Company Disclosures: Earnings & Results

Key Financial Figures

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Operating Revenue: ₹692.23 million (vs ₹742.69 million in Q2 FY26)
  • EBITDA: ₹181.45 million (vs ₹263.06 million in Q2 FY26)
  • EBITDA Margin: 26.21% (vs 35.42% in Q2 FY26)
  • PAT: ₹131.47 million (vs ₹189.28 million in Q2 FY26)
  • PAT Margin: 18.99% (vs 25.49% in Q2 FY26)
  • EPS: ₹4.92 (vs ₹7.09 in Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Operating Revenue: ₹1,278.87 million (vs ₹1,415.47 million in H1 FY26)
  • EBITDA: ₹335.76 million (vs ₹513.03 million in H1 FY26)
  • EBITDA Margin: 26.25% (vs 36.25% in H1 FY26)
  • PAT: ₹243.15 million (vs ₹374.78 million in H1 FY26)
  • PAT Margin: 19.01% (vs 26.48% in H1 FY26)
  • EPS: ₹9.11 (vs ₹14.04 in H1 FY26)

Operational Highlights

Order Book Status:

  • Robust current order book of ₹7,824.44 million as of September 30, 2026
  • Includes new orders secured during the period

New Projects Secured (July 2026):

  • Total value: ₹655.66 million
  • Turnkey irrigation infrastructure project awarded by Karnataka Neeravari Nigam Limited (KNNL) for improvements to pickup canals, lift irrigation systems and associated infrastructure under the KMERC Grant in Ballari district
  • Subcontract to restore and improve lift irrigation infrastructure under the Jalibenchi Lift Irrigation Scheme

Project Execution Update

Mukkumpi Lift Irrigation Project:

  • Flagship project advancing with six tanks: Hirebenakal, Venktagiri, HRG Camp, Lingadalli, Mukkumpi and Chikkbenakal
  • Purpose: Pump water from Tungabhadra River to support groundwater recharge and improve underground water availability
  • Expected to strengthen irrigation facilities and support agricultural activity in surrounding areas

Management Commentary

Mr. C. Mruthyunjaya Swamy, Chairman, stated:

  • H1 FY27 reflected seasonal nature of business with monsoon conditions impacting pace of on-ground activities
  • Expects improved project execution momentum in H2 FY27 due to favorable weather conditions
  • Company continues focus on timely execution of ongoing projects, strengthening operational efficiencies, and expanding presence in water infrastructure segment
  • Committed to delivering sustainable growth and long-term value for stakeholders

Future Focus Areas

Company will pursue opportunities across:

  • Irrigation
  • Drinking water supply
  • Wastewater management
  • Groundwater recharge

Supported by engineering and execution capabilities and strong order book, the Company remains focused on expanding project portfolio and capitalizing on opportunities in India's growing water infrastructure sector.