Denta Water and Infra Solutions Limited — Q4 FY26

Denta Water and Infra Solutions Ltd Q4 FY2025-26 Earnings Conference Call https://www.youtube.com/watch?v=wYLXokFrbpA Published: 16h ago

0:02 2 seconds Ladies and gentlemen, good afternoon and welcome to Q4 and FI26 earnings conference call for Denta Water and 0:09 9 seconds Infra solutions limited. We have with us today Mr. Sri Rutun Swami chairman and executive director Mr. Manish Jaciel 0:18 18 seconds Shetty managing director Mr. Sujit TR wholetime director and CFO of the company. Miss Ha HM executive director. 0:28 28 seconds As a reminder, all participant lines will be in the listenon only mode. And there will be an opportunity for you to ask questions after the presentation 0:35 35 seconds concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchstone. Please note that this conference is being recorded. 0:46 46 seconds I now hand the conference over to Mr. C. 0:49 49 seconds Mhortunja Swami chairman and executive director for his opening remarks and to share with the audience the company's performance in Q4 and FI26. Thank you. 1:01 1 minute, 1 second Welcome to all of I am S. Mutanj Swami chairman and 1:08 1 minute, 8 seconds executive director Denta water and infra solution private limited. I warmly welcome all of you to Dental Water and 1:18 1 minute, 18 seconds Infra Solutions Limited earning conference call to discuss our financial and operational performance for the 1:25 1 minute, 25 seconds fourth quarter and full year ended 31st March 2026. 1:32 1 minute, 32 seconds Thank you for taking the time to join us today and for your continued trust and support in our company. Financial year 1:41 1 minute, 41 seconds 2526 has been another year of steady growth and disciplined execution for 1:47 1 minute, 47 seconds data. During the year our revenue from operation increased to 205 or 3.8 1:55 1 minute, 55 seconds million registering a growth of over 23% compared to the previous year. Our AIA 2:03 2 minutes, 3 seconds grow to 834.9 million and profit after tax as it got 2:10 2 minutes, 10 seconds increased to 69 million. Dent continues to strengthen its position as a water 2:17 2 minutes, 17 seconds infrastructure company with expertise in groundwater recharging, drinking water supply, irrigation, waste water 2:26 2 minutes, 26 seconds management and our focus is on the projects with which we extract the water 2:33 2 minutes, 33 seconds from natural resources like dams, rivers and we supply water to the habitation both rural and also urban. 2:43 2 minutes, 43 seconds Once water is supplied at the rate fixed by the government say 135 L in rural 2:49 2 minutes, 49 seconds sector and 150 L in urban sector the water consumed by the man will get 2:55 2 minutes, 55 seconds converted into sewage. This CH collection process also we are involved and right now we are implementing 3:03 3 minutes, 3 seconds several projects where we can do we can establish the C treatment plan so that 3:10 3 minutes, 10 seconds the C which is generated from households will be treated in fact for your kind information our company has bagged from 3:18 3 minutes, 18 seconds three to four major FTP establishment projects covering around 15 to 16 cities all across Karnataka. 3:28 3 minutes, 28 seconds And once the sewage water gets treated that water will be pumped back into the ground as a means of groundwater 3:35 3 minutes, 35 seconds recharging. Thus whatever is taken out from the nature is being pumped back into the nature so that our future 3:43 3 minutes, 43 seconds mankind should have adequate water resources and it should be a self- 3:50 3 minutes, 50 seconds sustaining model. Our focus remains on delivering the projects that contribute meaningfully to India's water security 3:58 3 minutes, 58 seconds and long-term infrastructure development. As of March 31st, 2026, our 4:06 4 minutes, 6 seconds outstanding order book stood at approximately 7,000 to 78 million across 38 ongoing projects, providing strong revenue visibility for the coming year. 4:18 4 minutes, 18 seconds The majority of our order book continues to come from water management segment which remains our core area of expense 4:27 4 minutes, 27 seconds of expertise. During the year we expanded our presence through new projects in drinking water and sewage 4:35 4 minutes, 35 seconds treatment infrastructure. Our execution track record remains strong with 40 projects successfully completed as on 4:42 4 minutes, 42 seconds date. We also continue to benefit from our integrated capabilities covering design, engineering, project execution, 4:51 4 minutes, 51 seconds commissioning, operations and maintenance. In these capabilities, we are striving to build new technology 5:00 5 minutes into establishment of su treatment plant. Our core area is on water as I told you earlier and in that one 5:08 5 minutes, 8 seconds treating the suage water is one of the core focus area that we are trying to concentrate in this field we are 5:17 5 minutes, 17 seconds thinking new technologies like NBR technology and cameas based technologies with which we will be able to achieve 5:25 5 minutes, 25 seconds almost 95% purity in treatment of water in this model we We have also let 5:34 5 minutes, 34 seconds out some of the some of the work on subcontract matter since these technologies are all patented and our uh 5:42 5 minutes, 42 seconds company wants to focus on core areas and we have also invested many of the work 5:49 5 minutes, 49 seconds on subcontract basis and on we are maintaining 5:56 5 minutes, 56 seconds I mean very huge projects where we can have long-term profit margin And also we try to get some quick 6:05 6 minutes, 5 seconds completion project where the margin will be on a moderate basis. So we try to maintain the good margin and our AITA 6:15 6 minutes, 15 seconds estimates almost on similar line except for a small variation in the AITA and 6:22 6 minutes, 22 seconds also fat. Even though there is a small variation in EITA back but our value 6:29 6 minutes, 29 seconds volume of profit has got increased and our company is again maintaining a zero 6:36 6 minutes, 36 seconds death profile except for few fund check income NBFC for our day-to-day operation 6:44 6 minutes, 44 seconds and our cash results are healthy our profit margins are good and our execution of the projects are also on 6:53 6 minutes, 53 seconds timely model and we are we are trying striving to complete all ongoing projects and also for your kind 7:01 7 minutes, 1 second information we are trying to back new order as you know our Karnataka had experienced a change in Lord a new 7:10 7 minutes, 10 seconds government has taken place in the month of May end first week and for since last 7:16 7 minutes, 16 seconds 6 months due to some political equations the government was 7:22 7 minutes, 22 seconds under uh not under active mode and now the new government is taking all initiative to push up infrastructure 7:30 7 minutes, 30 seconds projects. So in in new of this scenario, we we are in aggressive mode and we are 7:37 7 minutes, 37 seconds expecting good tenders to be floated and we are also trying to participate in those tenders and we will try to 7:44 7 minutes, 44 seconds intimate to the stock exchanges and also to you the new order book shortly which 7:52 7 minutes, 52 seconds we we do expect and we announce in regular course of time. With this 7:58 7 minutes, 58 seconds introductory remarks, I hand over my mic back to my PR agency to start earnings call. 8:08 8 minutes, 8 seconds Okay. Yes, please. Shall we open the line for the Q&A? Yes, please. 8:13 8 minutes, 13 seconds Thank you. We will now begin the question and answer session. Anyone who wishes to ask a question may press star and one on touchstone telephone. If you 8:22 8 minutes, 22 seconds wish to remove yourself from the question queue, you may press star and two. Participants are requested to use handset while asking your question. 8:30 8 minutes, 30 seconds Ladies and gentlemen, we'll wait for a moment while the question Q assembles. 9:05 9 minutes, 5 seconds The first question comes to the line of Himanchu with MB Investment. Please go ahead. 9:13 9 minutes, 13 seconds Hi, I just uh wanted to uh know the update on what is happening uh uh with the El Nino situation. Are we getting in 9:21 9 minutes, 21 seconds more orders and is there like a trajectory where uh the orders uh the order flow is going to sign 9:29 9 minutes, 29 seconds significantly jump and uh the other question is update on the payment status from government projects government related projects. 9:38 9 minutes, 38 seconds Our managing director Manish Shetti will answer. 9:41 9 minutes, 41 seconds Hi hi everyone. uh we this year as a new government has formed we are aggressively looking for the work orders 9:49 9 minutes, 49 seconds and we'll try to uh achieve more the more turnover than last year and we are aggressively 9:56 9 minutes, 56 seconds bidding for uh five to six tenders in coming uh quarter we will try to announce new order books 10:06 10 minutes, 6 seconds and the government pay and this year uh this year the financial stability of the government looks better and we may get a 10:14 10 minutes, 14 seconds good payment uh as there is only uh uh shortfall of revenue is not that as much 10:22 10 minutes, 22 seconds as how is that considered in addition to what my managing director 10:28 10 minutes, 28 seconds told to all of you. I do like to answer that JG1 mission has been pushed 10:35 10 minutes, 35 seconds aggressively by the government in its latest budget speech and our product 10:41 10 minutes, 41 seconds mix. Our project mix is GIA mission and Amruti 10:48 10 minutes, 48 seconds and also under Swatch Bat we have bagged new establishment of new STPs. Swajbat 10:55 10 minutes, 55 seconds is a dedicated fund. It has been already allotted by government of India and we are uh as far as new projects are 11:03 11 minutes, 3 seconds concerned we are assured of quick and timely payment as soon as we submit the bill. 11:11 11 minutes, 11 seconds All right. Uh has there been any once again I have a follow-up question. Uh has there been any uh water shortage 11:17 11 minutes, 17 seconds seen due to the uh super elino expected this year and what is the current has the has there been any improvement in 11:25 11 minutes, 25 seconds the current uh status of uh government payments that is that is my follow-up question 11:32 11 minutes, 32 seconds there is there is uh as there is there lot of ministry portfolios have been not allowed yet the government I think they 11:40 11 minutes, 40 seconds will start the payment aggressively from the July month or August there's continuous followup from all the contractors and from us also. So the 11:48 11 minutes, 48 seconds government will be aggressively doing the payment from the July end or August 11:56 11 minutes, 56 seconds and uh and is there any water sorted thing? 12:00 12 minutes Right now it's the uh this month there is a little deficient of rain but there is no it's not affecting our 12:08 12 minutes, 8 seconds projects. We have we are well availability of water is there in our project sites. So there is no concern of water availability for the project sites. 12:17 12 minutes, 17 seconds No, my question is uh is has there been water shortage that's been seen uh around the country because there's news coming out in Maharashtra that there are 12:25 12 minutes, 25 seconds only 40 days of water left. So people uh I hear news 12:36 12 minutes, 36 seconds there is as such no acute shortage in state of Karnataka. All our reservoirs are filled to the level of 20 to 25%. 12:46 12 minutes, 46 seconds But there is widespread monsoon rain and people are not facing acute shortage of 12:53 12 minutes, 53 seconds water for drinking and as far as our project implementation is concerned. We 12:59 12 minutes, 59 seconds do depend on the existing reservoirs. We storage will be there to provide drinking water to the people. So not a 13:09 13 minutes, 9 seconds precarious situation state of all right thank you so much 13:19 13 minutes, 19 seconds thank you a reminder to all the participants that you may press star and one to ask questions. Next question comes from the line of Rohit Warma with VHMA associates. Please go ahead. 13:37 13 minutes, 37 seconds Mr. Mr. Warma please go ahead with the question. 13:43 13 minutes, 43 seconds Mr. Wma please unmute yourself and go ahead with the question. Hello. Hello. Hello. Yes, please go ahead. Welcome. 13:51 13 minutes, 51 seconds So my question is like what do you see as the key business risk going forward and like how are you mate? How are you planning to mitigate them? 14:02 14 minutes, 2 seconds Can you repeat? Hello. Can you repeat? 14:08 14 minutes, 8 seconds Yeah, sure. So, what do you see as the key business risk going forward and how are you planning to mitigate them? 14:21 14 minutes, 21 seconds Okay. Actually business risk is not much since we are all committed projects 14:28 14 minutes, 28 seconds and probably there will be the risk which we are forcing is due to Iran US war there was shortage of petroleum 14:37 14 minutes, 37 seconds products our 20 to 30% of the raw material is upvcp and HTP pipe which are 14:46 14 minutes, 46 seconds dependent on petroleum product and the prices have got increased in uh fourth 14:55 14 minutes, 55 seconds quarter and also in the month of April and May. Anyhow, since we had placed supply orders in long back anticipating 15:04 15 minutes, 4 seconds some variation in prices that mitigation we are trying to minimize some ofers are 15:11 15 minutes, 11 seconds asking for increased cost and we are negotiating very hard. I've got two senior personnel in my organization who 15:20 15 minutes, 20 seconds do bargain very hard and ensure that the company does not get burdened with huge amount of increase in prices of raw 15:29 15 minutes, 29 seconds materials. Apart from this as our managing director was telling our new government has taken place and they are 15:37 15 minutes, 37 seconds trying to rationalize the expenditure on guarantees and trying to rationalize income revenue generation flow so that 15:46 15 minutes, 46 seconds all our infrastructure projects are made to be put on cross track mode. So these 15:54 15 minutes, 54 seconds two are the main risk which we are seeing since any monsoon is not so active. So we may not see much 16:01 16 minutes, 1 second disruption in our uh work schedule and we have to anticipate some small uh variations in time schedules and these 16:10 16 minutes, 10 seconds two or three small items for which we may have to incur some risk and we are ready to face those things and we have 16:17 16 minutes, 17 seconds taken lot of precautions to ensure that our projects are executed on timely manner with economical cost. 16:29 16 minutes, 29 seconds Okay sir. Thank you. Thank you. 16:34 16 minutes, 34 seconds Thank you. A reminder to all the participants that you may press star and want to ask a question. Next question comes from the line of pages Kandelwal with prudent equity. Please go ahead. 16:46 16 minutes, 46 seconds Oh uh hello am I audible? Yes you are audible. Yeah thank you for the opportunity sir. 16:52 16 minutes, 52 seconds Uh I wanted to ask the order influence for F27 and uh what kind of uh orders can we execute from the current order book in in this financial year? 17:06 17 minutes, 6 seconds Right now our outstanding order book is 7277.76 million 17:13 17 minutes, 13 seconds and as as we informed earlier we are trying to back new orders which are 17:21 17 minutes, 21 seconds basically in water sector so that our core area of expertise can be utilized better and we anticipate a good healthy 17:30 17 minutes, 30 seconds increase in order book and as soon as we get the new order book we do announce it 17:37 17 minutes, 37 seconds and we expect a very helpful increase in work order. 17:44 17 minutes, 44 seconds Okay. But can you give the guidance of execution in F27? How much can we execute? 17:50 17 minutes, 50 seconds There will be there will be 20% growth in revenue that is the minimum revenue projections which we are having. 18:00 18 minutes Okay sir. And sir on the margin side as we as we are able to see that the crude has started to normalize normalize 18:07 18 minutes, 7 seconds again. So can we uh can we look at the margin normalization 18:14 18 minutes, 14 seconds orient in this financial year? We always try to achieve a good profit mix. As I 18:21 18 minutes, 21 seconds told you earlier, if we bag high value work orders, profit margins will be long and sustained that we can add on to the 18:31 18 minutes, 31 seconds project mix. If we do go for small projects where we can execute the work quickly and we can achieve a good 18:38 18 minutes, 38 seconds revenue, profit margins will be marginalized. But however our company is trying to maintain volume both profit 18:47 18 minutes, 47 seconds wise and also revenue order bookwise so that the investors are rewarded with 18:53 18 minutes, 53 seconds very good value based on the increased volume of profit which we are anticipating and we don't uh we do 19:01 19 minutes, 1 second strive very hard to maintain and improve on the volume of the profit. 19:07 19 minutes, 7 seconds Okay. Okay sir. Answer in the current order book do we have the price escalation clause? 19:12 19 minutes, 12 seconds Yes. Almost all projects more than 100 crores we have got price escalation. 19:17 19 minutes, 17 seconds Less than 100 crores we don't have price escalation. 19:20 19 minutes, 20 seconds Okay sir. That's all from my s. Thank you. 19:27 19 minutes, 27 seconds Thank you. A reminder to all the participants that you may press star and one to ask a question. Next question comes from the line of mrica. It's a fire capital. Please survive. 19:38 19 minutes, 38 seconds Hello. Good morning. Hello. Hi. Yes, you're audible madam. 19:46 19 minutes, 46 seconds Yeah. Hello. Um, so the last two quarters we've seen a decline in our execution. Any sort of uh issues? Why 19:54 19 minutes, 54 seconds this has happened? Um just a bit of color of that. 20:01 20 minutes, 1 second Last quarter revenue has increased by 12 crores. 20:06 20 minutes, 6 seconds uh I'm not talking year on year I'm talking quarter on quarter. So the first and the second quarter of 20 FI26 we had 20:13 20 minutes, 13 seconds a good run rate execution but we saw in quarter three and quarter four our run rate has gone down. 20:23 20 minutes, 23 seconds ma'am the this the third quarter and fourth quarter was affected due to the war incident the payments were little 20:29 20 minutes, 29 seconds bit in a rational way but anyway as compared to last year quarter fourth quarter and this year quarter we have 20:36 20 minutes, 36 seconds increased by 12 so uh going forward how do you see the 20:47 20 minutes, 47 seconds payments contract Do you see the government payments coming back on track? Um how is the execution scenario on crown going on right now? 20:58 20 minutes, 58 seconds As on the government is aggressively pushing on the payment as another two years the government is going to the election year and they are more focused 21:07 21 minutes, 7 seconds on infrastructure development. So the as the election is nearby they they will be pushing there will be lot of pushing they will be pushing into infrastructure 21:15 21 minutes, 15 seconds sectors and the payments might be get fasttracked in coming days 21:23 21 minutes, 23 seconds and ma'am your voice is breaking 21:32 21 minutes, 32 seconds sorry for interrupting uh Misha your voice is breaking can you just come in the range and talk that is Yes. 21:41 21 minutes, 41 seconds Yeah. So, uh currently we have close to 720 crores of water book out of which 500 is from the water water side. Um how 21:49 21 minutes, 49 seconds do you see the portion of water contracts kind of increasing over this FI26 and 28 also what sort of are we kind of adding in for the next year? 22:01 22 minutes, 1 second We are basically going into water sector more and more and it is our core uh business and we are more focused on that 22:09 22 minutes, 9 seconds but the 90% 90% of our order books will be a water 22:16 22 minutes, 16 seconds sector only that is our main main business and we are more expeditizing the water segment STP treatment as well 22:23 22 minutes, 23 seconds as uh reuniting the tanks and any plans of us going into the 22:31 22 minutes, 31 seconds desalination side cuz I think those require patents uh and IP from the companies any plans of like subcontracting 22:39 22 minutes, 39 seconds um uh work with desalination plants on that side. Ma'am as of now we have not issued any patent certificate affairs 22:47 22 minutes, 47 seconds and things but we are trying to get involved of new technology which as sir has already mentioned in NAB and CAMs 22:54 22 minutes, 54 seconds for HTP plan which we are doing subcontracting work as that is a new technology and it's a uh in it's in a 23:02 23 minutes, 2 seconds part process so we are trying to understand how does it work and all so we have given subcontract work to them I 23:08 23 minutes, 8 seconds think we'll be better better in a better way to speak in a n quarter or last financial quarter 23:17 23 minutes, 17 seconds and the margins. So this year we saw a bit of a dip in margins because of the last quarter. So how do you see the 23:25 23 minutes, 25 seconds imbalance shaping out with the current going back to the 32% level of market 23:34 23 minutes, 34 seconds madam actually in as I told you earlier our value value of order book and also value of the 23:42 23 minutes, 42 seconds profit has got increased there is a big rationalization in profit since we are 23:49 23 minutes, 49 seconds going for product picks as I told earlier A huge projects will give long sustained 23:57 23 minutes, 57 seconds profit over a period of time and big projects of value say 10 cr or 30 cr or 50 cr which we are right now 24:05 24 minutes, 5 seconds concentrating will lead to a dip in profit margin. But we try to balance both the type of project value of work 24:14 24 minutes, 14 seconds up to 50 cr and value of work up to 300 cr so that our volume will grow and we 24:21 24 minutes, 21 seconds want to reward our investors so that we can show healthy increase in profit 24:29 24 minutes, 29 seconds in absolute terms that is the goal of I was asking about you saying has 24:37 24 minutes, 37 seconds changed you've taken a few smaller uh level smaller value projects that is kind of impacting our margin. So I was just asking on like the overall order 24:45 24 minutes, 45 seconds book level currently do you see us sustaining that 32% margin or are we going to go down because we've taken more smaller smaller value projects? 24:55 24 minutes, 55 seconds No, as when the projects are coming into the fold, we we tend to bid for the projects. 25:02 25 minutes, 2 seconds We don't look whether it is small or big only if if it fits into our uh goal and it fits into our technical capability 25:12 25 minutes, 12 seconds that we will try to concentrate and it will it will always be mixed. 25:17 25 minutes, 17 seconds We don't want to stick on to a particular notion that we should bag only big orders or we can go for small 25:25 25 minutes, 25 seconds orders also. It's a mix that company intends to take so that our way forward will be very clear. 25:34 25 minutes, 34 seconds Okay. So do we do so the projects that we take on do we have a particular margin which we like on only these 25:43 25 minutes, 43 seconds margins are a creative to our business any sort of level do you can you repeat madam we couldn't follow 25:52 25 minutes, 52 seconds your question so uh currently so then this quarter we had a bit of a pressure and our margins went down to 19% 26:00 26 minutes do you see them coming back on track to the 30 32% level that What you 26:08 26 minutes, 8 seconds we strive to build the old profit which we were trying to pick it up since almost June is coming to an end. We'll 26:16 26 minutes, 16 seconds shortly announce what are our projection. 26:20 26 minutes, 20 seconds Okay. Got it. Yeah. Thank you and all the best. Thank you for question. 26:28 26 minutes, 28 seconds Thank you. Next question comes from the line of Rahul Kumar an individual investor. Please go ahead. 26:36 26 minutes, 36 seconds Hi. Uh how many order under Amrut and Z miss you have got? 26:44 26 minutes, 44 seconds We have got one order under Amruti. 26:47 26 minutes, 47 seconds It's 232 cr water supply project to kukur and ela in copal district 300 km 26:56 26 minutes, 56 seconds away from Bangalore and we have got four projects under jan mission and on 27:04 27 minutes, 4 seconds and the various projects of the various parts of state of okay so are there any lag in opening 27:12 27 minutes, 12 seconds tender from the government no we are on And we have almost completed 70% of the project and we hope to complete a 27:22 27 minutes, 22 seconds balance 30% within this year or any supporting measures from new government that you are receiving. 27:33 27 minutes, 33 seconds uh I think the government now has given some concision of the uh HDP and PVC 27:40 27 minutes, 40 seconds things the price escalation terms and uh another extra additional fund they they might give for the PVC and UPC 27:50 27 minutes, 50 seconds items hopefully we might look it we might get in July or second quarter end 27:58 27 minutes, 58 seconds okay and uh my last question will be what is the collection Yes. What is the collection period? 28:05 28 minutes, 5 seconds Yes. Uh 45 to 60 days. Okay. 28:12 28 minutes, 12 seconds Thank you, sir. 28:17 28 minutes, 17 seconds Thank you. Next question comes from the line of Shaf Hussein. Any individual sir, please go ahead. 28:25 28 minutes, 25 seconds Hello sir. Good afternoon. Am I audible sir? Good. Yes sir. to your order. 28:31 28 minutes, 31 seconds My question is that I'm looking at your balance sheet uh and that I noticed that one 26 K 28:39 28 minutes, 39 seconds in other asset item and 190 K inventory and 50 K J receable when we total add up 28:47 28 minutes, 47 seconds total 295 K is stuck in the working capital could you provide the clear timeline of 28:56 28 minutes, 56 seconds liquidation of these assets yeah your figures are correct and we we are 29:05 29 minutes, 5 seconds investing all this money on the new projects. properly in the month of December and January we hope to 29:12 29 minutes, 12 seconds liquidate majority of the amount which is avail which is uh available in these heads 29:19 29 minutes, 19 seconds inventory and all we have secured all this we are laying on the ground and once we lay on the ground actually for 29:28 29 minutes, 28 seconds supply we get around 55% of the material which we have supplied like pipes pumps and etc and once we lay we get the 29:37 29 minutes, 37 seconds balance 35%. And once we complete the project and make it trial run, we get 100% 29:44 29 minutes, 44 seconds funds. So since our monsoon will be there up to September or October, by the end of October, we try to complete all 29:52 29 minutes, 52 seconds such materials where we have invested on inventory and we try to achieve a good 30:00 30 minutes turnover by the month of December and January we receive the cash. So how much of percentage of this total 295 cr will 30:08 30 minutes, 8 seconds you achieve in SI27 around 60%. 30:14 30 minutes, 14 seconds 60% around around 200 cr we try to achieve that. 30:20 30 minutes, 20 seconds Okay sir my followup question is that sir uh you said in lastuh quarter that in fi 25 fi 27 we will grow 25 to 30%. 30:31 30 minutes, 31 seconds So sir, your FI26 total profit is 61 crores. Sir, can we expect your FY27 30:39 30 minutes, 39 seconds profit of around 79 to 80 crores? 30:44 30 minutes, 44 seconds That that depends on the project implementation, investment on raw materials and uh 30:53 30 minutes, 53 seconds definitely I can't commit on any absolute terms of figures but we try to maintain good healthy profits. 31:01 31 minutes, 1 second any figure 20% or 25% from last 31:09 31 minutes, 9 seconds you hope to achieve that kind of a healthy growth in revenue and also consequentially profit in absolute terms. 31:18 31 minutes, 18 seconds Okay sir. Next follow question is uh you uh said in last year concourse that we will expansion into states like 31:26 31 minutes, 26 seconds Maharashtra, Madesh, Gujarat, UP to discover independence from Karnataka to could you provide a progress update on 31:33 31 minutes, 33 seconds this s we saw many projects and uh one or two 31:40 31 minutes, 40 seconds projects were shortlisted in Madapur and Oita. one big dage across river Mahani but that tender is still has to be 31:49 31 minutes, 49 seconds floated by the state of Oisa and we discussed with higher officials in Madhya Pradesh and we we have identified 31:58 31 minutes, 58 seconds four to five projects under NWMP project NWMP sector that is national water management program where funds are 32:06 32 minutes, 6 seconds assured we are trying to participate in those standards and anyhow we will update to you once we are 32:14 32 minutes, 14 seconds successful in building and also we get the work orders. 32:20 32 minutes, 20 seconds My last question is that sir uh that our order which is currently dominated by the government lead water infrastructure project as the Indian economy shift 32:29 32 minutes, 29 seconds towards industrial expansion sectors like data center green hydrogen industrial power and zero liquid discharge 32:37 32 minutes, 37 seconds are seeing massive water management infrastructure needs. Sir is data water evalating a move into this private industrial segment 32:45 32 minutes, 45 seconds and does the company possess a specific technical clarification and balance system to build for this high complexity project in the coming years. 32:54 32 minutes, 54 seconds Now right now what we told about NABR and cameas based technology there we are trying to achieve 98% of water purity 33:04 33 minutes, 4 seconds and your suggestion is most welcome we I will put my team there also in the conc call I will put my team on the job and 33:13 33 minutes, 13 seconds ensure that if we are able to export such kind of high technology projects they are also hearing me we will put 33:20 33 minutes, 20 seconds them on the job and inform you as soon as we achieve some success in such kind of fields 33:27 33 minutes, 27 seconds because s this is a very huge market data centers green hydrogen industrial park. 33:33 33 minutes, 33 seconds Yes actually we have identified one or two projects in bio gas where we plan to 33:41 33 minutes, 41 seconds uh identify the land where grass can be grown and that can be used as bio gas fields. uh one of our partners is having 33:51 33 minutes, 51 seconds uh long-term contact with the kale and also with uh BPCL and we are trying to explore that project. Anyh who we'll 33:59 33 minutes, 59 seconds update you once we firm up the proposal without firming up it may not be proper as chairman of tent water to announce to the investing media investing personnel. 34:11 34 minutes, 11 seconds What is your current bidding pipeline right now? 34:16 34 minutes, 16 seconds around five to six project valued at around 600 crores. 34:21 34 minutes, 21 seconds Okay. Thank you sir. That is from Thank you. 34:29 34 minutes, 29 seconds Thank you. Next question comes from the line of Sachin Abyanka an individual investor. Please go ahead. 34:36 34 minutes, 36 seconds Yeah. Hello. Am I audible? Yes sir. 34:40 34 minutes, 40 seconds Yeah. So I got two questions. One is you have said that you have grown year on year by 20%. 34:47 34 minutes, 47 seconds But March 25, March 26 both four both are seen at 55 crores and I not able to understand the growth. And the second 34:55 34 minutes, 55 seconds question is on the margin sir you have said that the lower the order lower is the margin. So may I know out of the 55 35:04 35 minutes, 4 seconds crores of orders which you have done in March how how much were lower in margin orders and how much are still in the current order book. 35:13 35 minutes, 13 seconds Actually our revenue from operations in March 31st 2025 was 541.52 35:22 35 minutes, 22 seconds million and we had a very good other income and totally it was 572.18 35:30 35 minutes, 30 seconds but this year our revenue from operations is 553.12 and our total revenue is 572.18 35:38 35 minutes, 38 seconds which you are seeing in our public announcement but in our audited results that is a break if we see the break up 35:47 35 minutes, 47 seconds our revenue from operations has got increased by 12 crores and as far as break up of the projects with high 35:55 35 minutes, 55 seconds margins and low margin we'll inform our PR agency in due course of time they will supply the information to you right now I don't have 36:04 36 minutes, 4 seconds but then what would be the margin guidance you're going to give for the current year because you already on 34% to 19% 36:11 36 minutes, 11 seconds so what the guidance you're giving for the current year. Hello. 36:18 36 minutes, 18 seconds We'll we'll try to maintain the same s we'll come up to last year. We'll try to maintain 19% or 33%. 36:25 36 minutes, 25 seconds We'll try to maintain uh roughly about 30%. 36:30 36 minutes, 30 seconds 30%. So that's the guidance you're giving on the effect. 36:35 36 minutes, 35 seconds 25 to 30% roughly we we are we'll we'll cover try to maintain that. 36:41 36 minutes, 41 seconds No no no sir your last time if you see for the first three quarters the margins were 33%. 36:47 36 minutes, 47 seconds The overall margin was 24.3%. 36:52 36 minutes, 52 seconds No sir if you go by the quarterly numbers it's 33%. Fourth quarter was 19%. 37:06 37 minutes, 6 seconds So this 33% margin what is the guidance for current year sir because we need to have some guidance for a projection 37:13 37 minutes, 13 seconds right now we don't have exact number sir it may vary from project but we we'll make sure to maintain but to 25% sir 37:23 37 minutes, 23 seconds so 25% ea margin is the guidance yes sir Okay, thank you. 37:29 37 minutes, 29 seconds Yeah, thanks. Thank you. Thank you. 37:33 37 minutes, 33 seconds Thank you. Next question comes from the line of Shisha Pundrani and Indigister. Please go ahead. 37:41 37 minutes, 41 seconds Hello. Hello ma'am. 37:44 37 minutes, 44 seconds Hello. Good afternoon sir. Uh thank you for the opportunity. 37:48 37 minutes, 48 seconds Were there uh my questions are were there any government scheme policy initiatives or incentives announced 37:56 37 minutes, 56 seconds during quarter 4 by 26 that could positively impact the business? And the 38:03 38 minutes, 3 seconds second one is where do you envision them over the next five years and what are the key milestones you aim to achieve? 38:14 38 minutes, 14 seconds Some government is not at announc any right now. 38:20 38 minutes, 20 seconds Uh right now they not mention anything but they are fasttracking the gel mission payments 38:28 38 minutes, 28 seconds as HDP and UPVC rate may affect they're aggressively doing the payments. Now 38:36 38 minutes, 36 seconds I think the lot of payments will be in second quarter third quarter lot of payments will be cleared. 38:44 38 minutes, 44 seconds Okay. And what was the second question ma'am? Can you please tell us? 38:49 38 minutes, 49 seconds Uh okay. Uh where do you envision Dela over the next five years and what are the key milestones you aim to achieve? 39:05 39 minutes, 5 seconds Uh for this year we are trying to bid for new projects and these new projects 39:11 39 minutes, 11 seconds once they are put into the place we can achieve a very good revenue and also 39:19 39 minutes, 19 seconds uh we and also we try to achieve a good profit by by making our projects to be viable. 39:26 39 minutes, 26 seconds We try to complete almost all our projects on time and ensure that timely the payments are received and also our 39:35 39 minutes, 35 seconds aim is to back new orders, complete the existing old projects, get the payments and make our company more profitable. 39:46 39 minutes, 46 seconds Okay. Thank you sir. Thank you ma'am. 39:51 39 minutes, 51 seconds Thank you. Next question comes from the line of Rashid Dav and individual investor. Please go ahead. 39:58 39 minutes, 58 seconds Uh good afternoon all. Uh I just wanted to know what would be the expected order price by this financial year because 40:06 40 minutes, 6 seconds last time last quarter the management has said that they're expecting to close the order book uh approximate by,000 to 40:15 40 minutes, 15 seconds 1200 cr but I guess it the uh order book was uh missed that margin. So this year 40:24 40 minutes, 24 seconds what the management is expecting uh from the order book side as well as uh since the all the projects are based on the 40:31 40 minutes, 31 seconds government. So all the dependency on the government to government in case any political risk arise then uh how the 40:39 40 minutes, 39 seconds company can tackle those risk uh by getting the payments and everything 40:45 40 minutes, 45 seconds because uh the projects mainly are related to the government projects. 40:53 40 minutes, 53 seconds As I told you earlier, uh there was a bit uh change in government and since last 6 months we couldn't uh get the new tenders voted. 41:05 41 minutes, 5 seconds This new government has rationalizing the guarantee scheme and the welfare scheme and now they are pushing 41:12 41 minutes, 12 seconds aggressively for water-based infrastructure projects and other infrastructure projects and we we are 41:19 41 minutes, 19 seconds actively considering participating in two to three major tenders and we hope to back those orders also. Once the 41:28 41 minutes, 28 seconds orders are back, we will be able to inform you all and it will be a very good increase in our total order book 41:36 41 minutes, 36 seconds without getting the order. It is not correct on my part to indicate the exact amount. Anyway, it will be a good uh uh 41:45 41 minutes, 45 seconds effort which we are making so that we get the good outstanding order book by end of March 2027. 41:56 41 minutes, 56 seconds Okay, thank you from Thank you. A reminder to all the 42:04 42 minutes, 4 seconds participants that you may press star and one to ask a question. Next question comes from the line of Hitesh and individual message. Please go ahead. 42:15 42 minutes, 15 seconds Hi, good afternoon. Am I audible? Yes, please. 42:23 42 minutes, 23 seconds Yeah. So when I look at the uh order book at the end of 30th December 2025 which was 841 K and now it has got 42:32 42 minutes, 32 seconds reduced to 727 K at the end of 31st March 2026. So there is a reduction of 42:38 42 minutes, 38 seconds 114 K while our revenue is only 55 K. So what is the reason for reduction with such a use amount in order? 42:48 42 minutes, 48 seconds One thing we have invested on completion of the new projects, old projects and as 42:56 42 minutes, 56 seconds you have informed around 55 crores of revenue has also been achieved 43:02 43 minutes, 2 seconds and uh regarding the the difference in figure I will just tell my audit people 43:09 43 minutes, 9 seconds to give the exact figure and I will furnish the information through PR agency to you. 43:16 43 minutes, 16 seconds Okay. So I mean what I understood from your balance sheet is uh that you got 129 cr of assets. So there might be some 43:24 43 minutes, 24 seconds un revenue right. So this would be one of the reason I guess but I I just want to understand if there is no any 43:32 43 minutes, 32 seconds cancellation of order from 31st from properly you are correct. Anyway I will tell my account people to furnish 43:39 43 minutes, 39 seconds correct information through PR agency to you. 43:43 43 minutes, 43 seconds Okay. Thank you so much. Uh my another question uh with respect to the growth in top line what do you expect in the 43:50 43 minutes, 50 seconds current financial year uh because as you mentioned that you are going to get 25% margin is against 33%. So there is a 43:59 43 minutes, 59 seconds huge reduction in IBIDA uh even if you grow by 25% the bottom line is not going to be grow compared to the last 44:07 44 minutes, 7 seconds financial year. So is there any I mean is there the right way to look at the number if I'm not wrong 44:14 44 minutes, 14 seconds around we are anticipating around 20% increase in our revenue growth 44:21 44 minutes, 21 seconds 20% increase in revenue growth okay we are anticipating even yeah yeah so my question is even if 44:29 44 minutes, 29 seconds we grow at 20% and considering the ITA margin of 25% which is reduced from 33% 44:36 44 minutes, 36 seconds so my bottom line I mean if I reduce the interest cost and certification cost is not going to grow I mean I I I earn 50 44:46 44 minutes, 46 seconds cr but considering is 20% growth it will be 57 cr right yes probably you are correct in your 44:54 44 minutes, 54 seconds calculations thanks for giving the information but anyhow we have got on 9 months in this financial year we try to 45:02 45 minutes, 2 seconds achieve very good revenue and also very good profit and Uh we are anyh who we 45:09 45 minutes, 9 seconds are also optimistic about our new government which is pushing aggressively for infrastructure projects and with the 45:18 45 minutes, 18 seconds initiative of the government we hope to achieve very good uh revenue and also so that our profit margins also do get 45:26 45 minutes, 26 seconds increase. Uh so uh so we we do anticipate that 45:34 45 minutes, 34 seconds with uh another 9 months in effort we try to achieve good uh revenue and also margin. 45:42 45 minutes, 42 seconds Okay. Okay. Thank you so much. That's it from my side. Thank you for giving exact figures. 45:51 45 minutes, 51 seconds Thank you. A reminder to all the participants that you may press star and one to ask a question. 46:04 46 minutes, 4 seconds Once again a reminder to all the participants that you may press star and one to ask a question. 46:13 46 minutes, 13 seconds Ladies and gentlemen, as there are no further questions, we have reached the end of question and answer session. I now hand the conference over to Mr. C. 46:21 46 minutes, 21 seconds But Swami, chairman and man, executive director for closing companies. Okay. 46:27 46 minutes, 27 seconds Thanks for all the investors who showed keen interest in our company and raised very relevant questions which is guiding 46:34 46 minutes, 34 seconds factor for our company for under 9 months. Thanks to my PR firm for arranging a very good investor call and 46:43 46 minutes, 43 seconds we hope to achieve a good revenue projection of around 20 to 25%. We hope 46:50 46 minutes, 50 seconds to achieve higher figure and in absolute terms we hope to have a very good profit so that our investors are also awarded. 47:00 47 minutes Thank you for having participated in question and answer session. I thank my team of managing 47:07 47 minutes, 7 seconds director, my whole time director and CFO Sujit Rashhar and my executive director 47:14 47 minutes, 14 seconds Shinati HMA and also my supporting team who are all present along with me in my conference hall. We hope to fulfill your expectations. 47:24 47 minutes, 24 seconds Please have confidence in the company. 47:27 47 minutes, 27 seconds We will grow and along with our growth, we want you also to grow with us. And thanks once again for all of you. 47:38 47 minutes, 38 seconds Thank you sir. Call recording has now ended. 47:41 47 minutes, 41 seconds Thank you sir. Ladies and gentlemen on behalf of Tenta Water and Infra Solutions Limited that concludes this conference. Thank you for joining us. 47:49 47 minutes, 49 seconds You may now disconnect your