• Financial performance: Excluding a ₹24 crore exceptional arbitration gain from the previous year, Q4 revenue grew by approximately 19% year-on-year, bottom line increased by around 67%, and full-year EBITDA margin stood at 22%.
• Growth and margins: Management expects FY27 top-line growth of 12% to 15% driven by newly bagged contracts, with EBITDA margins targeted to remain stable between 21% and 22% despite interim cost pressures from lube prices.
• Order book pipeline: The company holds a record-high order book of approximately ₹18,000 crore and is currently in the bidding and letter-of-intent stages for three additional contracts.
• Key project execution: New Maharashtra collection and transportation contracts are projected to add ₹100 crore annually, while two 15-megawatt waste-to-energy projects in Andhra Pradesh will each contribute ₹80 to ₹85 crore in annualized revenue starting in FY29.
• AG Enviro merger: The merger scaled standalone revenue past ₹600 crore and brought consolidated net debt-to-equity to 0.3x, expanding balance sheet capacity to raise debt and bid on new municipal projects.