VA Tech Wabag , a global leader in water treatment solutions, reported strong financial results and secured a significant new order in Saudi Arabia, as announced during its 30th Annual General Meeting.

Financial Highlights

The company achieved a revenue of INR 3,294.00 crores, marking a 15% year-on-year growth. Profit after tax (PAT) increased by 20% to INR 295.00 crores. VA Tech Wabag maintains a robust order book of INR 16,000.00 crores, providing strong revenue visibility for the next 3-4 years.

Key Developments

• Secured a letter of award for a 300 MLD mega desalination plant in Yanbu, Saudi Arabia
• Won a INR 380.00 crore contract for an energy-efficient water reuse facility in Bengaluru, India
• Declared a dividend of INR 4.00 per equity share

Strategic Focus

Chairman and Managing Director Rajiv Mittal emphasized the company's commitment to sustainable water management and its strong position in emerging markets. "Water as a sector globally is gaining importance, especially post-COVID. We have seen all our target countries, which are the emerging markets, witnessing huge investment in the water sector," Mittal stated.

The company is maintaining a balanced approach between Indian and international orders, aiming for a 50:50 distribution. VA Tech Wabag's technological edge, with over 125 IP rights, and experience in executing over 6,000 plants globally, positions it well to capture growing opportunities in the water sector.

Operational Highlights

• Nearly 50% of revenues now come from international markets
• Operates in over 25 countries
• Secured orders worth over INR 5,700.00 crores
• Maintains a net cash position of INR 706.00 crores

Future Outlook

VA Tech Wabag remains focused on emerging markets in Asia, Africa, and the Middle East. The company is optimistic about its growth prospects, citing increasing global demand for sustainable water solutions and its strong order pipeline.

Chief Financial Officer Skandaprasad Seetharaman highlighted the company's improved credit rating, upgraded to IND AA- with a stable outlook by India Ratings and Research, a Fitch Group Company.

As VA Tech Wabag continues to expand its global footprint, it remains committed to balancing growth investments with shareholder returns, as evidenced by the dividend declaration.

VA Tech Wabag , a leading pure-play water technology company, has clinched a significant contract worth ₹46.5 crore from RenewSys India Private Limited. The order involves providing advanced water technology solutions for RenewSys' 2 GW solar cell manufacturing facility in Hyderabad, Telangana.

Contract Details

The scope of work for VA Tech Wabag includes the design, engineering, manufacturing, supply, installation, and commissioning of:

• An Ultrapure Water (UPW) system
• An Effluent Treatment Plant (ETP)
• A Zero Liquid Discharge (ZLD) system

The project is set to be executed within a period of 11 months, showcasing VA Tech Wabag's commitment to timely delivery of complex water management solutions.

Strategic Significance

This contract marks a strategic milestone for VA Tech Wabag, establishing a strong foothold in the rapidly growing solar manufacturing sector. The company views this as an opportunity to reinforce its capabilities across UPW, ETP, and ZLD segments, positioning itself to capitalize on future opportunities in solar, green hydrogen, semiconductor, and other high-growth industrial applications.

Mr. V. Sivakumar, General Manager - Sales & Marketing, India Cluster at VA Tech Wabag, commented on the order win: "This order marks WABAG's foray into delivering comprehensive water management solutions for Solar Cell facilities, one of the high growth segments for the future. The project is well aligned with our strategy to diversify into water management for high growth industrial applications like Solar, Green Hydrogen and Semi-Conductors."

Financial Performance

VA Tech Wabag recently reported strong financial performance:

The company achieved a PAT margin of 9%.

Order Book and Future Outlook

With recent contract wins, including the ₹46.5 crore RenewSys order and a ₹2,332 crore desalination plant project in Yanbu, Saudi Arabia, VA Tech Wabag's order book stands at over ₹15,750 crores. This robust order book, approximately 5 times the company's annual revenue, provides strong visibility for sustained growth.

The company maintains a balanced portfolio across EPC, industrial, and international markets, complemented by a rising contribution from its high-margin Operations and Maintenance (O&M) business. VA Tech Wabag's focus on emerging market opportunities and advanced technology projects, particularly in desalination, recycling, reuse, and effluent treatment, positions it well for future growth in the water technology sector.

As VA Tech Wabag continues to secure strategically significant contracts and maintain strong financial performance, it reinforces its position as a global leader in sustainable water solutions, contributing to cleaner environments and resilient economies across the communities it serves.