Va Tech Wabag Limited, an Indian Multinational Technology Company in the water sector announced its financial results for the fourth quarter and year ended 31st March 2023. Consolidated Total Income of Rs. 3,014 Crore and Consolidated Revenue from operations of Rs. 2,961 Crore. The consolidated EBITDA (before exceptional items) of Rs. 355 Crore; up 43% YoY.
Consolidated PAT (before exceptional items) of Rs 229 Crore; up 74% YoY. Standalone Total Income of Rs. 2,386 Crore and Standalone Revenue from operations of Rs. 2,325 Crore. Standalone EBITDA (before exceptional items) of Rs. 347 Crore; up 81% YoY. Standalone PAT (before exceptional items) of Rs. 218 Crore; up 136% YoY.
Cash Flow from Operations for the FY 2022-23 of Rs. 85 Crore. Net Cash position as at end of the Financial Year at Rs 101 Crore. The company’s order intake is of Rs. 6,844 Crore. And historic high order book position of over Rs. 13,219 Crs including framework contracts; providing robust revenue visibility.
Commenting on the results, Rajiv Mittal, Chairman & Managing Director, Va Tech Wabag Limited said, “We continue to deliver Profitable Growth this quarter and for the year with persistent focus on technology, EP, Industrial and International projects. I’m extremely happy that we have two major orders in this Quarter, one from Chennai Metro Water Supply and Sewerage Board towards 400 MLD SWRO plant at Perur, Chennai, the largest Desalination plant in South East Asian Region funded by JICA and 200 MLD STP at Pagla, Bangladesh from Dhaka WASA funded by World Bank & AIIB, a breakthrough for the group into Bangladesh. We have in line with our commitment to the shareholders stayed Net Cash positive for the third consecutive year and generated Operational as well as Free Cash-flow for the year. In summary, this has been an enriching year with a historic high order book position, Profitable Growth and a Positive Net Cash position & Cash flow.”
