Enviro Infra Engineers (EIEL) Q4 25/26 earnings summary

Executive summary

• FY26 consolidated revenue from operations rose 7.46% to ₹11,456 mn; EBITDA increased 3.38% to ₹2,768 mn and PAT rose 6.34% to ₹1,884 mn.

• Consolidated order book reached ₹68,136 mn, up 242% YoY, with water, wastewater and renewable projects providing over 24 months of revenue visibility.

• FY26 expanded the platform across water and wastewater, solar, wind and BESS, alongside execution of complex infrastructure projects.

Financial highlights

• Q4 FY26 revenue from operations was ₹4,273.137 lakh, up 8.75% YoY; PAT was ₹543.907 lakh, down 26.73%.

• Q4 EBITDA excluding other income was ₹799 mn, down 19.63%; EBITDA margin was 18.70%, down 661 bps, and PAT margin was 12.37%, down 598 bps.

• FY26 total revenue was ₹11,880 mn, including ₹424 mn other income; EBITDA margin was 24.16% versus 25.12%, and PAT margin was 15.86% versus 16.32%.

• FY26 reported PBT was ₹24,962.42 lakh after an exceptional charge of ₹874.80 lakh; finance cost was ₹3,600.58 lakh and depreciation and amortization ₹2,480.16 lakh.

• Basic EPS was ₹10.42 versus ₹11.76 in FY25; 37.30% of FY26 revenue was generated in January–March.

Outlook and guidance

• FY27 guidance is ₹2,000 crore revenue—₹1,350 crore water and wastewater and ₹650 crore renewables—and ₹270–280 crore PAT; management called the revenue target conservative.

• FY27 EBITDA margin guidance is 21%–22%, down from 22%–24%, reflecting commodity inflation and a potential 1–2 percentage-point impact.

• FY27 order inflow target is at least ₹2,500 crore; submitted bids total ~₹1,200 crore, with a further ~₹5,000 crore in prospective tenders.

• FY28 revenue outlook is ₹2,500–2,600 crore on a conservative basis, supported by current order-book visibility across FY27–FY28.

• Working capital is expected to normalize toward ~90 days in FY27; management said current-quarter activity was ahead of Q1 FY26.