EIELEnviro Infra Engineers Ltd.
Enviro Infra Engineers Q2 FY27 Results: Consolidated Net Profit ₹39.49 Crore on Total Income of ₹372 Crore
- Earnings
- Water and renewable infrastructure
Reviewed byRachit TripathiBlacklitt Research
Enviro Infra Engineers (NSE: EIEL) reported consolidated total income of ₹372.10 crore and net profit of ₹39.49 crore for the quarter ended 30 Sep 2026. On a standalone basis, total income was ₹278.49 crore and net profit ₹37.04 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹372.10 crore, up 54.1% YoY and 1.9% QoQ
- Net profit and EPS: ₹39.49 crore, down 20.2% YoY; basic EPS ₹2.36, down 15.1%
- Finance costs: ₹18.01 crore, up 144.4% YoY and 24.6% QoQ
- Exceptional items: ₹4.20 lakh for the quarter, shown with a reference to note 6
Standalone
The company on its own, without its subsidiaries
- Total income: ₹278.49 crore, up 23.7% YoY and 9.2% QoQ
- Net profit and EPS: ₹37.04 crore, down 5.2% YoY; basic EPS ₹2.11, down 5.4%
- Other income: ₹11.36 crore, up 37.4% YoY and 4.1% of total income
- Finance costs: ₹9.23 crore, up 78.5% YoY and 18.0% QoQ
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 372.10 | 241.39 | +54.1% | 365.18 | +1.9% | |
| Revenue from operations | 363.77 | 227.34 | +60.0% | 359.18 | +1.3% |
| Other income | 8.33 | 14.05 | -40.7% | 6.00 | +38.8% |
| 39.49 | 49.50 | -20.2% | 45.21 | -12.7% | |
| Finance costs | 18.01 | 7.37 | +144.4% | 14.46 | +24.6% |
| Depreciation | 9.82 | 4.98 | +97.2% | 8.71 | +12.7% |
| Tax expense | 15.91 | 13.58 | +17.2% | 13.32 | +19.4% |
| Net profit margin | 10.61% | 20.51% | -9.89 pp | 12.38% | -1.77 pp |
| Tax as share of profit before tax | 28.7% | 21.5% | +7.19 pp | 22.8% | +5.96 pp |
| EPS, basic (₹) | 2.36 | 2.78 | -15.1% | 2.27 | +4.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Total income grew faster than net profit this quarter. Income rose 54.1% YoY and 1.9% QoQ, while net profit fell 20.2% YoY and 12.7% QoQ. Revenue from operations of ₹363.77 crore is the larger part of the ₹372.10 crore total, and other income of ₹8.33 crore is 2.2% of total income, down 40.7% from a year earlier.
Finance costs rose to ₹18.01 crore from ₹7.37 crore a year earlier, and depreciation rose to ₹9.82 crore from ₹4.98 crore. Finance costs are 4.8% of total income this quarter.
Tax expense of ₹15.91 crore is 28.7% of profit before tax of ₹55.40 crore, up from 21.5% a year earlier and 22.8% in the prior quarter.
For the half year ended 30 Sep 2026, consolidated revenue from operations was ₹722.95 crore, 54.4% higher than ₹468.27 crore for the half year ended 30 Sep 2025.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 278.49 | 225.20 | +23.7% | 255.12 | +9.2% | |
| Revenue from operations | 267.13 | 216.93 | +23.1% | 245.83 | +8.7% |
| Other income | 11.36 | 8.27 | +37.4% | 9.29 | +22.3% |
| 37.04 | 39.09 | -5.2% | 35.75 | +3.6% | |
| Finance costs | 9.23 | 5.17 | +78.5% | 7.82 | +18.0% |
| Depreciation | 6.38 | 3.40 | +87.6% | 5.46 | +16.8% |
| Tax expense | 12.53 | 12.79 | -2.0% | 10.97 | +14.2% |
| Net profit margin | 13.30% | 17.36% | -4.06 pp | 14.01% | -0.71 pp |
| Tax as share of profit before tax | 25.3% | 24.7% | +0.63 pp | 23.5% | +1.80 pp |
| EPS, basic (₹) | 2.11 | 2.23 | -5.4% | 2.04 | +3.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit fell 5.2% YoY to ₹37.04 crore while total income rose 23.7%. Other income of ₹11.36 crore rose 37.4% YoY and is 4.1% of total income.
Standalone finance costs of ₹9.23 crore are 3.3% of total income, against ₹5.17 crore a year earlier and ₹7.82 crore in the prior quarter. Depreciation was ₹6.38 crore, against ₹3.40 crore a year earlier.
Standalone net profit rose 3.6% QoQ to ₹37.04 crore, while total income rose 9.2% over the same period.
The consolidated limited review draws attention to an advance of ₹18.61 crore received by subsidiary Suyog Urja Limited that has remained outstanding for a prolonged period. Against it, the subsidiary has recognised work-in-progress and current assets of ₹9.23 crore as at 30 Sep 2026. Minutes of a meeting between the subsidiary and the customer, setting out terms for settlement and adjustment of the advance, were approved by the respective parties, and the auditor's conclusion is not modified on this matter.
The notes say unutilised IPO proceeds of ₹44.45 crore are held in the current accounts of the SPVs of the holding company, and that a material uncertainty exists in respect of the recoverability of WIP as at 30 Sep 2026. Two wholly owned subsidiaries, Varanasi DDU Nagar STP Private Limited and Varanasi Lohta DDU Nagar STP Private Limited, were incorporated on 16 Jun 2026, and Wind Earth Private Limited, a step-down subsidiary through Suyog Urja Limited, on 19 Aug 2026.
Inference
The consolidated cash flow statement for the half year shows net cash used in operating activities of ₹96.89 crore, net cash used in investing activities of ₹130.69 crore and net cash from financing activities of ₹242.70 crore.
Six joint operations are included in the statement, and the filing describes them as not material to the company. A separate exchange filing dated 5 Nov 2026 reports the resignation of the statutory auditor and a change of auditors; this article does not cover that filing.
The filing does not say why consolidated net profit fell year on year or why finance costs rose, and the notes do not state how the uncertainty over WIP recoverability will be resolved.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
