VA Tech Wabag Q3 results: Water tech company posts consolidated net profit of ₹70 crore
VA Tech Wabag Ltd (WABAG), a leading player in the water technology space, has reported a consolidated profit after tax at ₹70 for the quarter that ended December 31, 2024, when compared with a PAT of ₹63 crore in the year-ago quarter, aided by improved operating performance.
Profit before exceptional items and tax stood at ₹91 crore as against ₹83 crore. Consolidated revenue from operations was higher at ₹811 crore when compared with ₹704 crore.
On a standalone basis, the company’s PAT reported a significant increase to ₹64 crore in the December 2024 quarter when compared with ₹62 crore in the December 2023 quarter. Revenue from operations was higher at ₹676 crore as against ₹624 crore.
“We continued our profitable growth journey driven by steady execution and sustainable operating margins. We continued our net cash-positive position for the 8th consecutive quarter. The healthy and robust order pipeline provides us sufficient confidence to continue this growth momentum in alignment with our medium-term outlook,” said Rajiv Mittal, Chairman & Managing Director, VA Tech Wabag Ltd.
The company reported a net cash position of ₹2,62.5 crore. Recently, India Ratings & Research upgraded its Long-Term Rating to “IND AA-” with a “Stable” Outlook, underscoring WABAG’s robust operating performance with improvement in EBITDA margins, which has aided in achieving a deleveraged Balance Sheet and staying net cash positive.
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