WABAG declares Q3 and 9M FY 23 – 24 Results

Chennai, February 2024

VA TECH WABAG LIMITED, a leading Indian Multinational Technology Company in the water sector announced today its financial results for the quarter and nine months ended 31^st December 2023.

Sales and Profitability:

• Consolidated Revenue from operations of Rs. 19,222 Mn

• Consolidated EBITDA up at Rs. 2,613 Mn (13.6%)

• Consolidated PAT of Rs. 1,730 Mn; up by 40% YoY

• Standalone Revenue from operations of Rs. 17,378Mn

• Standalone EBITDA up at Rs. 2,488 Mn (14.3%)

• Standalone PAT of Rs. 1,636 Mn; up by 69% YoY

Order book:

• Order Intake of Rs. 17.62 Bn

• Order Book of ~Rs. 119 Bn including Framework contracts

Commenting on the results, Mr. Rajiv Mittal, Chairman & Managing Director, VA TECH WABAG LIMITED said, “I’m happy to note the revenue expansion that has commenced in this H2 with our new and large projects gaining traction. We continue to deliver another profitable growth in this quarter as well and also finished on a net cash positive note, reaffirming our commitment to the strategy “Wriddhi”. As we step into the last quarter of the fiscal year, we are confident to maintain the momentum and finish the year on a good note.”