Medium-term revenue growth target of 15-20% annually
Management reiterated its 3-5 year outlook for topline growth within the 15-20% range, supported by robust order book visibility and strong execution pipeline across geographies.
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VA Tech Wabag · forward-looking guidance across the available source record.
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revenue
EBITDA margins to remain in 13-15% band
CFO confirmed margins are maintained within the guided 13-15% EBITDA margin band, with focus on operational efficiency and disciplined project execution.
Preferred bidder pipeline of ₹35 billion under evaluation
Management expects conversion of majority of preferred bidder projects into firm orders by next earnings call, including Kuwait JV (~$200 million Wabag share) already at L1 status.
Investment platform monetization in advanced stages
Due diligence with international investors nearing completion; company intends to monetize existing HAM/SPV investments into the platform with definitive agreements expected soon.
Revenue growth target: 15-20% over medium term
Management reiterated medium-term outlook of 15-20% revenue growth supported by order book strength of over 3x and healthy pipeline of Rs 3,000 crore+ in visibility.
EBITDA margin guidance: 13-15%
Company maintained guided range of 13-15% EBITDA margin and indicated directional movement toward higher end of range as O&M mix increases and desalination projects ramp up.
Order book to revenue ratio: >3x
Current order book of Rs 16,300 crore provides over 4x revenue coverage on total basis and comfortably above 3x even on EPC-only basis, ensuring multi-year execution visibility.
GNN Ham platform divestment: Year-end FY26 target
Due diligence largely complete with definitive agreements under negotiation. Expected to close by fiscal year-end subject to investor investment committee and board approvals.