Va Tech Wabag reported record financial results for the fiscal year ended March 31, 2026, driven by strong execution in its core water treatment business and expansion into emerging sectors. The company’s revenue rose 19.7% year-on-year to ₹39,442 crore, while net profit after tax (PAT) climbed 25.5% to ₹3,705 crore. EBITDA expanded 21.8% to ₹5,241 crore, reflecting improved operating margins and efficient project delivery.

The board declared a final dividend of ₹5 per equity share for FY26, an increase from ₹4 per share in the previous year. Shareholders on record as of August 5, 2026, are eligible for the payout. The company also appointed Mr. Samaresh Parida as an independent director and approved the remuneration for related party Mr. Rohan Mittal during its 31st Annual General Meeting held on August 12, 2026.

Financial Performance

Va Tech Wabag’s financial metrics for FY26 demonstrate consistent growth across key parameters compared to FY25.

The company achieved an EBITDA margin of 13.3% and a PAT margin of 9.4% for the fiscal year. Return on equity (RoE) stood at 15.7%, while return on capital employed (RoCE) was 19.4%, underscoring the efficiency of its asset-light business model.

What the Numbers Show

Va Tech Wabag’s ability to grow net profit faster than revenue indicates operational leverage. While revenue increased by 19.7%, EBITDA grew by 21.8% and net profit by 25.5%. This divergence suggests that cost management and margin accretion from high-value projects contributed significantly to bottom-line growth, rather than just top-line volume expansion.

Order Book and Cash Position

The company closed FY26 with a robust order book of over ₹172 billion, providing strong multi-year revenue visibility. This includes significant wins in desalination and municipal water projects across India and the Middle East. Notable orders include a 300 MLD desalination plant in Yanbu, Saudi Arabia, and a 45 MLD tertiary treated recycled water plant in Chennai.

Va Tech Wabag maintained a net cash-positive position of ₹9,500 crore (excluding HAM project borrowings) as of Q4 FY26. This marks the sixth consecutive year of net cash positivity, supported by disciplined working capital management and cash accruals from operations. The company’s credit rating was reaffirmed at IND AA- with a Stable Outlook.

Strategic Outlook

Management highlighted emerging opportunities in ultra-pure water for semiconductors, solar photovoltaic manufacturing, data centers, and green hydrogen. The company is actively pursuing projects in these sectors, leveraging its expertise in advanced water treatment and resource recovery. Additionally, Va Tech Wabag is expanding its presence in Compressed Bio-Gas (CBG) through strategic partnerships, aiming to convert biogas from wastewater treatment into renewable energy.

VA Tech Wabag Limited has fixed Friday, July 17, 2026, as the record date to determine the eligibility of members for the payment of a final dividend of ₹5.00 per equity share for the financial year ended March 31, 2026. The dividend, subject to shareholder approval, represents 250% of the face value of ₹2 each. The company announced that the 31st Annual General Meeting (AGM) will be held on Wednesday, August 12, 2026, at 4:30 P.M. (IST) through Video Conferencing (VC) and Other Audio Visual Means (OAVM).

The register of members and share transfer books will remain closed from Thursday, August 6, 2026, to Wednesday, August 12, 2026, both days inclusive. The facility for remote e-voting will be available from Friday, August 7, 2026, at 9:00 A.M. (IST) to Tuesday, August 11, 2026, at 5:00 P.M. (IST). Members eligible to vote are those whose names appear in the register of members or beneficial owners as on the cut-off date of Wednesday, August 5, 2026. The company has appointed Mr. M. Damodaran, Managing Partner, or Ms. J. Kalaiyarasi, Partner of M. Damodaran & Associates LLP, as the Scrutinizer for the e-voting process.

Financial Performance Highlights

For the financial year ended March 31, 2026, VA Tech Wabag reported a milestone year of profitable growth. The company achieved a historic high order book position of approximately INR 172,000 million. Consolidated Profit After Tax (PAT) surged 25.44% year-on-year to INR 3,698 million, while Total Income rose 20.96% to INR 40,385 million. The company maintained a net cash positive position for the sixth consecutive year, with a net cash position (excluding HAM) of INR 9,500 million.

Consolidated Financial Highlights (INR in Millions)

The consolidated Return on Equity (RoE) improved to 15.7% in FY 2025-26 from 14.9% in the previous year, while the Return on Capital Employed (RoCE) stood at 18.6%. The Debt-Equity Ratio reduced significantly to 0.09 from 0.17 in FY 2024-25.

Corporate Governance and Board Updates

The Board of Directors comprises six members as of March 31, 2026. Mr. S. Varadarajan, Whole Time Director & Chief Growth Officer, retires by rotation at the 31st AGM and is eligible for re-appointment. Mr. Samaresh Parida was appointed as an Additional Independent Director effective June 26, 2026, subject to shareholder approval.