Summary of Key Information:
Reporting Period: Quarter and Financial Year ended March 31, 2026
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Regulations 30 and 33
Audit Opinion:
Unmodified opinion issued by Walker Chandiok & Co LLP for both standalone and consolidated financial results.
Key Financial Highlights [₹ in lakhs]:
Consolidated Results:
Quarter ended March 31, 2026:
- Revenue from operations: ₹28,576.73 (Q4 FY25: ₹24,266.16)
- Total Income: ₹29,628.70 (Q4 FY25: ₹24,955.35)
- Net Profit: ₹3,689.71 (Q4 FY25: ₹4,599.41)
- EPS: ₹11.46 basic and diluted (Q4 FY25: ₹14.10)
Year ended March 31, 2026:
- Revenue from operations: ₹1,05,319.29 (FY25: ₹93,361.02)
- Total Income: ₹1,08,409.60 (FY25: ₹95,879.29)
- Net Profit: ₹9,174.71 (FY25: ₹10,063.70)
- EPS: ₹26.59 basic and diluted (FY25: ₹30.10)
- Other Equity: ₹72,469.26 (FY25: ₹64,504.01)
- Cash and Cash Equivalents: ₹10,956.76 (FY25: ₹11,883.53)
- Total Debt (Borrowings): ₹42,550.09 (Current: ₹15,534.60 + Non-current: ₹27,015.52) (FY25: ₹47,303.25)
Standalone Results:
Quarter ended March 31, 2026:
- Revenue from operations: ₹13,863.68 (restated)
- Total Income: ₹15,355.91
- Net Profit: ₹737.29
- EPS: ₹2.60 basic and diluted
Year ended March 31, 2026:
- Revenue from operations: ₹55,594.60 (restated)
- Total Income: ₹57,293.41
- Net Profit: ₹1,139.20
- EPS: ₹4.02 basic and diluted
- Other Equity: ₹35,985.16 (FY25: ₹34,421.38)
- Cash and Cash Equivalents: ₹5,736.25 (FY25: ₹5,932.97)
- Total Debt (Borrowings): ₹23,053.65 (Current: ₹11,597.48 + Non-current: ₹11,456.17) (FY25: ₹26,867.15)
Segment-wise Performance:
The Group operates as a single segment - waste management and allied activities. All operations are within India.
Corporate Actions:
- Recommended final dividend of 10% on face value of ₹5 per share (₹0.50 per equity share) for FY26
- Dividend subject to approval at the 25th Annual General Meeting
- Record date and payment date to be announced later
- Issued 6,770 equity shares under ESOP 2022 scheme in Q2 FY26
Other Significant Information:
- Kanjurmarg landfill matter: Supreme Court stayed Bombay High Court judgment on August 1, 2025, preserving status quo
- New Labour Code implementation: Recognized impact of ₹522.83 lakhs (consolidated) and ₹486.34 lakhs (standalone) in employee benefits expense
- Trade receivables include significant amounts from Municipal Corporations with ongoing legal proceedings
- Supreme Court dismissed Special Leave Petition filed by Municipal Corporation on May 5, 2026, upholding conciliation arrangement