ALFA Finder| Revenue growth | Consolidated Q2 revenue +20% YoY; H1 +20.3% to ₹1,887 Cr. |
|---|---|
| Margins | EBITDA ~14% H1, Q2 14.5%; management calls it structural, not one-off. |
| Order book | Record ₹20,207 Cr, over 4x annual revenue; H1 intake ₹5,200 Cr. |
| Demand visibility | Enquiries at peak; Middle East awards slowed; Tamil Nadu desal pipeline. |
| Management confidence | Over-optimistic: 'bumper order intake' claims; hedged on Middle East timing. |
Growth
Q2 revenue +20% YoY, PAT +23%, EBITDA ₹145 Cr at 14.5%; H1 PAT +30%, outpacing revenue growth.
Outlook
Medium-term: 15-20% revenue CAGR, 13-15% EBITDA, ROCE >20%; no single-year number given.
Risks
Middle East shipping delays, slower new-project awards, commodity inflation, Saudi caution; Q3 pipeline unquantified.
Last quarter's promises, checked
Delivered
- Rev growth 15–20% → H1 +20.3% to ₹1,887 Cr (= BEAT)
- Order book >4x revenue → ₹20,207 Cr, over 4x annual revenue (= BEAT)
- FY27 EBITDA 13–14% band → Q2 14.5%, H1 ~14% (= BEAT)
Partly delivered
- 15% EBITDA by FY27-end → Q2 14.5%, H1 ~14% (= PARTIAL)
Missed
- No ME pipeline slowdown, >6 inquiries → ME awards slowed (= MISS)
- No material geopolitical impact → ME shipping delays top risk (= MISS)
Earnings Call Transcript filed with NSE, NSE: WABAG. Summary written with AI assistance from the document.
Va Tech Wabag Ltd: key numbers
- Share price
- ₹1,988.20
- Market cap
- ₹12,429 Cr
- Revenue (annual)
- ₹3,944 Cr
- Net profit (annual)
- ₹370.5 Cr
- P/E (TTM)
- 30.0×Sector 21.9×
- Promoter holding
- 19.03%-0.05% QoQ
- FII holding
- 18.75%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Va Tech Wabag Ltd
All →Va Tech Wabag Investor Presentation: Key Takeaways
Q2 FY27 revenue INR 10,002 Mn (+19.9%), PAT INR 1,046 Mn (+23.3%), EBITDA margin 14.5%. Order book crossed INR 20,000 Cr; net cash INR 11,442 Mn.
Va Tech Wabag Employee Stock Options
VA Tech Wabag allotted 22,120 equity shares to employees exercising options under its Centenary Stock Option Scheme 2023. Paid-up capital rises to INR 12,50,73,898.
Va Tech Wabag Financial Results
VA Tech Wabag approved H1 FY27 unaudited results: consolidated revenue Rs. 18,870 Mn (up 20%), PAT Rs. 1,947 Mn (up 29%). Order book exceeds Rs. 200 Bn.
Va Tech Wabag Q2 FY27 Results: Net Profit ₹104.5 Cr, Up 23.2% YoY
Va Tech Wabag Ltd reported revenue from operations of ₹1,000 Cr (+19.9% YoY) and net profit of ₹104.5 Cr (+23.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹104.5 Cr · +23.2% YoY
Va Tech Wabag Board Meeting Date
VA Tech Wabag Ltd scheduled its next Board Meeting for 5 November 2026 to approve Q2/H1 FY27 results. The trading window stays closed until 48 hours after results declaration.
Va Tech Wabag Bags ₹1,000 Cr Order from Reliance Industries Limited
WABAG secured a 'Mega' order from Reliance Industries for a desalination and remineralisation plant at Jamnagar. The order is executed in phases over 25 months, but no rupee value is disclosed.
- Value
- ₹1,000 Cr
- From
- Reliance Industries Limited (RIL)
- Execution
- In phases over 25 months
- desalination plant capacity
- 8400.0 m3/hr