Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹55.31 Cr
verified against source
Revenue YoY
2.2%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Denta Water reported Q4 FY26 revenue from operations of ₹55.3 crore, a modest 2.2% YoY increase, while PAT stood at ₹6.9 crore. Full-year revenue grew 23% YoY to ₹205.4 crore, driven by steady execution in water infrastructure projects. However, Q4 margins compressed sharply to ~19% due to a shift toward smaller, lower-margin projects and raw material cost inflation from petroleum-linked PVC/HDPE pipes. The order book stood at ₹727.8 crore as of March 2026, down from ₹841 crore in December 2025, partly due to delayed new tenders amid Karnataka's political transition. Management guided for ~20% revenue growth in FY27 and EBITDA margins of 25-30%, but acknowledged risks from government payment delays and input cost volatility. The new government's push for Jal Jeevan Mission and AMRUT projects offers a positive catalyst, though near-term margin recovery remains uncertain.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects revenue from operations to grow by approximately 20% in FY27, driven by new order wins and execution of existing projects.
- Management guided for EBITDA margins in the range of 25-30% for FY27, down from the 33% level seen in earlier quarters, due to a mix of project sizes.
- Management expects to announce new orders worth ₹600 crore from ongoing bids, with announcements likely in the coming quarters.
Risks flagged
- PVC and HDPE pipe prices have increased due to petroleum product shortages from the Iran-US war, impacting margins. Management is negotiating with suppliers but cannot fully pass on costs.
- Payments from government projects slowed in Q3-Q4 FY26 due to political transition. Management expects normalization from July-August 2026, but delays remain a risk.
- Order book fell from ₹841 crore to ₹727.8 crore in Q4, partly unexplained. Management attributed it to project completions and inventory buildup, but the drop exceeds revenue recognized.
Key quotes
- We always try to achieve a good profit mix. If we bag high value work orders, profit margins will be long and sustained. If we do go for small projects, profit margins will be marginalized.
- We are aggressively looking for the work orders and we'll try to achieve more turnover than last year, and we are aggressively bidding for five to six tenders in coming quarter.
- We'll try to maintain the same... we'll try to maintain roughly about 30% [EBITDA margin].
Research modules