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Denta Water 9M FY26 Revenue Rises 31% to ₹195 Cr; Order Book Robust at ₹841 Cr
Denta Water and Infra Solutions reported a 30.8% YoY increase in 9M FY26 revenue to ₹1,950.67 million, supported by a 34% rise in EBITDA. However, Q3 FY26 saw moderate growth of only 4% due to monsoon-related execution delays and government billing cycles in Karnataka. The company maintains a healthy order book of ₹8,414.82 million and is virtually debt-free. Management has revised its FY26 outlook downward from ₹300 crore to approximately ₹260 crore but expects 30% growth in FY27.
Key Highlights
9M FY26 revenue reached ₹1,950.67 million, up 30.8% YoY, while EBITDA grew 34.02% to ₹708.47 million.
Order book remains strong at ₹8,414.82 million as of December 31, 2025, providing high revenue visibility.
Q3 FY26 revenue growth was muted at 4% YoY (₹53.5 crore) due to project timing and climatic factors in Karnataka.
Management guided for 20% YoY growth in Q4 FY26 and a 30% revenue increase for the full year FY27.
The company is nearly debt-free and expects the working capital cycle to normalize to 95-120 days by year-end.
💼 Action for Investors
Investors should note the management's downward revision of FY26 targets and monitor if execution speed improves in Q4 to meet the new guidance. While the order book is solid, the reliance on government billing cycles and regional weather patterns remains a key risk factor.
Denta Water Q3 Revenue Rises 4.2% to ₹535 Mn; Order Book Strong at ₹8,382 Mn
Denta Water and Infra Solutions reported a steady Q3 FY26 with revenue growing 4.22% YoY to ₹535.20 million, while 9M FY26 revenue surged 30.8% to ₹1,950.67 million. The company maintains a robust profitability profile with 9M EBITDA margins at 36.35% and PAT margins at 26.55%. A significant highlight is the outstanding order book of ₹8,382.33 million as of January 31, 2026, which provides strong revenue visibility for the next three years. Management attributed the performance to accelerated project execution and improved billing realization in the water management segment.
Key Highlights
9M FY26 Revenue grew 30.8% YoY to ₹1,950.67 million compared to ₹1,491.33 million in 9M FY25
Outstanding order book stands at ₹8,382.33 million as of Jan 31, 2026, representing over 4x FY25 annual revenue
Maintained high operating efficiency with 9M EBITDA margins at 36.35% and PAT margins at 26.55%
The company has 26 ongoing projects and has successfully completed 40 projects in water infrastructure to date
Q3 FY26 PAT stood at ₹143.12 million with a healthy PAT margin of 26.74%
💼 Action for Investors
Investors should monitor the company's execution pace given the massive order book which offers multi-year growth visibility. The high margin profile in a specialized infrastructure niche makes this a strong candidate for long-term tracking.
Denta Water Reports 31% Revenue Growth in 9MFY26; Order Book Reaches ₹8,415 Mn
Denta Water delivered a strong performance for the nine months ended December 2025, with revenue growing 30.8% YoY to ₹1,950.67 million. While the 9-month PAT increased by 32.1% to ₹517.40 million, the standalone Q3 performance was relatively flat with revenue up only 4.2% and PAT declining by 4.65%. The company maintains a robust order book of ₹8,414.82 million, providing strong revenue visibility for the future. EBITDA margins remain healthy at 36.32% for the 9-month period, reflecting efficient execution in the water infrastructure sector.
Key Highlights
9MFY26 revenue grew 30.80% YoY to ₹1,950.67 million driven by irrigation and urban water projects
EBITDA for 9MFY26 rose 34.03% to ₹708.47 million with a healthy margin of 36.32%
Order book stands at a robust ₹8,414.82 million as of December 31, 2025, providing long-term visibility
9MFY26 PAT increased by 32.10% YoY to ₹517.40 million despite a slight 4.65% dip in Q3 standalone PAT
EPS for 9MFY26 stood at ₹19.35, reflecting sustained profitability across the nine-month period
💼 Action for Investors
Investors should focus on the strong 9-month growth trajectory and the massive order book which is over 4x the 9-month revenue. Monitor the execution pace in upcoming quarters to ensure the slight Q3 slowdown does not become a trend.
Denta Water Reports INR 841.48 Cr Order Book and INR 377.31 Cr New Orders for 9M FY26
Denta Water and Infra Solutions Limited reported a robust outstanding order book of INR 841.48 Crores as of December 31, 2025. The company secured new orders totaling INR 377.31 Crores during the first nine months of FY26, with INR 161.12 Crores added in the third quarter alone. Recent wins include a subcontract worth INR 30.07 Crores and L1 status in two additional projects. Management remains confident in its execution capabilities despite typical industry-wide seasonal variations in the third quarter.
Key Highlights
Outstanding order book stands at INR 841.48 Crores as of December 31, 2025
Total new orders and L1 positions secured in 9M FY26 reached INR 377.31 Crores
Q3 FY26 (Oct-Dec) contributed INR 161.12 Crores to the new order inflow
Recently awarded a subcontract work worth approximately INR 30.07 Crores
Secured L1 position in two additional projects, pending formal Letters of Award
💼 Action for Investors
Investors should track the conversion of L1 positions into formal contracts and the company's ability to maintain execution momentum. The current order book provides strong revenue visibility for the coming quarters.
Denta Water 9M PAT Rises 32% to ₹51.8 Cr; Order Book Strong at ₹841.5 Cr
Denta Water and Infra Solutions reported a strong performance for the nine months ended December 2025, with consolidated revenue growing 30.8% YoY to ₹195.07 crore. Net profit for the same period increased by 32.2% to ₹51.79 crore, although Q3 saw a sequential dip compared to Q2. The company maintains a robust order book of ₹841.48 crore, representing significant revenue visibility. Furthermore, the board has approved new credit facilities worth ₹116 crore to support ongoing and future infrastructure projects.
Key Highlights
9M FY26 consolidated revenue increased 30.8% YoY to ₹1,950.67 million.
9M FY26 Profit After Tax (PAT) rose 32.2% YoY to ₹517.90 million.
Outstanding order book reached ₹841.48 Crores as of December 31, 2025.
New orders worth ₹161.12 Crores were secured during the October-December 2025 quarter.
Board approved ₹116 Crores in new credit facilities from SBI, HDFC, and Kotak Mahindra Bank.
💼 Action for Investors
Investors should take confidence in the strong 9M growth and the massive order book which provides multi-year revenue visibility. The sequential Q3 dip appears to be a quarterly fluctuation, but the expansion of credit lines suggests the company is gearing up for larger project executions.
Denta Water Q3 PAT at ₹14.3 Cr; Order Book Strong at ₹841.5 Cr
Denta Water reported a mixed performance for Q3 FY26, with consolidated revenue at ₹53.52 crore, a slight YoY increase but a significant sequential drop from ₹74.27 crore in Q2. Net profit for the quarter stood at ₹14.31 crore, down from ₹14.96 crore YoY. Despite the quarterly dip, the 9-month performance remains strong with PAT growing 32% YoY to ₹51.79 crore. The company maintains a robust order book of ₹841.48 crore, providing high revenue visibility for future quarters.
Key Highlights
Consolidated revenue for Q3 FY26 stood at ₹53.52 crore, up 4.2% YoY but down 27.9% QoQ.
Net Profit for the quarter was ₹14.31 crore, compared to ₹14.96 crore in the previous year's corresponding quarter.
Outstanding order book remains healthy at ₹841.48 crore as of December 31, 2025.
Secured new orders worth ₹377.31 crore during the nine-month period, including ₹161.12 crore in Q3 alone.
Board approved new credit facilities totaling ₹116 crore from Kotak Mahindra, SBI, and HDFC Bank for operational needs.
💼 Action for Investors
While quarterly numbers showed sequential weakness, the massive order book of ₹841.5 crore (approx. 4x annual revenue) suggests strong long-term growth. Investors should monitor the execution pace of these orders and the recovery of dues through the initiated CIRP against Core4 Engineers.
Denta Water Q2 Net Profit Jumps 71% YoY to ₹189M; Bags New Projects Worth ₹1.7B
Denta Water and Infra Solutions reported a strong Q2 FY26 with revenue from operations growing 54% YoY to ₹742.69 million. Net profit for the quarter surged 71% to ₹189.28 million compared to ₹110.51 million in the previous year's corresponding quarter. The company also announced significant business momentum, securing new projects and emerging as the lowest bidder (L1) for works totaling approximately ₹1,697.55 million. While the financial performance is robust, the statutory auditor highlighted that trade receivables and payables are currently subject to reconciliation.
Key Highlights
Q2 FY26 consolidated revenue from operations increased 53.8% YoY to ₹742.69 million.
Net profit for the quarter rose 71.3% YoY to ₹189.28 million from ₹110.51 million.
H1 FY26 revenue reached ₹1,415.47 million with a total comprehensive income of ₹375.01 million.
Announced new water management projects and L1 status for works totaling ₹1,697.55 million.
Basic and Diluted EPS for H1 FY26 stood at ₹14.04 compared to ₹12.60 in H1 FY25.
💼 Action for Investors
The company shows strong growth and a healthy order book pipeline which supports future revenue visibility. Investors should maintain a positive outlook but monitor the auditor's note regarding the reconciliation of trade balances.
Denta Water Clarifies Sunil Singhania Investment Article and Sales Growth to ₹200 Crore
Denta Water and Infra Solutions has issued a clarification regarding a previous disclosure about an article involving Sunil Singhania's Abakkus Funds. The company corrected a clerical error, pointing to a Financial Express article that highlights its significant turnaround from ₹1 crore to ₹200 crore in sales. Additionally, the company recently secured four major water infrastructure projects in Karnataka valued at over ₹106 crore. This validation from a prominent investor and the substantial revenue growth trajectory signal strong business momentum for the company.
Key Highlights
Clarified clerical error regarding a disclosure about Sunil Singhania’s Abakkus Funds investment
Highlighted a major financial turnaround with sales growing from ₹1 crore to ₹200 crore
Secured four major water infrastructure projects in Karnataka worth over ₹106 crore
Recognition by national financial media for improved fundamentals and long-term potential
💼 Action for Investors
Investors should monitor the execution of the newly secured ₹106 crore projects and verify the sustainability of the reported ₹200 crore sales turnaround. The interest from a marquee investor like Sunil Singhania adds credibility, but investors should perform independent due diligence on the company's profitability margins.
Sunil Singhania’s Abakkus Funds Acquires 1.3% Stake in Denta Water; H1FY26 Profit at Rs 37 Cr
Sunil Singhania’s Abakkus Funds has acquired a 1.3% stake in Denta Water, signaling confidence in its significant financial turnaround. The company’s revenue surged from Rs 1 crore in FY20 to Rs 203 crore in FY25, with H1FY26 sales already reaching Rs 141 crore. With a robust order book of Rs 720 crore and a high ROCE of 25%, the company is targeting revenue of Rs 500-525 crore by FY28. The stock currently trades at a 15x PE, which is attractive compared to the industry median of 18x.
Key Highlights
Abakkus Diversified Alpha Fund–2 holds a 1.3% stake, one of only two new additions to Singhania's portfolio in the past year.
Net profit rose from zero in FY20 to Rs 53 crore in FY25, with H1FY26 profit already at Rs 37 crore.
Current order book stands at Rs 720 crore with management targeting additional orders of Rs 800-1,000 crore by FY26 end.
Revenue guidance set at Rs 300+ crore for FY26, scaling to Rs 500-525 crore by FY28.
Strong operational efficiency demonstrated by a 25% ROCE and EBITDA growth of over 450% since FY20.
💼 Action for Investors
The endorsement by a marquee investor and strong earnings momentum suggest a positive outlook for this small-cap water infrastructure player. Investors should monitor the company's ability to execute its Rs 720 crore order book and meet its aggressive FY26-FY28 revenue targets.