Enviro Infra Engineers Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 6 Aug 2026 | Other Utilities | Market Cap: ₹3.8K Cr
The company maintains a revenue growth guidance of 35% to 40% year-on-year for FY26, supported by a robust order book and execution pipeline. The company expects to continue organic growth with a targeted top-line growth of 35% to 40% for the current and future years.
From Enviro Infra Engineers Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹195
Market Cap
₹3.8K Cr
P/E Ratio
20.2
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Enviro Infra Engineers Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹427 Cr, net profit ₹54 Cr.
Full financials →📊 Revenue & Sales Performance
- →The company maintains a revenue growth guidance of 35% to 40% year-on-year for FY26, supported by a robust order book and execution pipeline.
- →Order inflow for the current financial year has already reached INR 1,450 crores, with an additional bid pipeline of around INR 8,000 crores, indicating strong future order visibility.
- →The renewable energy segment targets revenues of around INR 200 crores in FY26, with plans to increase to INR 500 crores by FY27, growing further at 40% to 50% annually thereafter.
- →Top line growth in H2 is expected to be stronger, historically constituting about 60% of the annual revenue.
- →The company aims to sustain EBITDA margins of 22% to 24% amid growth, driven by better product mix focusing on wastewater treatment.
- →The Bengaluru and Maharashtra markets present significant opportunities over the next 3 years, supporting expansion in sales volumes.
📈 Profitability & Margins
- →The company expects to continue organic growth with a targeted top-line growth of 35% to 40% for the current and future years.
- →EBITDA margins are guided to be maintained in the range of 22% to 24%, with potential for better margins due to improved product mix focused on wastewater treatment.
- →Profit after tax (PAT) growth is strong, with PAT margin guidance around 18.7% for H1 FY26 and sustainable growth expected ahead.
- →Operating cash flow (OCF) is targeted to turn positive in the current financial year, resolving previous gaps between EBITDA and cash flows.
- →Renewable segment revenues are expected to grow from INR 200 crores in the current year to INR 500 crores by FY27, with a growth rate forecast of 40% to 50% annually in this vertical.
- →Overall, the company expects to maintain profitability while scaling revenues through expanding order books and sustainable project wins.
🏗️ Capital Expenditure Plans
💰 Fundraising & Capital Structure
- →The company is increasing long-term debt slightly in the current financial year due to execution of two Hybrid Energy Management (HEM) projects (Mathura and Saharanpur solar assets).
- →Debt is being drawn progressively as project execution advances; long-term borrowings increased by roughly INR 34 crores.
- →Short-term borrowings also increased by about INR 27 crores, mainly due to trade finance facilities used to pay MSME vendors within 45 days while repayment to banks is done in 90 days.
- →Interest rate on such short-term borrowing is around 7-7.5%.
- →No explicit mention of new equity fundraising was made in the available excerpts.
- →IPO funds previously raised are parked in fixed deposits but no fresh equity issuance is indicated for the current or immediate future.
- →Management is focused on positive operating cash flows and controlled borrowing mainly related to renewable projects execution.
📋 Order Book & Pipeline
- →Current execution order book as of September 30, 2025: Over INR 1,800 crores.
- →Additional operational and maintenance (O&M) portfolio: INR 932 crores.
- →Recent new order from Bhopal Municipal Corporation: INR 248 crores.
- →Total execution order book now exceeds INR 2,000 crores.
- →Fresh order inflow in current financial year so far: INR 1,450 crores (including Bhopal order).
- →Submitted bids with results awaited: Over INR 8,000 crores.
- →Guidance for fresh order book for FY '26: INR 2,500 crores (expected to be exceeded).
- →Success rate for bids is conservatively estimated at 15-20%.
- →Anticipated total order book for the year expected around INR 2,500 crores.
- →No slowdown expected; typical government evaluation timelines cause delays (120-180 days).
Key Metrics
Frequently Asked Questions
What were Enviro Infra Engineers Ltd Q2 FY26 results?
The company maintains a revenue growth guidance of 35% to 40% year-on-year for FY26, supported by a robust order book and execution pipeline. The company expects to continue organic growth with a targeted top-line growth of 35% to 40% for the current and future years.
What is Enviro Infra Engineers Ltd share price analysis?
Enviro Infra Engineers Ltd currently shows a neutral. The stock trades at a P/E of 20.2 with a market cap of ₹3,828 Cr. Investors should review the full earnings analysis for detailed insights.
Is Enviro Infra Engineers Ltd planning capital expenditure?
Enviro Infra Engineers is progressing on two major solar assets: - A 40 MW solar asset at Balangir, Odisha, with 24 MW operational and installation underway for the remaining 16 MW; expected completion by April 2026.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.