Enviro Infra Engineers has scheduled its 16th Annual General Meeting (AGM) for Wednesday, September 16, 2026, at 3:00 pm. The meeting will be conducted via video conference or other audio-visual means (OAVM), ensuring no physical presence is required from shareholders. This arrangement aligns with the Companies Act, 2013, and relevant circulars from the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

Meeting Logistics and Voting

The company published pre-intimation regarding the AGM in Financial Express (English) and Jansatta (Hindi) on August 18, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice and annual report for FY25-26 will be sent electronically to shareholders who have registered their email addresses with their depository participants (DPs), the company, or its Registrar and Transfer Agent (RTA).

Remote e-voting will commence on Friday, September 11, 2026, at 9:00 am and conclude on Monday, September 14, 2026, at 5:00 pm. Only shareholders holding shares in dematerialized form as of the cut-off date, Tuesday, September 8, 2026, are eligible to cast their votes. Once a vote is cast during the remote e-voting window, it cannot be altered.

Key Dates and Details

Shareholders who have not registered their email addresses with their DPs are urged to do so to receive all communications, including login credentials for the e-AGM and e-voting systems. The RTA, Bigshare Services Private Limited, will facilitate the voting process, with detailed instructions available on the company’s website and the RTA’s portal.

Compliance and Governance

The meeting will adhere to all applicable provisions under the Companies Act, 2013, including Section 103 regarding quorum calculation for members participating via VC/OAVM. Proxies cannot be appointed for this meeting, as per MCA circulars. The notice and annual report will also be accessible on the company’s website, the stock exchanges’ websites (BSE and NSE), and the NSDL e-voting website for shareholders without registered email IDs.

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). Managing Director Manish Jain added during the earnings call on August 12, 2026, that the company remains focused on disciplined execution and prudent capital allocation.

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:

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. These include a 60 MLD sewage treatment plant at Lohta valued at ₹130 crore and a 45 MLD sewage treatment plant at DDU Nagar valued at ₹126.8 crore. Both projects have an 18-month construction period followed by a 15-year O&M period. With these additions, the HAM portfolio has increased to five projects. The company also secured a new EPC and O&M contract worth ₹113 crore from Sardar Sarovar Narmada Nigam Limited in Gujarat and a renewable energy contract worth ₹207.5 crore through Suyog Urja Limited for land aggregation and balance of plant works.

The company's total order book stands at approximately ₹6,721 crore. The order book details across segments are presented below:

Management indicated that the water and wastewater treatment execution order book of ₹2,696 crore has a timeline of 18 to 24 months, while the renewable energy execution order book of ₹1,948 crore is expected to be executed over 12 to 18 months. The bidding pipeline includes approximately ₹3,000 crore in projects under evaluation and another ₹6,000-7,000 crore where bids have been invited.

Guidance and Outlook

Management reaffirmed its FY27 revenue guidance of ₹2,000 crore and PAT guidance of ₹260-270 crore. Manish Jain stated that the company is well on target to achieve these figures despite a slower start in Q1, attributing the delay to procurement cycles for large BESS projects like the 930-megawatt hour project with NTPC, which will commence in Q3. The company expects a significant jump in topline from Q3 onwards.

Regarding margins, management lowered its EBITDA margin guidance for FY27 to 21-22% from the previous 22-24% range, citing increased raw material costs and higher employee expenses due to team expansion. Employee costs rose to approximately 7% of revenue in Q1, up from 3-3.5% previously, but are expected to normalize to 5-5.5% as revenues scale. Finance costs currently stand at around 4% but are expected to decrease to 3-3.5% as the topline grows.

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.

Management highlighted that the working capital cycle remains "bloated" due to delayed payments from government clients, particularly in the JJM mission, though no bad debts are foreseen. The company maintains sufficient unencumbered funds to meet liabilities. Looking ahead, Enviro Infra Engineers aims for continuous growth of 25-30% annually while maintaining healthy margins, with diversification into overseas markets, desalination, and CBG projects forming part of the long-term strategy.