Did management answer the analysts?
12 analyst questions audited, 5 evaded or deflected.
View Claim Ledger →Denta Water reported a mixed Q3 FY26 with 9M revenue of ₹195.07 crore (+30.8% YoY) and EBITDA of ₹70.85 crore (+34% YoY), but Q3 standalone revenue was flat at ₹53.52 crore, missing the earlier guidance of ₹300 crore for FY26.
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Denta Water reported a mixed Q3 FY26 with 9M revenue of ₹195.07 crore (+30.8% YoY) and EBITDA of ₹70.85 crore (+34% YoY), but Q3 standalone revenue was flat at ₹53.52 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 crore, providing 2-2.5 years of visibility. Guidance for FY27 is 30% revenue growth, 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.
12 analyst questions audited, 5 evaded or deflected.
View Claim Ledger →Execution delays due to monsoon and government billing cycles
View Risks →Full transcript text is available on this route.
Read Transcript →Order book as of Dec 31, 2025, up from ~₹750 Cr a year ago.
Bagged 5 STP orders and 1 water supply project in Q3.
Management expects improvement in Q4 but remains elevated.
Maximum project size the company can execute independently.
Management expects 30% revenue growth in FY27 compared to FY26, driven by healthy order book.
Q3 revenue was flat due to monsoon and delayed billing; similar seasonal risks persist.
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