Denta Water and Infra Solutions

Denta Water reported a mixed Q3 FY26 with 9M revenue of ₹195.07 croreCurrent reported value: ₹195.07 crore. No comparable prior figure is available in the source record. (+30.8Current reported value: 30.8. No comparable prior figure is available in the source record.% YoY) and EBITDA of ₹70.85 croreCurrent reported value: ₹70.85 crore. No comparable prior figure is available in the source record. (+34% YoY), but Q3 standalone revenue was flat at ₹53.52Current reported value: 53.52. No comparable prior figure is available in the source record. crore, missing the earlier guidance of ₹300 crore for FY26. Management attributed the slowdown to project milestone timing and monsoon-related delays in Karnataka. The order book stands at ₹841 croreCurrent ₹841 crore. Reported change: +12% YoY., providing 2-2.5 years of visibility. Guidance for FY27 is 30% revenue growthCurrent reported value: 30% revenue growth. No comparable prior figure is available in the source record., down from earlier expectations. Key risks include continued execution delays, elevated working capital (90-120 day cycle), and failure to convert the ₹400 crore Karnataka mining rehabilitation orders. The company remains debt-free but faces credibility challenges after missing guidance.