VA Tech Wabag earnings calls.

VA Tech Wabag delivered a strong Q1 FY26 with consolidated revenue of ₹734 croreCurrent reported value: ₹734 crore. No comparable prior figure is available in the source record. (+17Current 17 crore vs previous available quarter 18 crore.% YoY) and PAT of ₹66 croreCurrent reported value: ₹66 crore. No comparable prior figure is available in the source record. (+20Current reported value: 20. No comparable prior figure is available in the source record.% YoY), marking the 10th consecutive quarter of net cash positivity at ₹510 crCurrent ₹510 Cr. Reported change: 10th Consecutive Quarter.ore. The quarter was highlighted by securing the landmark ₹2,332 crore Yanbu desalination plantCurrent reported value: ₹2,332 crore Yanbu desalination plant. No comparable prior figure is available in the source record. from Saudi Water Authority (largest international order in company history) and a ₹380 crore Bangalore order. Order book stands robust at ₹15,750 croreCurrent ₹15,750 crore. Reported change: 5x Annual Revenue. (~5x annual revenue) with preferred bidder status for ₹35 billion in pipelines. International revenues now exceed 40%Current 40%. Reported change: +Steady Expansion. of total. The company maintains its 15-20% revenue growth and 13-15% EBITDA margin guidance for the medium term, with ROE at 15% and ROCE at 18%. Risks include execution delays on the Indo Solar project (land reallocation), margin pressure from competitive desalination bidding (Yanbu won by 27% margin), and forex volatility impacting other expenses. The investment platform for HAM/SPV monetization is under advanced due diligence with international investors.