Cyber fraud incident
A cyber fraud of ₹11.15 crore was detected in Q1; ₹4.95 crore charged as exceptional item. Recovery of ~₹8.5 crore is expected but not guaranteed.
EIEL / Q1-FY26 / risks
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Enviro Infra Engineers · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
high
Government payment delays
Analyst raised concern about stressed government finances impacting receivables. Management acknowledged past delays in JJM scheme but said worst is over.
Arbitration with Karnataka government
An investor flagged a recent litigation/arbitration with Karnataka. Management explained it as a routine contractual dispute, but outcome is uncertain.
Execution risk from rapid order book growth
Order book more than doubled YoY to ₹2,551 crore; management expects 80-85% conversion of old orders this year, but execution delays could impact revenue.