Effwa Infra & Research Limited — Investor Meet, 19-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Effwa Infra reported strong H1 FY26, with revenue up 48.23% to INR 90.21 crore and PAT up 112.93% to INR 10.14 crore, driven by Zero-Liquid Discharge (ZLD) projects (90.60% of revenue) and disciplined execution. Management anticipates ~40% annual revenue growth for two years, targeting INR 700 crore confirmed orders by March 2026, from a current INR 450 crore order book and INR 2,600 crore pipeline. A new >INR 150 crore ZLD EPC project for SAIL strengthens its position. The company is advancing patenting for Zero Material Discharge (ZMD) technology, aiming for FY27 commercialization to convert ZLD residues into products, potentially reducing client operating costs and offering substantial growth.