VA Tech Wabag Ltd (NSE:WABAG)
₹ 1,885.6 -18 (-0.95%) Market Cap: 117.70 Bil Enterprise Value: 110.98 Bil PE Ratio: 29.22 PB Ratio: 4.57 GF Score: 78/100

Q3 2026 Va Tech Wabag Ltd Earnings Call Transcript

Feb 6, 2026 / 10:30 AM GMT
Release Date Price: ₹1214.9 (+2.44%)

Key Points

Positve
  • VA Tech Wabag Ltd (BOM:533269) reported a 20% year-on-year growth in EBITDA, maintaining a margin of 13.7%, which is within their guided range.
  • The company achieved a net cash positive position for the 12th consecutive quarter, closing with over INR 1,000 crores in cash balances.
  • International projects contributed 50% of revenues, highlighting the company's expanding global footprint, particularly in the Middle East, CIS, and Southeast Asia.
  • The order book stands at over INR 3 billion, with a balanced mix of 64% EPC and 36% O&M projects, supporting margin improvement and cash flow.
  • The company has successfully onboarded two additional international banks to support project execution across geographies, enhancing financial flexibility.
Negative
  • The domestic order book has remained flat, with growth largely driven by international projects, indicating potential challenges in the domestic market.
  • There was a one-time statutory impact due to the implementation of new labor codes, affecting the bottom line.
  • The company faces competition in international markets, particularly from European firms in technology-driven projects.
  • There is uncertainty regarding the timeline for the completion of the investment platform with the Norwegian fund, which is still in the negotiation phase.
  • The geopolitical challenges in regions like the Middle East and Africa could pose risks to project execution and revenue realization.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VATE.NS - Va Tech Wabag Ltd
Q3 2026 Va Tech Wabag Ltd Earnings Call
Feb 06, 2026 / 10:30AM GMT

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Presentation
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Ladies and gentlemen, to DA Tech Waba zinnsol.

Please stay connected

Good evening and welcome everyone to this earnings call post announcement of Q3 and 9-month by 26 results of the attack Wagback Limited.

On today from the management team we have Mr.

Sheish Kumar, CEO, India Collector, and Mr.

Skanakrasa Thika Ramanru Chief Financial Officer.

Kindly note that during this call, the company may make certain forward-looking statements concerning the business prospectives and profitability

Which may be subject to risk and the actual results could materially differ from those in such forward-looking statements.

The conference call will be archived and Pakick will be
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