Denta Water and Infra Solutions has secured new orders worth ₹65.56 crore from Karnataka Neeravari Nigam Limited and JNS Infra Projects Private Limited for irrigation infrastructure projects in Karnataka. The orders involve improvements to pickup canals and the construction of lift irrigation schemes under the KMERC Grant, with execution timelines set at 11 months.

Order Details

The company received a Letter of Acceptance (LOA) from Karnataka Neeravari Nigam Limited and a subcontract from JNS Infra Projects Private Limited. Both orders are from domestic entities and fall within the related party transaction framework for the subcontract, executed at arm's length.

Key Highlights

• The KNNL order includes operation and maintenance for 5 years after completion.
• The JNS Infra subcontract is a related party transaction conducted at arm's length.
• Both projects are located in Ballari Taluk and District under the KMERC Grant.

Denta Water and Infra Solutions Limited reported a 15% year-on-year increase in net profit to ₹609 million for the financial year ended March 31, 2026, driven by a 23% rise in revenue from operations to ₹2,503.8 million. The company’s operational performance was supported by an outstanding order book of ₹7,277.76 million across 38 ongoing projects as of March 31, 2026. Management has projected a minimum revenue growth of 20% for FY27, aiming to maintain healthy profit margins while executing a mix of high-value and quick-turnaround projects.

The Board of Directors approved the audited standalone and consolidated financial results on May 25, 2026. The statutory auditors, Maheshwari & Co., issued an audit report with an unmodified opinion. The company re-appointed M/s. SPML & Associates Chartered Accountants as Internal Auditor and M/s. Girish G R & Associate as Cost Auditor for the financial year 2026-27.

Financial Performance

The company recorded a profit before tax of ₹819.26 million for FY26, compared to ₹715.62 million in the previous year. Total revenue for the year increased to ₹2,594.32 million. For the quarter ended March 31, 2026, profit after tax stood at ₹91.04 million, while revenue from operations was ₹553.12 million.

Operational Highlights and Guidance

During the year, the company strengthened its organisational structure by increasing its headcount to 79 and appointing senior-level professionals. It adopted a prudent financial approach by maintaining corporate fixed deposits and mutual fund investments for liquidity management. The company successfully secured certain Sewage Treatment Plant (STP) projects to ensure quicker execution and fund rotation. It is also in the preliminary stage of implementing an Enterprise Resource Planning (ERP) system to enhance operational control.

Management stated that the company maintains a zero-debt profile, except for minor funds from NBFCs for day-to-day operations. They anticipate a healthy increase in the order book, supported by the new government's focus on infrastructure projects like Jal Jivan Mission and Amrut 2. The company is currently bidding for 5 to 6 tenders valued at around ₹600 crores.

The Independent Auditor's Report highlighted that balances in trade receivables and trade payables are subject to confirmation and reconciliation. The classification of trade payables as MSME and others is based on available information with the management. The auditors stated that no material adjustments are expected upon reconciliation.