Enviro Infra Engineers Limited , a key player in India's water and wastewater management sector, has reported a strong financial performance for Q2 FY26, with significant growth in profitability and a healthy order book.

Financial Highlights

For the second quarter of FY26, Enviro Infra Engineers achieved the following results:

The company's performance for the first half of FY26 was equally impressive:

Order Book and New Projects

Enviro Infra Engineers' total execution order book stands at over ₹1,800.00 crores, supported by an operation and maintenance portfolio of ₹932.00 crores. The company recently secured a new order worth ₹248.00 crores from Bhopal Municipal Corporation for the EPC of a 60 MLD STP and a 273-kilometer sewer network.

The company has submitted bids for projects worth over ₹8,000.00 crores and maintains its guidance for a fresh order book of ₹2,500.00 crores in FY26. This robust pipeline suggests strong growth potential in the coming quarters.

Renewable Energy Expansion

Enviro Infra Engineers is also making strides in the renewable energy sector. The company is developing two solar assets totaling 69 megawatts and has provided revenue guidance of ₹200.00 crores from renewables for the current financial year.

Management Commentary

Manish Jain, Managing Director of Enviro Infra Engineers, commented on the results during the earnings call: "Q2 has been a period of resilient performance, consistent execution, and continued strategic progress across our key business segments. Despite a seasonally moderated pace of process billing, the company maintained healthy profitability and robust operational momentum, supported by strong order inflows and disciplined execution."

Future Outlook

The company remains optimistic about its growth trajectory, citing increased momentum in bid invitations since January 2025. Management expressed confidence in exceeding the guidance for a fresh order book of ₹2,500.00 crores in FY26.

Enviro Infra Engineers is also diversifying its geographical footprint with new projects across Maharashtra and Odisha, and is making progress in its renewable energy integration strategy, which aligns with its sustainability-led growth roadmap.

With a strong order book, expanding technology footprint, and clear path for profitable and sustainable growth, Enviro Infra Engineers appears well-positioned to capitalize on the growing opportunities in India's water and wastewater management sector.

Enviro Infra Engineers Limited (EIEL) has reaffirmed its positive outlook for the coming years, maintaining its EBITDA margin forecast and setting an ambitious order book target. The company's management shared these updates during a recent conference call, highlighting their confidence in the firm's future performance.

Key Highlights

• EBITDA Margin Forecast: 22-24%
• Order Book Target for FY26: ₹2,500 crore

Financial Performance

The company recently released its unaudited financial results for the quarter and half-year ended September 30, 2025. Here's a snapshot of their performance:

Management's Outlook

The management's decision to maintain the EBITDA margin forecast at 22-24% suggests confidence in the company's operational efficiency and cost management strategies. This outlook is particularly noteworthy given the challenging economic environment many businesses are facing.

The order book target of ₹2,500 crore for FY26 is a strong indicator of the company's growth ambitions. This target, if achieved, would represent a significant expansion of the company's project pipeline and potential future revenue streams.

Recent Corporate Actions

1. The company conducted an earnings conference call on November 5th, 2025, to discuss the financial results for Q2 and H1 FY26.
2. EIEL published its unaudited financial results in major newspapers, demonstrating transparency and compliance with regulatory requirements.

Investor Implications

For investors, the maintained EBITDA margin forecast and ambitious order book target present a positive outlook for Enviro Infra Engineers. The company's ability to sustain profitability while targeting growth could be attractive to both value and growth-oriented investors.

However, it's important to note that these are forward-looking statements and actual results may vary based on market conditions, execution capabilities, and other factors affecting the infrastructure sector.

Investors should continue to monitor the company's quarterly performances and any updates on order inflows to gauge the progress towards the FY26 target.

As always, it is advisable to conduct thorough research and consider one's risk appetite before making investment decisions.