India · Delayed Price · Currency is INR VA Tech Wabag Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2027 saw robust revenue and profit growth, record order intake, and a historic high order book, with strong execution across India and international markets. The company remains net cash positive, maintains a 13%-15% EBITDA margin outlook, and sees a healthy pipeline driven by global water security needs.
Fiscal Year 2026
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Delivered 20% revenue and 26% PAT growth year-over-year, with a record INR 17,200 crore order book and strong cash position. Expansion in Middle East and Africa, major project wins, and increased O&M focus support a positive outlook, while risks include geopolitical and market volatility.
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Profitable growth continued with 24% PAT and 20% EBITDA increase year-on-year, driven by strong international execution and a robust order book. Net cash position exceeded INR 1,000 crore, with a focus on expanding global presence and maintaining 13%-15% EBITDA margins.
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H1 FY26 saw 20% PAT growth, 18% revenue growth, and robust margins, with international and O&M segments driving performance. Order book exceeded INR 160 billion, supported by strategic wins in future energy and strong cash position. Growth outlook remains strong, with a focus on technology and global expansion.
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Q1 FY 2026 saw robust revenue and profit growth, a record gross margin, and a net cash positive position for the tenth consecutive quarter. The order book remains strong at over INR 15,750 crores, with major international wins and a healthy pipeline supporting future growth.
Fiscal Year 2025
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Record financial performance marked by historic highs in order book, cash, and profitability, with robust growth in both India and international markets. Strategic focus on sustainability, technology, and asset-light operations drives resilience and future growth.
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A new investment platform with international partners will enable up to $1 billion in PPP water projects over three to five years, with Wabag as a minority investor and technical partner. The asset-light model allows for larger project bids and consistent margins, focusing on India and select emerging markets.
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Achieved strong revenue and profit growth in nine months FY 2025, driven by robust international order inflow and a healthy mix of EPC and O&M contracts. Order book exceeds INR 14,200 crore, with continued focus on emerging markets and advanced water technology projects.
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Strong H1 FY2025 performance with 11% revenue and 31% PAT growth, robust order inflow exceeding INR 4,600 crore, and a net cash positive position. Major international and industrial orders drive a healthy order book, with medium-term revenue CAGR guidance of 15%-20%.
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Revenue grew 13% year-over-year with strong international performance and improved margins. Order book stands at INR 11,000 crores, with INR 6,000 crores in preferred bidder status and robust O&M backlog. Guidance for 15%-20% top-line growth and 13%-15% EBITDA margin is maintained.