Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results Approval
Audit Opinion:
Clean limited review opinion - No material misstatements identified. The review was conducted by M/s. Rishi Kapoor & Company (FRN: 006615C), with partner Jyoti Arora (Membership No: 455362).
Key Financial Highlights [₹ in Lakhs]:
Standalone Results:
Revenue from Operations: ₹9,270.47 (Q1 FY26: ₹9,067.09, +2.24% YoY)
Total Income: ₹9,324.38
Net Profit: ₹1,069.34 (Q1 FY26: ₹934.11, +14.5% YoY)
EPS: ₹3.55 (Basic and Diluted)
Consolidated Results:
Revenue from Operations: ₹9,270.47
Total Income: ₹9,320.36
Net Profit: ₹1,069.34 (attributable entirely to shareholders)
EPS: ₹3.55 (Basic and Diluted)
Financial Performance Analysis:
Profit before tax: ₹1,447.36 (Q1 FY26: ₹1,250.24, +15.76% YoY)
EBITDA: ₹18.49 crore (Q1 FY26: ₹15.89 crore, +16.36% YoY)
Tax expense: ₹378.02
Other comprehensive income (net of tax): ₹1.95
Total comprehensive income: ₹1,071.29
Segment-wise Performance:
The company operates as a single operating segment across wastewater treatment, water supply schemes, road and highway construction, with no separate reportable segments as per Ind AS 108.
Corporate Actions:
- Bonus Issue: The Board approved allotment of 2,25,75,900 shares against existing 75,25,300 shares in 3:1 ratio on May 29, 2025
- IPO Completion: Subsequent to quarter end, completed IPO of 1,18,81,000 equity shares of ₹10 face value at ₹212 per share (including ₹202 premium), listed on NSE and BSE on August 14, 2026
Other Significant Information:
New Contracts Awarded:
- Received Letter of Award in June 2026 for construction of underground sewerage system for Bhubaneswar Development Authority
- Contract value: ₹14,870.05 lakhs (Construction: ₹13,569.25 lakhs + O&M including Energy Charges: ₹1,300.80 lakhs)
- Contract includes 5-year Operation & Maintenance period
Business Operations:
- Multidisciplinary public infrastructure development company executing turnkey EPC contracts
- Core operations: Wastewater Treatment, Water Supply Schemes, Operation and Maintenance, Road and Highway Construction
- Geographic focus: Northern India (Uttar Pradesh, Uttarakhand, Rajasthan, NCT of Delhi)
- Client base: Primarily state governments and their agencies
- Infrastructure: Over 1,000 kilometers of sewerage pipelines laid, STP capacities up to 56 MLD
Management Commentary:
Mr. Sanjay Tyagi, Managing Director, cited growth in revenues and profits, attributing it to higher execution of works and growing orderbook. Expressed optimism about government infrastructure spending, particularly in water supply and sewerage sectors.