Enviro Infra Engineers reported a consolidated revenue from operations of ₹3,592 million for the quarter ended June 30, 2026 (Q1FY27), marking a 49.1% year-on-year increase from ₹2,409 million in Q1FY26. The top-line growth was primarily fueled by the expansion of its renewable energy segment, which contributed ₹1,042 million (29% of total revenue), up from negligible levels in the prior year. Consolidated net profit after tax (PAT) stood at ₹399 million, compared to ₹420 million in the same period last year. EBITDA stood at ₹757 million, reflecting a margin of 21.07%, up from 18.25% in Q1FY26. The Board of Directors approved the unaudited financial results on August 11, 2026, in compliance with Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Statutory Auditors SS Kothari Mehta & Co. LLP issued an unmodified limited review report, and the results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34). Chairman and Whole-time Director Sanjay Jain highlighted that the quarter reflected steady execution in core water infrastructure while strengthening the renewable energy platform across solar, wind, and Battery Energy Storage Systems (BESS).
Financial Performance
Standalone revenue from operations grew 5.8% year-on-year to ₹2,458 million, while standalone net profit declined 12.3% to ₹358 million from ₹408 million in Q1FY26. This divergence underscores the significant contribution of subsidiaries and joint ventures to the group's overall profitability. Consolidated profit before tax (PBT) was ₹585 million, compared to ₹572 million in the previous year quarter. Basic EPS for the consolidated entity was ₹2.27, down from ₹2.39 in Q1FY26.
The following table summarises the key financial metrics across consolidated and standalone performance:
| Metric |
Consolidated Q1FY27 |
Consolidated Q1FY26 |
Standalone Q1FY27 |
Standalone Q1FY26 |
| Revenue from Operations (₹ Mn) |
3,592 |
2,409 |
2,458 |
2,324 |
| EBITDA (₹ Mn) |
757 |
440 |
- |
- |
| EBITDA Margin (%) |
21.07% |
18.25% |
- |
- |
| Net Profit After Tax (₹ Mn) |
399 |
420 |
358 |
408 |
| Profit Before Tax (₹ Mn) |
585 |
572 |
467 |
547 |
| Basic EPS (₹) |
2.27 |
2.39 |
2.04 |
2.32 |
The EPC Construction segment remains the primary revenue driver, accounting for ₹3,030 million (84% of revenue). The Renewable Energy segment, reported separately for the first time, contributed ₹1,042 million. Within water infrastructure, Water and Wastewater Treatment Plants (WWTPs) contributed ₹1,801 million (50%), while Water Supply Scheme Projects (WSSPs) added ₹553 million (15%).
Strategic Developments and Order Book
During the quarter, Enviro Infra Engineers expanded its footprint through two key acquisitions. Its subsidiary, EIE Renewables Private Limited, entered into a Share Purchase Agreement with existing shareholders of PRA Bihar BESS Private Limited on April 21, 2026, acquiring immediate control with the remaining 51% equity to be acquired within 60 days of commercial operation. Additionally, EIE Renewables acquired 51% equity in Suyog Urja Limited via an agreement dated April 28, 2026. Both entities have been consolidated into the financial statements from their respective effective dates.
A major highlight was the award of two Hybrid Annuity Model (HAM) projects worth ₹256.92 crore in Varanasi under the Namami Gange Programme. The company's order book details across segments are presented below:
| Order Book Segment |
Value (₹ Mn) |
| Total Water Segment |
36,938 |
| WWTP-EPC Projects |
21,843 |
| O&M Contracts |
9,976 |
| Total Renewable Segment |
30,270 |
| BESS Projects |
11,080 |
| Wind Projects |
7,000 |
What the Numbers Show
The widening gap between consolidated and standalone performance indicates that recent acquisitions are already contributing meaningfully to the group's revenue base. While standalone operations faced margin pressure—evidenced by a 14.6% drop in standalone PBT despite revenue growth—the consolidated figures reflect an expanding EBITDA margin, rising to 21.07% from 18.25% in Q1FY26. This improvement suggests that the acquired entities, particularly in the renewable energy space, are providing higher-margin revenue streams. The decline in standalone net profit alongside consolidated revenue expansion reflects the capital-intensive nature of the newly integrated renewable assets, with increased depreciation of ₹87 million versus ₹32 million and finance costs of ₹145 million versus ₹70 million year-on-year. The recovery of ₹0.99 lakh from a past cyber fraud, recorded as an exceptional item, had a negligible impact on the overall financial position.