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." Result PDF
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." Result PDF