may be negative as management formally stepped back from its Rs. 300 crore FY26 revenue guidance, with one investor explicitly criticizing the gap between prior guidance and actual delivery. However, the strong 31% YoY 9M growth, healthy order book providing 2-2.5 years of visibility, and forward guidance of 30% revenue growth for FY27 offer medium-term comfort for shareholders.