WABAG reports strong half-year earnings, double-digit growth

VA Tech Wabag Limited reported a consolidated revenue from operations of INR 15,685 million for the half-year ended September 30, 2025. The company also saw its consolidated PAT increase by 20% year-over-year to INR 1,506 million, alongside a 17% rise in consolidated EBITDA to INR 2,161 million. On a standalone basis, revenue stood at INR 13,302 million, with PAT growing by 21% to INR 1,312 million and EBITDA by 11% to INR 1,890 million.

The company maintained a strong financial position, marking its 11th consecutive quarter of net cash positive, with a gross cash position of INR 7,979 million and a net cash position of INR 5,614 million. Excluding HAM Projects, the net cash position was INR 6,753 million. WABAG's order book remains robust at approximately INR 160 bn, including framework contracts, providing solid revenue visibility. New order intake for the period was approximately INR 34 bn.

Breakthrough orders in the "Future Energy Solutions" sector include UPW, ETP, and ZLD system solutions for RenewSys Solar's cell manufacturing facility in Hyderabad, and a Compressed Bio-Gas production project under a BOT Model on a PPP basis for 15 years in Uttar Pradesh. chairman and managing director Rajiv Mittal highlighted the success of WABAG's strategy, attributing it to profitable growth, strong cash flows, and a robust order book.