Greenleaf Envirotech has secured a work order worth approximately ₹1.92 crore from Advent Envirocare Private Limited for the construction of a Zero Liquid Discharge (ZLD) plant. The contract entails civil construction works for a 2000 KLD capacity ZLD-based Common Effluent Treatment Plant (CETP) located at SIPCOT, Perundurai, Tamil Nadu. This project win expands the company's order book in the environmental infrastructure sector.

Contract Details and Execution Timeline

The work order is for civil, structural, and allied works associated with the CETP. Operations are scheduled to commence on June 26, 2026, with a total execution period of four months, which includes one month allocated for hydro testing and finishing. The contract value is approximately ₹1.92 crore, excluding applicable GST, though the final amount is subject to variation based on actual execution and quantities utilized.

Payment Terms and Conditions

Payment under the agreement will be milestone-based. The terms stipulate that 90% of the amount will be payable against certified work, while 10% will be retained as retention money. The agreement also includes provisions for liquidated damages in case of delays and a 12-month defect liability period. Additionally, the contract mandates compliance with statutory and insurance requirements, along with specific quality and safety obligations.

Greenleaf Envirotech Limited reported a 56% year-on-year increase in revenue from operations to ₹60.61 crore for the financial year ended March 31, 2026. The growth was driven by strong execution in wastewater treatment and environmental infrastructure projects. Profit after tax (PAT) for the year rose 57.5% to ₹7.23 crore, while EBITDA grew 57.2% to ₹12.52 crore. The company’s current order book stands at approximately ₹95 crore, providing strong revenue visibility for the coming years.

The financial performance was underpinned by a robust second half, with H2 FY26 revenue reaching ₹39.54 crore, a 39% increase compared to the corresponding period in the previous year. PAT for H2 FY26 stood at ₹4.35 crore. The company maintained healthy operational profitability with an EBITDA margin of approximately 20.7% for the full year, supported by operational efficiency improvements and cost optimization initiatives.

Financial Performance

The income statement highlights a consistent growth trajectory across both halves of the fiscal year. Total expenses for FY26 were ₹51.12 crore, up from ₹32.80 crore in FY25, primarily due to increased material consumption and employee benefit expenses associated with higher project execution.

Strategic Positioning

Greenleaf Envirotech Ltd is evolving from a traditional EPC contractor into an integrated environmental infrastructure and technology company. Its strategic pillars include proprietary technology development, specifically the GAC-SBR wastewater treatment technology, and recurring revenue generation through infrastructure ownership and services. The company is developing a 10 MLD Common Effluent Treatment Plant (CETP) in Sayan, Gujarat, through its subsidiary, Greenleaf Eco Infra.

The company operates a NABL-accredited environmental laboratory recognized under the Environment (Protection) Act, 1986 by the Ministry of Environment, Forest and Climate Change (MoEF&CC). Key management figures include Kalpesh Goti, Chairman & Managing Director, and Harish Bhutra, CFO.