VA tech wabag Limited has completed the allotment of 4,256 equity shares to eligible employees under its WABAG Centenary Stock Option Scheme 2023. The Board of Directors approved this allotment through a circular resolution dated January 23, 2026, at 3:52 PM IST, marking another milestone in the company's employee incentive program.

Share Allotment Details

The allotment encompasses key financial parameters that demonstrate the company's commitment to employee participation in its growth story:

Impact on Share Capital Structure

The allotment has resulted in a marginal increase in the company's equity base, reflecting controlled dilution through the employee stock option program:

Regulatory Compliance and Listing

VA TECH WABAG LIMITED maintains its listing status on major Indian stock exchanges with proper regulatory disclosures. The company filed the required statement under Regulation 10(b) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, on February 07, 2024, with filing numbers BSE: 194468 and NSE: 39929.

The newly allotted equity shares carry distinctive numbers from 62297253 to 62301508 (both inclusive) and will rank pari passu with existing equity shares. These shares are identical in all respects to the existing shares and do not carry any lock-in restrictions.

Stock Exchange Information

VA TECH WABAG LIMITED's shares continue to be listed and traded on both major Indian stock exchanges:

• BSE Limited: Scrip Code 533269
• National Stock Exchange: Symbol WABAG

The company secretary and compliance officer, Anup Kumar Samal (Membership No. FCS 4832), signed the regulatory filing, ensuring compliance with all applicable listing obligations and disclosure requirements under SEBI regulations.

VA Tech Wabag shares gained 4% in today's trading session after the water treatment company secured a large EPC order from Bharat Petroleum Corporation Limited. With a market capitalization of ₹7,390.63 crore, the shares were trading at ₹1,186.35 per share, representing an increase of around 0.77% compared to the previous closing price of ₹1,174.80 apiece.

Major Order Win Strengthens Portfolio

VA Tech Wabag has won a large EPC order worth ₹250-600 crore from Bharat Petroleum Corporation Limited for industrial water treatment at BPCL's Bina refinery. The comprehensive 22-month project includes RWTP, RO-DM, and ZLD plants, which will strengthen the company's order book and enhance its presence in the oil & gas segment.

Strong Financial Performance in Q2FY26

The company reported robust Q2FY26 performance, demonstrating strong operational momentum. Revenue rose 19% year-on-year to ₹834 crore, while net profit increased 21% to ₹85 crore. This growth reflects robust demand, improved operational efficiency, and effective cost management, highlighting the company's steady financial momentum and sustained profitability.

H1FY26 Revenue Distribution and Geographic Presence

In H1FY26, VA Tech Wabag generated total revenue of ₹1,548.90 crore, with EPC contributing 81% and O&M operations contributing 19%. The municipal segment dominated revenue generation with ₹1,195.30 crore, accounting for 77% of total revenue, while the industrial segment contributed ₹353.60 crore, representing 23% of revenue.

Geographically, the company maintained a balanced revenue distribution. India contributed ₹820.90 crore (53% of total revenue), while overseas markets generated ₹728.00 crore (47% of total revenue). This near-equal split highlights the company's strong global presence alongside robust domestic operations, supported by large-scale water infrastructure projects and expanding international contracts.

Robust Order Book and International Expansion

VA Tech WABAG reported a strong H1FY26 order intake of ₹34,772 million, dominated by EPC projects worth ₹30,072 million and municipal orders totaling ₹33,628 million. O&M operations contributed ₹4,700 million, reinforcing recurring revenue visibility, while industrial orders remained modest at ₹1,145 million.

Overseas markets accounted for ₹27,845 million (approximately 80% of total order intake), highlighting the company's strong international traction, while India contributed ₹6,928 million. Key wins included a ₹20,379 million desalination project in Saudi Arabia and large wastewater projects in India and Bahrain.

Growth Outlook and Strategic Targets

The company's medium-term outlook projects strong growth, targeting a 15-20% revenue CAGR with an order book three times annual revenue. VA Tech Wabag aims for 13-15% EBITDA margins while maintaining its targeted revenue mix of over 50% from international projects, 30% from industrial clients, 20% from O&M operations, and one-third of EPC from EP projects to support margin expansion.

The company serves a diverse clientele across municipal and industrial sectors, including global names like Reliance, GAIL, IndianOil, and NMDC, alongside government water boards. Supported by leading funding agencies such as the World Bank, KfW, and Exim Bank, it operates in water, oil and gas, power, and industrial infrastructure segments worldwide.