Denta Water and Infra Solutions Ltd

Operational and financial update

• Denta Water to supply six tanks for the Mukkumpi lift irrigation project to groundwater recharge.
• Tanks: Hirebenakal, Venktagiri, HRG Camp, Lingadalli, Mukumpi, Chikkbenakal.
• Q1FY27 operating revenue ₹586.64 million; EBITDA ₹154.31 million; PAT ₹111.68 million.
• Order book stood at ₹8,508.96 million as of 31 July 2026.

Financial highlights

• Q1 FY27 operating revenue: ₹586.64 million.
• Q1 FY27 EBITDA: ₹154.31 million.
• Q1 FY27 PAT: ₹111.68 million.
• EBITDA margin: 26.30%.
• PAT margin: 19.04%.
• EPS: ₹4.18.
• QoQ revenue: +6.06% to ₹586.64 million.
• Order book: ₹8,508.96 million as of 31 July 2026.

New orders and pipeline

• Two July 2026 projects valued ₹655.66 million (including GST).
• Order 1: ₹208.92 million from KNNL for irrigation infrastructure.
• Order 2: ₹446.74 million from JNS Infra for lift irrigation.
• Completion timeline: within 11 months.

Outlook and commentary

• Management expects tender activity to normalise and momentum to strengthen.
• Strong order book supports growth and visibility.

Dividend record date (equity shares)

• Record date 16 September 2026 for Rs 2.50 dividend; payable within 30 days of AGM, subject to approval.

Status of dematerialisation/rematerialisation requests

• No dematerialisation/rematerialisation requests were received for 01.04.2026 to 30.06.2026.

Meeting Details

• Date and time: June 25, 2026 at 12:00 Noon IST.
• Type and mode: group earnings call, virtual with listen-only lines.
• Event/organiser: Q4 and FY26 Earnings Conference Call hosted by Denta Water and Infra Solutions.

Participants

• Key participants: Chairman and Executive Director; Managing Director; Whole-Time Director and CFO; Executive Director.

Purpose

• Purpose: discuss Q4 and FY26 financial and operational performance.
• Format includes investor Q&A after presentations.

Additional Notes

• Conference recording: the call was recorded.
• Transcript and presentation: available on the company's website (transcript filed with exchanges).

Business

• Water infrastructure contractor focused on design, installation, commissioning, and maintenance.
• Core expertise includes groundwater recharge, drinking water, wastewater, irrigation, roads, and railways.
• DBOT model supports long-term operations and maintenance revenue.

Operations

• Completed 40 projects and had 38 ongoing projects as of March 31, 2026.
• Order book stood at ₹7,277.76 million, nearly 3x FY26 revenue.
• Won five new STP projects across five districts during FY26.
• Selective expansion planned into Gujarat, Madhya Pradesh, Maharashtra, and Uttar Pradesh.

Financials

• FY26 revenue rose 23.17% year-on-year to ₹2,503.8 million.
• FY26 EBITDA increased 15.32% to ₹834.9 million; PAT rose 15.04% to ₹609.0 million.
• FY26 EBITDA margin was 33.3%; PAT margin was 24.3%.
• Q4FY26 revenue was ₹553.1 million, EBITDA ₹196.1 million, and PAT ₹143.1 million.

Liquidity

• Company described itself as debt-free with a light operating structure.
• Inventory increased during FY26, raising working capital requirements.
• CARE reaffirmed ratings at CARE BBB; Stable / CARE A3+.

Outlook

• Management expects growth from government water infrastructure spending and a healthy tender pipeline.
• Bid win rate was about 75%, supporting revenue visibility.
• Focus remains on high-margin, large-scale projects and expanding groundwater recharge work.

Governance

• Promoter and promoter group held 71.91% as of June 1, 2026.
• Key executives include Chairman and Executive Director C. Mruthyunjaya Swamy and Managing Director Manish Jayasheel Shetty.
• Conference call was proposed for the second week of June 2026.

Internal auditor

• Re-appointed M/s. SPML & Associates Chartered Accountants as internal auditor for FY 2026-27.
• Effective May 25, 2026; terms to be mutually agreed.
• Firm is Surat-based and provides internal audit services.
• Not related to any director.

Cost auditor

• Re-appointed M/s. Girish G R & Associate as cost auditor for FY 2026-27.
• Effective May 25, 2026; remuneration subject to shareholder ratification.
• Bangalore-based cost accountants firm, established in 2016.
• Provides cost audit and related services across industries.
• Not related to any director.