Denta Water and Infra Solutions, one of India’s leading civil engineering contractors specialising in sustainable water infrastructure, announced an impressive financial performance for the quarter and half-year ended 30 September 2025.
Denta Water Q2 FY26 results underscore the company’s execution excellence, disciplined project management, and expanding geographic presence across India, particularly in Maharashtra and Uttar Pradesh.
Denta Water Q2 FY26: Operational & Financial Highlights
For the quarter ended 30 September 2025, Denta Water delivered a 53.8% year-on-year (YoY) growth in revenue, driven by accelerated project completions and efficient execution of key water management contracts. The company also recorded healthy profitability metrics, maintaining its debt-light structure and robust liquidity position.
Denta Water Q2 FY26 Results: Financial Performance
| Particulars | Q2 FY25 | Q2 FY26 | Growth (YoY) |
|---|---|---|---|
| Operating Revenue | 48.29 | 74.27 | +53.80 |
| EBITDA | 15.30 | 26.31 | +71.96 |
| EBITDA Margin (%) | 31.68 | 35.42 | +3.74 pp |
| PAT | 11.06 | 18.93 | +71.12 |
| PAT Margin (%) | 22.83 | 24.61 | +1.78 pp |
| EPS (INR) | 5.76 | 7.09 | +23.09 |
Denta Water H1 FY26 Results: Half-Yearly Performance
| Particulars | H1 FY25 | H1 FY26 | Growth (YoY) |
|---|---|---|---|
| Operating Revenue | 97.78 | 141.55 | +44.76 |
| EBITDA | 33.51 | 51.30 | +53.11 |
| EBITDA Margin (%) | 34.27 | 36.25 | +1.98 pp |
| PAT | 24.21 | 37.48 | +54.80 |
| PAT Margin (%) | 24.58 | 25.55 | +0.97 pp |
| EPS (INR) | 12.61 | 14.04 | +11.34 |
🧭 Strategic Expansion and Outlook
Denta Water has just expanded its horizons into Maharashtra and Uttar Pradesh and has still got a good hold on its presence in southern India. Next up – they’re looking to get into – or at least explore other infrastructure sectors – railways, highways and all that sort of thing, so as to make itself a bit less dependent on just one area of the market.
Chairman Mr. C. Mruthyunjaya Swamy commented:
“Our Q2 performance reinforces the consistency of our execution capabilities and our ability to sustain profitability even in a competitive operating environment. With a growing order book and expanding geographic presence, we remain focused on delivering sustainable infrastructure that supports India’s water resilience.”
Denta Water Post-IPO Performance
Denta Water launched its IPO on 22 January 2025 with an issue size of INR 220.5 crore. The IPO was a totally fresh Issue. The IPO was subscribed 221.68X and delivered 16.07% return on listing day. The Post-IPO performance was also steller and shares of Denta Water made an all-time high of INR 467.65 per share, reflecting a ~59% return from IPO allotment price of INR 294 per share. Currently, it is trading around INR 409 per share (a correction of ~12%).
🌍 Industry Context
India is really starting to make a push on water security and sustainable infrastructure – with the government keen on programs like Jal Jeevan Mission and Atal Bhujal Yojana which is all good for Denta Water as they know this water revitalisation and all that malarkey.
Verdict
Market observers note that Denta Water’s double-digit revenue growth, stable margins, and diversified order book present a strong case for sustained performance through FY26. The company’s execution track record and financial prudence make it a standout in India’s rapidly expanding water infrastructure segment.
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