Effwa Infra & Research delivered a strong FY26 performance.
**Business Performance:** Revenue from operations surged to ₹252.85 Cr, a robust 36.6% YoY growth, driven by solid project execution and increasing contribution from high-value Zero Liquid Discharge (ZLD) systems. Profit After Tax (PAT) jumped 42.3% YoY to ₹28.62 Cr, with EBITDA up 38.8% YoY to ₹41.66 Cr. Operating cash flow was healthy at ₹29.43 Cr.
**Growth Drivers & Strategy:** The company boasts an order book of over ₹750 Cr and a pipeline of ₹2,600+ Cr. Strategic focus includes expanding into African and East Asian markets, advancing its Zero Material Discharge (ZMD) patent for technological leadership, and exploring high-purity water treatment for data centers.
**Recent Developments:** Notable projects handed over in H2 FY26 include Vedanta, IOCL, and Afcons (Ivory Coast & Tanzania). New clients like JSW and Reliance were added. The company also acquired new office premises and initiated ERP implementation for efficiency.
**Key Financial Metrics:** FY26 Revenue: ₹252.85 Cr (↑36.6% YoY); PAT: ₹28.62 Cr (↑42.3% YoY); EPS: ₹12.36.
**Management Outlook:** Expects continued growth from major ongoing projects (SAIL, JSW) and aims to build stable recurring revenue streams from its Operations & Maintenance segment. The ZMD patent is expected to finalize this year, reinforcing innovation.