Apex Ecotech FY26: A step-change year built on execution and an expanding order book

Revenue from operations in FY26 was ₹14,865.07 lakh (₹148.65 crore), up 109.50 percent year on year.

FY26 EBITDA was ₹2,176.19 lakh (₹21.76 crore), up 96.82 percent YoY, and FY26 PAT was ₹1,702.30 lakh (₹17.02 crore), up 98.85 percent YoY.

Management stated the order book stood at over ₹125 crore as of March 31, 2026.

Management stated typical project gestation is about 10 to 12 months and indicated that the full ₹125 crore order book should be consumed within the year.

Management attributed it to pricing pressure from large clients and cost increases in the last four to five months, including higher logistics costs and specialised metal price increases of about 25 to 40 percent.

Management clarified there is no JV or exclusive partnership; the company uses products from multiple OEMs, including Veolia and others, which are generally available in the market.

The presentation reported debt to equity of 0.02 times in FY26, indicating very low leverage.