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Earnings Call

Va Tech Wabag Earnings Call: Key Takeaways

VA Tech Wabag delivered strong FY26 performance, beating revenue and profit growth targets. The shift towards an asset-light, technology-driven model and high-margin O&M contracts is significantly de-risking the balance sheet.

Highlights
Revenue growth20% YoY growth achieved, hitting the upper end of 15-20% guidance.
MarginsEBITDA margins stable at 13.3%; O&M share targeted to reach 20%.
Order bookRecord backlog of ₹17,200 crore, representing over 4x annual revenue.
Demand visibilityStrong visibility from global desalination, recycled reuse, and industrial water sectors.
Management confidenceBalanced and highly confident, backed by a record-high ₹17,200 crore backlog.

Growth

Revenue grew 20% YoY, while PAT surged 26%, demonstrating high-quality, profitable growth and operating leverage.

Outlook

Order book stands at ₹17,200 crore; guiding 15-20% revenue growth and 13-15% EBITDA margins for FY27.

Risks

Geopolitical instability in the Middle East and volatility in raw material or currency prices remain concerns.

Source

Earnings Call filed with NSE, NSE: WABAG. Summary written with AI assistance from the document.

Read the document ↗

Va Tech Wabag Ltd: key numbers

Share price
₹2,008.40
Market cap
₹12,551 Cr
Revenue (annual)
₹3,944 Cr
Net profit (annual)
₹370.5 Cr
P/E (TTM)
31.8×Sector 25.1×
Promoter holding
19.08%-0.01% QoQ
FII holding
18.25%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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08:14 IST BSE
New Order Win

Va Tech Wabag Bags ₹100 Cr Order from Reliance Industries Limited

VA Tech Wabag secured a medium-sized order from Reliance Industries for an effluent treatment plant at Jamnagar. The project will be executed over 13 months.

Value
₹100.0 Cr
From
Reliance Industries Limited (RIL)
Execution
13 months
18:13 IST NSE
Employee Stock Options

Va Tech Wabag Employee Stock Options

VA Tech Wabag allotted 13,404 equity shares under its 'WABAG Centenary Stock Option Scheme 2023' upon exercise of employee stock options.