SFC Environmental Technologies (SFCTECH) Q4 24/25 earnings summary

Executive summary

• 20 years in wastewater treatment; 639 plants commissioned, with C-Tech treating over 15,000 million litres of sewage daily across multiple countries.

• FY25 consolidated revenue and PAT increased YoY; wastewater reuse and recycling and solid-waste-to-biogas projects are key growth areas.

• Management cited macroeconomic volatility and elections during the year, while reporting resilience and growth across key performance indicators.

Financial highlights

• Consolidated revenue from operations was ₹6,978.58m vs ₹6,574.95m in FY24; PAT was ₹1,520.08m vs ₹1,441.73m.

• Operating EBITDA was ₹2,074.80m vs ₹1,932.54m; operating EBITDA margin was 29.73% vs 29.39%.

• Standalone revenue declined to ₹4,743.96m from ₹5,219.22m; standalone PAT was ₹1,295.74m vs ₹1,346.78m.

• Consolidated revenue grew at a 15.91% CAGR and PAT at a 26.62% CAGR from FY23 to FY25; PAT margin was 21.78% in FY25 vs 21.93% in FY24.

• Consolidated other income included ₹56.49m net gain on sale of property, plant and equipment, ₹39.61m on investment property, and a ₹5.20m insurance claim.

Outlook and guidance

• Wastewater reuse and recycling is expected to grow, driven by water scarcity and Indian government water-conservation initiatives; three tertiary technologies are being introduced under the portfolio.

• Two municipal solid-waste-to-CBG projects were awarded with combined capacity of 425 TPD; segment bookings exceeded ₹500 crore, including 10-year O&M contracts.

• A 125 TPD Assam plant and 300 TPD Odisha plant are in the project pipeline; management also entered a term sheet for a Punjab biogas facility and acquired land in Maharashtra for an agro-waste CBG plant.

• Management plans to scale responsibly, introduce group- and subsidiary-level performance controls, and expand ESG tracking practices.