The Chennai-headquartered water technology company’s order book rose to a record ₹202 billion, providing strong revenue visibility for future growth.
VA Tech Wabag Ltd reported a 29 per cent year-on-year increase in consolidated profit after tax (PAT) to ₹1.95 billion for the first half of FY2026-27, supported by strong revenue growth, robust order inflows and improved working capital management.
Consolidated revenue from operations rose 20 per cent to ₹18.87 billion, while EBITDA increased 21 per cent to ₹2.61 billion during the April-September period. On a standalone basis, revenue grew 19 per cent to ₹15.87 billion, and PAT rose 29 per cent to ₹1.69 billion.
The Chennai-headquartered water technology company also crossed a major milestone during the period, with its order book rising to approximately ₹202 billion, the highest in its history. Order intake during the first half stood at ₹52 billion, providing strong revenue visibility for future growth.
WABAG ended the period with a gross cash position of ₹12.18 billion and a net cash position of ₹11.44 billion, excluding hybrid annuity model (HAM) projects, extending its streak of positive net cash generation to a fifteenth consecutive quarter.
Commenting on the results, Rajiv Mittal, Chairman & Managing Director, VA Tech Wabag, said, “Crossing ₹200 billion in order book for the first time ever is a defining milestone for WABAG, achieved alongside robust top-line growth and strong profit momentum.”
He highlighted the company’s pipeline of large orders secured during the period, including a seawater reverse osmosis (SWRO) project in Kuwait, a desalination project for Reliance Industries Ltd at Jamnagar, entry into the UAE through Ajman, expansion in Europe through the Donauinsel Water Works project, and municipal contracts from Bangalore Water Supply and Sewerage Board (BWSSB) and Delhi Jal Board (DJB).
“Strong margins and better working capital management also helped us deliver our 15th back-to-back quarter of positive net cash, which crossed ₹11 billion excluding HAM, another major milestone for WABAG,” Mittal said.
Looking ahead, the company said its order book now exceeds four times its annual revenue, positioning it to benefit from growing demand for desalination, treated-water reuse and water-security infrastructure across municipal and industrial markets.
“With order book at more than four times our annual revenue and a healthy bid pipeline, we are well positioned for the years ahead,” Mittal said. “We will stay selective, focusing on securing more ‘large’ and ‘mega’ technology-led projects, and deliver growth and margins in line with our strategic targets.”