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Va Tech Wabag Results: Latest Quarterly Results & Analysis

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Va Tech Wabag Ltd. 07 Nov 2025 17:39 PM
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Q2FY26 Quarterly Result Announced for Va Tech Wabag Ltd.

Non-Electrical Utilities company Va Tech Wabag announced Q2FY26 results

  • Revenue from operations: Rs 8,345 million compared to Rs 7,003 million during Q2FY25.
  • PBT: Rs 1,108 million compared to Rs 924 million during Q2FY25.
  • PAT: Rs 848 million compared to Rs 703 million during Q2FY25.

Rajiv Mittal, Chairman & Managing Director, VA TECH WABAG, said: "I am pleased that our half-year performance underscores the success of WABAG's focused strategy anchored on profitable growth, strong cash flows; and a robust order book position. Maintaining our net cash position for the 11th consecutive quarter highlights our financial resilience and disciplined execution. The strategic wins in Ultra-Pure Water and Compressed Bio-Gas opens new avenues in fast-growing 'Future Energy Solutions' segment With a strong order book of around Rs 158 billion and a well-diversified global presence, we are poised to accelerate our growth trajectory and continue to drive enduring stakeholder value."

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Utilities: Non-Electrical company Va Tech Wabag announced Q1FY26 results

  • Consolidated revenue from operations of Rs 7,340 million.
  • Consolidated EBITDA of Rs 956 million; up 18% YoY.
  • Consolidated PAT of Rs 658 million; up by 20% YoY.
  • Gross Cash Position Rs 8,149 million and Net Cash Position Rs 5,100 million; 10th consecutive quarter of Net Cash Positive.
  • Net Cash Position excluding HAM Projects Rs 6,267 million
  • Order Intake of -Rs 26 billion.
  • Order Book of -Rs 158 billion, including Framework contracts; Providing robust revenue visibility.

Rajiv Mittal, Chairman & Managing Director, Va Tech Wabag, said: "I am pleased to share that we have carried forward the growth momentum from last year and closed this quarter with profitable growth. Progressing in line with our strategy, we delivered a topline expansion of over 17% YoY, maintained a healthy EBITDA margin of 13%, and achieved an O&M revenue share of over 20%. This quarter also marked our 10th consecutive quarter of net cash positivity, underscoring our disciplined financial management. We also closed the quarter with a robust and well-diversified order book of approximately Rs 158 billion, over four times our annual revenue. Notably, we secured two prestigious contracts this quarter.- the much-anticipated Yanbu 300 MLD Desalination Project in the Kingdom of Saudi Arabia and the BWSSB DBO Project in Bengaluru.

As we move into the next quarter, we remain confident in our ability to secure significant projects and sustain our growth trajectory"

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Non-Electrical Utilities company Va Tech Wabag announced Q4FY25 & FY25 results

Consolidated Q4FY25 Financial Highlights:

  • Revenue from operations on a consolidated basis stood at Rs 11,562 million for Q4FY25 compared to Rs 8,110 million for Q4FY24
  • PBT for the Quarter stood at Rs 1,311 million compared to Rs 909 million for Q4FY24
  • PAT Stood at Rs 995 million for Q4FY25 compared to Rs 702 million for Q4FY24

Consolidated FY25 Financial Highlights:

  • Consolidated Revenue from operations of Rs 32,940 million; up 15% VoY
  • Consolidated EBITDA of Rs 4,302 million;
  • Consolidated PAT of Rs 2,953 million; up 20% YoY

Standalone Q4FY25 Financial Highlights:

  • Revenue from operations on a standalone basis stood at Rs 10,385 million for Q4FY25 compared to Rs 6,761 million for Q4FY24
  • PBT for the Quarter stood at Rs 1,306 million compared to Rs 864 million for Q4FY24
  • PAT Stood at Rs 990 million for Q4FY25 compared to Rs 642 million for Q4FY24

Standalone FY25 Financial Highlights:

  • Standalone Revenue from operations of Rs 28,738 million up 15% YoY
  • Standalone EBITDA of Rs 4,029 million;
  • Standalone PAT of Rs 2,713 million; up 15% YoY

Commenting on the results, Rajiv Mittal, Chairman & Managing Director, VA TECH WABAG said, "We are pleased to close another year of strong and profitable growth, driven by our long-term strategy, Wriddhi This success reflects our disciplined execution, customercentric approach, and commitment to delivering sustainable water solutions across global markets. We are especially proud to have been recognised by Global Water Intelligence as one of the top three global desalination players—a testament to our leadership and the trust placed in us by our clients and partners. Our financial resilience was further reinforced by the upgrade of our long-term credit rating to AA- with a stable outlook, affirming the strength of our balance sheet and prudent financial management. Also, in line with our 'Asset Light' strategy, we entered into a strategic partnership with a Norfund-led consortium to establish a platform for municipal infrastructure investments, enhancing our ability to scale impact while preserving capital efficiency. With a robust order book of Rs.1 37 billion and a balanced EPC and O&M portfolio, we have strong revenue visibility and stable cash flows. FY25 also marks our fifth consecutive year of ending net cash positive, highlighting our operational strength and financial discipline. In recognition of this performance, and to commemorate WABAG's centenary, the Board has recommended a dividend of Rs. 4 per share, subject to shareholder approval As we look ahead, we remain focused on creating long-term value through innovation, sustainable infrastructure, and strategic partnerships that contribute to a watersecure future."

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Non-Electrical Utilities company Va Tech Wabag announced Q2FY25 results

  • Consolidated Revenue from operations of Rs 13,268 million.
  • Consolidated EBITDA of Rs 1,843 million; up by 19.0% YoY.
  • Consolidated PAT of Rs 1,256 million; up by 30.7% YoY.
  • Net Cash Position Rs 2,220 million.
  • Standalone Revenue from operations of Rs 11,592 million.
  • Standalone EBITDA of Rs 1,708 million; up by 11.3% YoY.
  • Standalone PAT of Rs 1,081 million; up by 6.9% YoY.
  • Net Cash Position Rs 2,123 million.

Rajiv Mittal, Chairman & Managing Director, VA TECH WABAG, said: "This quarter has marked another period of profitable growth for Wabag, driven by a focused strategy on technology, EP, industrial, and international projects. It is worth noting that against the preferred bidder status in projects of Rs 60 billion that we communicated during our last investor call, we have already secured over Rs 45 Billion of order intake in this quarter. Our order book stands at over Rs 146 Billion, the highest in our history, comprises a balanced mix of EPC and O&M projects both in India and Internationally. This strong backlog enhances visibility of future revenues, robust cash flows and a solid margin profile, positioning us well as we enter the second half of the financial year. The order pipeline remains strong, providing us with confidence in our sustained growth trajectory"

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Non-Electrical Utilities company Va Tech Wabag announced Q1FY25 results:

  • Consolidated Revenue from operations of Rs 6,265 million
  • Consolidated EBITDA of Rs 813 million; up 23% YoY
  • Consolidated PAT of Rs 550 million; up by 31% YoY   
  • Standalone Revenue from operations of Rs 5,459 million
  • Standalone EBITDA of Rs 790 million; up 22% YoY
  • Standalone PAT of Rs 505 million; up by 7% YoY 
  • Order Book of -Rs 107 Bn including Framework contracts

Commenting on the results, Rajiv Mittal, Chairman & Managing Director, VA TECH WABAG LIMITED said, "I'm happy to report that our growth trend from the last year has continued. With our strategic focus on Industrial, International, EP and O&M projects, we have consistently improved our operating margins. This quarter around 60% of our revenue came from international projects. Our order book remains robust, exceeding Rs 100 Billion, with a healthy mix of EPC and O&M, giving us confidence and visibility for future revenue. As we move into the next quarter of the fiscal year, we are optimistic about securing large international projects and maintaining our growth momentum."

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Non-Electrical Utilities company Va Tech Wabag announced FY24 results:

Sales and Profitability:

  • Consolidated Revenue from operations of Rs 28,564 million
  • Consolidated EBITDA of Rs 3,768 million; up 8% YoY
  • Consolidated PAT of Rs 2,456 million; up 9% YoY
  • Standalone Revenue from operations of Rs 25,097 million
  • Standalone EBITDA of Rs 3,577 million; up 3% YoY
  • Standalone PAT of Rs 2,358 million; up 8% YoY

Order Book:

  • Order Intake of Rs 23.4 Bn
  • Order Book position of over Rs 114 billion including Framework contracts; Providing Robust revenue visibility 

Cash:

  • Net Cash Position Rs 2,356 million
  • Operational Cash Flow Rs 1,335 million
  • Free Cash Flow Rs 1,683 million

Commenting on the results, Rajiv Mittal, Chairman & Managing Director, VA TECH WABAG said, "We continue to deliver Profitable Growth this Year with persistent focus on technology EP, Industrial and International projects. Group continues its strategic approach to remain 'Asset Light'; last year we strategically divested two of our European Subsidiqries and we have also successfully inducted majority Equity Partner in 2 out of 3 HAM SPVs. Our robust order book position which is over Rs 774 Billion, provides confidence of our future revenues. Our healthy mix of EP, O&M Industrial & International projects in line with our Strategy "Wriddhi" provides us good visibility for the future regarding robust margins and good cash flows. This is the fourth consecutive year we have concluded Net Cash Positive and I am confident that we will continue to remain on this growth path, as we step into the next financial year"

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Non-electrical Utilities company Va Tech Wabag announced Q2FY24 results:

  • Consolidated Revenue from operations of Rs 12,178 million
  • Consolidated EBITDA up at Rs 1,636 million (13.4%)
  • Consolidated PAT of Rs 1,102 million ; up by 43% YoY
  • Standalone Revenue from operations of Rs 11,134 million
  • Standalone EBITDA up at Rs 1,534 million (13.8%)
  • Standalone PAT of Rs 1,011 million; up by 70% YoY
  • Order Intake of Rs 13.17 billion
  • Order Book of ~Rs 121 billion including Framework contracts

Commenting on the results, Rajiv Mittal, Chairman & Managing Director, Va Tech Wabag, said, "We continued to deliver profitable growth this quarter as well with our persistent focus on industrial, international and multilateral funded projects. Technology focus and cash accretive projects have been reaping the desired benefits and we have been consistently improving our operating margins through execution efficiencies. Our order book position of over Rs 120 billion with a healthy mix of EPC and O&M provides strong visibility of our future revenues, robust cash-flows and strong margin profile going forward Sustainable Be Profitable growth with a cash-positive status have been our foremost targets and I am confident that we will continue to remain on this growth path, as we step into the second half of the financial year"

 

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Non-electrical Utilities company Va Tech Wabag announced Q4FY23 & FY23 results:

  • Consolidated Total Income of Rs 3,014 crore and Consolidated Revenue from operations of Rs 2,961 crore
  • Consolidated EBITDA (before exceptional items) of Rs 355 crore; up 43% YoY
  • Consolidated PAT (before exceptional items) of Rs 229 crore; up 74% YoY
  • Standalone Total Income of Rs 2,386 crore and Standalone Revenue from operations of Rs 2,325 crore
  • Standalone EBITDA (before exceptional items) of Rs 347 crore; up 81% YoY
  • Standalone PAT (before exceptional items) of Rs 218 crore; up 136% YoY
  • Cash Flow from Operations for the FY23 of Rs 85 crore
  • Net Cash position as at end of Q4FY23 at Rs 101 crore
  • Order Intake of Rs 6,844 crore
  • Historic high Order Book position of over Rs 13,219 crore including Framework contracts; Providing Robust revenue visibility

Commenting on the results, Rajiv Mittal, Chairman & Managing Director, VA TECH WABAG said, "We continue to deliver Profitable Growth this quarter and for the year with persistent focus on technology EP Industrial and International projects. I'm extremely happy that we have two major orders in this Quarter, one from Chennai Metro Water Supply and Sewerage Board towards 400 MLD SWRO plant at Perur, Chennai, the largest Desalination plant in South East Asian Region funded by JICA and 200 MLD STP at Pagla, Bangladesh from Dhaka WASA funded by World Bank & AllB, a breakthrough for the group into Bangladesh. We have in line with our commitment to the shareholders stayed Net Cash positive for the third consecutive year and generated Operational as well as Free Cash-flow for the year. In summary, this has been an enriching year with a historic high order book position, Profitable Growth and a Positive Net Cash position & Cash flow"

 

 

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Non Electrical utility firm Va Tech Wabag announced Q3FY23 results:

  • Consolidated Q3FY23:
    • Order Intake of Rs 1,886 crore
    • Revenue from operations of Rs 2,034 crore.
    • EBITDA of Rs 201 crore; up by 14% YoY.
    • PAT of Rs 124 crore; up by 45% YoY.
  • Standalone Q3FY23:
    • Revenue from operations of Rs 1,577 crore.
    • EBITDA of Rs 172 crore; up by 33% YoY
    • PAT of Rs 97 crore; up by 61% YoY

Commenting on the results, Mr. Rajiv Mittal, Chairman & Managing Director, VA TECH WABAG LIMITED said, "Our focus on technology EP, Industrial and International projects continues to lead us on the path of Profitable Growth. We continue to be well-placed in few large Desalination and Waste Water Treatment orders which we expect to realize soon. We are also on track to continue being cash positive by end of the financial year. I'm also happy to note that WABAG has been ranked 3rd globally by Global Water Intelligence ('GWI), United Kingdom for ensuring safe and clean access to drinking water and healthy environment for over 88 million people and we have also been recognized amongst the global top 70 desalination players. These global recognitions are a great testament and validation of our global leadership in the Water sector."

 

 

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Utilities company Va Tech Wabag announced Q2FY23 results:

  • Order intake of Rs 1,496 crore
  • Consolidated revenue from operations of Rs 1,382 crore
  • Consolidated EBITDA of Rs 126 crore; up by 30% YoY
  • Consolidated PAT of Rs 77 crore; up by 85% YoY
  • Standalone revenue from operations of Rs 1,058 crore
  • Standalone EBITDA of Rs 107 crore; up by 52% YoY
  • Standalone PAT of Rs 60 crore; up by 99% YoY

Rajiv Mittal, Chairman, Managing Director and Group CEO, VA TECH WABAG, said, "Wabag being a pure-play water group has been a leader and pioneer in many initiatives in the water sector. Wabag is in the business of manufactured water where our advanced and reliable technologies have been contributing to building re-use water plants at competitive costs. Also, it is worth mentioning that Wabag is among the select group of top global companies with capabilities and references to build medium and large desalination plants across the globe. We have been a key proponent of circular economy by ensuring wastewater is a resource and no longer a liability. The plants we built over the past two decades produce over 30 MW of green energy from bio-gas thus contributing to reducing GHG emissions.

We have also clearly enunciated our business strategy of focusing on delivering cash-accretive projects for both municipal and industrial customers with technology focus, multilateral funding and international presence. This has been reaping desired benefits in terms of continuous improvement in operating margins and delivering profitable growth, which has further been cemented with a heartening performance in this quarter on all fronts. Our strong order book position with revenue growth provides sufficient visibility for the future as we continue on our path to deliver Sustainable and Profitable growth."

 

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