Enviro Infra Engineers Limited has informed the Exchange about Transcript
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Enviro Infra Engineers reported Q3 FY26 revenue of INR250 crore (up just 1% YoY) but strong EBITDA growth of 25.6% to INR67.7 crore at a 27.1% margin (up 530 bps). PAT grew 14.7% to INR42.1 crore. For 9M FY26, revenue rose 7.9% to INR718.3 crore while PAT jumped 30.1% to INR134.1 crore at 17.9% margin. The company won a INR248 crore EPC+O&M sewerage project from Bhopal Municipal Corporation during the quarter. Management reaffirmed FY26 PAT guidance of INR230-250 crore (35-40% growth) and consolidated revenue of ~INR1,350 crore, but admitted Q3 order inflows fell short due to delayed bid evaluations in Delhi (re-bidding) and Bihar (INR3,000 crore pipeline awaiting financial bid opening). Order book stands at INR1,903 crore (water/wastewater) plus INR933 crore O&M and INR256 crore in renewables.
Despite robust margin expansion in Q3, management maintained a 22-24% EBITDA guidance range that is well below the current 27.1%, signalling expected margin normalization. The Q3 execution slowdown and delayed government order awards raise near-term growth concerns, though profitability guidance remains intact. OCF is expected to turn positive by March, and stock investors should watch for order conversion from the INR5,000 crore bid pipeline in the next 2 months.