Z-Tech (India) Ltd (NSE:ZTECH)
₹ 494.4 -8.2 (-1.63%) Market Cap: 7.08 Bil Enterprise Value: 7.71 Bil PE Ratio: 26.94 PB Ratio: 3.23 GF Score: 48/100

Q3 2026 Z-Tech (India) Ltd Earnings Call Transcript

Feb 13, 2026 / 08:30AM GMT
Release Date Price: ₹538.25 (-7.56%)

Key Points

Positve
  • Z-Tech (India) Ltd (NSE:ZTECH) demonstrated steady execution momentum across all three verticals: Habitat, Agua, and Terra.
  • The company made progress on new business order wins and entry into new geographies, enhancing medium-term growth visibility.
  • The Habitat vertical saw significant progress in urban park and experiential infrastructure projects, reflecting a focus on sustainable public spaces.
  • The Agua vertical's wastewater recovery and treatment solutions processed millions of gallons of water, showcasing scalability and efficiency.
  • The Terra vertical maintained strong execution momentum with projects in soil stabilization and geotechnical engineering, highlighting expertise in complex terrain conditions.
Negative
  • The company's margins have been affected by a mix change, with lower margins in non-park businesses compared to the amusement park segment.
  • There is a delay in park openings due to reliance on formal inaugurations by government officials, affecting operational timelines.
  • The industrial wastewater management business experienced a decline in margins due to broadening the scope to include lower-margin projects.
  • The company faces challenges in expanding its park operations in southern India, indicating regional growth limitations.
  • Equity dilution is expected due to warrants maturing, which may impact earnings per share in the short term.
Operator

Ladies and gentlemen, good day, and welcome to the Q3 and nine months FY26 earnings conference call of Z-Tech India Limited. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Ms. Sanghamitra Borgohain, Managing Director from Z-Tech India Limited. Thank you, and over to you, ma'am.

Sanghamitra Borgohain;India;Ltd;Managing Director
Z-Tech;Executive Director

()- -

Thank you, Muskan, and good afternoon, everyone. And a warm welcome to all the investors, analysts and stakeholders joining us today for the Q3 and the nine months of the financial year 2026 earnings call of Z-Tech India Limited. I'm joined today by Mr. Vikas Jain, CFO; Mr. Sunil Ghorawat, our Chief Business Officer; Mr. Ashish, our Company Secretary and Compliance Officer; along with our Investor Relations partner from Adfactors PR. Thank you for taking the time to be with us and for your continued support.

As we conclude quarter three and the first nine months of the

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