Urban Enviro Waste Management LimitedQ2 FY27 Results & Financial Update
Urban Enviro Waste Management Limited: Q2 FY27 standalone results and company financials – revenue ₹94.17 Cr, PAT ₹8.47 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Urban Enviro Waste Management Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Urban Enviro Waste Management Limited reported operational revenue of INR 94.17 crore for the half year ended September 30, 2026, accompanied by other income of INR 0.49 crore, bringing total income to INR 94.66 crore for the period.
Profit before tax (PBT) for the period reached INR 12.19 crore, while Profit after tax (PAT) stood at INR 8.47 crore after accounting for total tax expenses of INR 3.72 crore, which included current tax of INR 3.02 crore and deferred tax adjustments.
Basic and diluted earnings per share (EPS) for the six-month reporting period were reported at INR 9.79 based on a paid-up equity share capital of INR 8.66 crore.
Total expenses for the period were recorded at INR 82.47 crore. Employee benefit expenses formed the largest cost component at INR 44.56 crore, followed by other operating expenses of INR 31.78 crore.
Capital provisioning and financing costs included depreciation and amortization expenses of INR 3.26 crore and finance costs of INR 2.87 crore.
Statutory auditors M/s. B Shroff & Co. issued an unmodified review opinion on the unaudited standalone financial results following the audit committee review and board approval on October 30, 2026.
01 · Business model
What does Urban Enviro Waste Management do?
Urban Enviro Waste Management Limited operates as a specialized waste management services provider, handling municipal solid waste and allied environmental sanitation services. Formerly known as Nagpur Waste Handling Pvt Ltd, the company manages collection, transportation, processing, and disposal assignments primarily for urban local bodies and municipal corporations.
The company functions on a standalone basis with no subsidiaries, associate companies, or joint ventures as of September 30, 2026. Its corporate activities are consolidated under a single operating segment focused entirely on waste management operations, as per Accounting Standard 17 guidelines.
Because its shares are listed on an SME exchange, the company is exempt from the compulsory adoption of Indian Accounting Standards (Ind-AS), continuing its reporting under regular Accounting Standards prescribed under Section 133 of the Companies Act, 2013.
02 · Historical context
What shaped the business before this quarter
Previously known as Nagpur Waste Handling Private Limited, the company transitioned its corporate identity to Urban Enviro Waste Management Limited to reflect its broader geographical reach beyond Nagpur.
The company continues to report under traditional Accounting Standards pursuant to exemptions applicable to companies listed on SME exchanges, avoiding the transition to Ind-AS.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q2 FY27 |
|---|---|
| Revenue from operations | ₹94.17 Cr |
| Total income | ₹94.66 Cr |
| Profit before tax | ₹12.19 Cr |
| Profit after tax | ₹8.47 Cr |
| EPS | ₹9.79 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations of INR 94.17 crore was generated entirely through the company's primary business activity of municipal waste management and handling services.
Other income contributed INR 0.49 crore to the total revenue envelope of INR 94.66 crore for the six-month period.
What drove margins
Employee benefit expenses amounted to INR 44.56 crore, representing the single largest operational expenditure category for the reporting period.
Miscellaneous operational expenditures aggregated to INR 31.78 crore, reflecting field-level collection, transport, and facility upkeep costs.
Depreciation and amortization expenses stood at INR 3.26 crore, while finance costs on borrowings reached INR 2.87 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
In accordance with Accounting Standard 17 (AS-17) on Segment Reporting, the company operates within a single business segment focused on waste management, rendering separate segment disclosures inapplicable.
06 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Property, plant, and equipment increased to INR 33.35 crore as of September 30, 2026, compared to INR 26.28 crore as of March 31, 2026.
Capital WIP stood at INR 14.36 crore as of September 30, 2026, expanding from INR 7.41 crore at the end of March 2026, indicating ongoing infrastructure expansion.
Projects, capex and execution
The cash flow statement records cash outflows of INR 17.27 crore toward the purchase of fixed assets during the six-month period ended September 30, 2026.
07 · Pressure points & risks
What is not going smoothly
Trade receivable and trade payable balances as of September 30, 2026, are subject to third-party confirmations and reconciliations.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Net cash used in operating activities stood at an outflow of INR 17.28 crore for the half year, driven by significant working capital adjustments including an increase in trade receivables of INR 21.89 crore and other current assets of INR 8.26 crore.
Net cash used in investing activities was INR 17.00 crore, primarily due to fixed asset purchases, while net cash generated from financing activities reached INR 34.20 crore, supported by net increases in short-term and long-term borrowings.
Auditors noted that trade receivables and trade payables balances at the reporting date remain subject to confirmation and reconciliation with respective parties, with management representations confirming that balances are duly recorded.
Capital allocation & funding
Non-current borrowings stood at INR 40.59 crore as of September 30, 2026, up from INR 24.80 crore as of March 31, 2026. Short-term borrowings increased to INR 30.14 crore from INR 8.87 crore over the same timeframe.
Finance costs incurred during the half year totaled INR 2.87 crore, matching the financing cash outflows for interest servicing.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Registered Office and Management
The company operates from its registered office at Mate Square, Nagpur, with filings executed by Managing Director Kamlesh Sharma and CFO Amol Tirale.
10 · Key Q&A
The quarter, answered directly
What does Urban Enviro Waste Management do?
Urban Enviro Waste Management Limited operates as a specialized waste management services provider, handling municipal solid waste and allied environmental sanitation services. Formerly known as Nagpur Waste Handling Pvt Ltd, the company manages collection, transportation, processing, and disposal assignments primarily for urban local bodies and municipal corporations.
What is the clearest takeaway from Q2 FY27?
Urban Enviro Waste Management Limited reported operational revenue of INR 94.17 crore for the half year ended September 30, 2026, accompanied by other income of INR 0.49 crore, bringing total income to INR 94.66 crore for the period.
What drove revenue or demand?
Revenue from operations of INR 94.17 crore was generated entirely through the company's primary business activity of municipal waste management and handling services.
What mattered most for margins or profitability?
Employee benefit expenses amounted to INR 44.56 crore, representing the single largest operational expenditure category for the reporting period.
What changed operationally beyond the headline numbers?
Property, plant, and equipment increased to INR 33.35 crore as of September 30, 2026, compared to INR 26.28 crore as of March 31, 2026.
What are the main pressure points disclosed for the quarter?
Trade receivable and trade payable balances as of September 30, 2026, are subject to third-party confirmations and reconciliations.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Capital WIP Capitalization: Track the conversion of INR 14.36 crore in capital work-in-progress into operational fixed assets.
- 02
Trade Receivable Reconciliations: Monitor the completion of party-wise balance confirmations for trade receivables standing at INR 86.57 crore.
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