VA Tech Wabag · tone and specificity signals across the available quarters.
Language signals
We have delivered this growth profitably in line with our strategic priorities. This performance underscores our operational efficiency, disciplined project execution and the strength of a well-balanced portfolio.
This is the largest international order in our history from a very esteemed client Saudi water authority... The win is a powerful endorsement of our technological leadership, execution excellence, and competitive edge in the global water sector.
We have very strict bidding criteria... top of that criteria is our payment security and if you see most of our order backlog 98% plus will have a complete payment security.
International projects account for nearly 50% of order book supporting margin improvement, cash flow and reinforcing our global footprint.
Our working capital days improved significantly to 101 days for the 9-month period driven by tighter receivables management, continued improvement in billing discipline and a sustained client engagement.
The international mix brings a lot of advantage to the working capital because the cycle times of collections are better especially in the Middle East and African geographies. Middle East of course sovereign counterparties and Africa multilaterals.