WABAG declares Q1 FY 24 - 25 results Records YoY growth of 10% in PAT and 23% growth in EBITDA with Consolidated Revenue of Rs. 6,265 Million
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VA TECH WABAG LIMITED, a leading Indian Multinational Technology Company in the water sector announced today its financial results for the quarter ended 30th June 2024.
Sales and Profitability
* Consolidated Revenue from operations of Rs. 6,265 Mn
* Consolidated EBITDA of Rs. 813 Mn; up 23% YoY
* Consolidated PAT of Rs. 550 Mn; up by 31% YoY*
* Standalone Revenue from operations of Rs. 5,459 Mn
* Standalone EBITDA of Rs. 790 Mn; up 22% YoY
* Standalone PAT of Rs. 505 Mn; up by 7% YoY
* Order Book of ~Rs. 107 Bn including Framework contracts;Providing robust revenue visibility
* Excluding the one-time gain from the divestment of subsidiaries.
Commenting on the results, Mr. Rajiv Mittal, Chairman & Managing Director, VA TECH WABAG LIMITED said, “I’m happy to report that our growth trend from the last year has continued. With our strategic focus on Industrial, International, EP and O&M projects, we have consistently improved our operating margins. This quarter around 60% of our revenue came from international projects. Our order book remains robust, exceeding Rs.100 Billion, with a healthy mix of EPC and O&M, giving us confidence and visibility for future revenue. As we move into the next quarter of the fiscal year, we are optimistic about securing large international projects and maintaining our growth momentum."
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