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VA Tech Wabag Ltd.’s revenue declined 10% YoY to Rs 9.7 billion while margins were impacted due to commodity cost inflation.
Order intake was strong at Rs 14.9 billion during H1 FY23 leading to a robust orderbook of Rs 103 billion (3.4 times trailing twelve months sales), 64% of which is for engineering, procurement and construction contracts.
Biding for Chennai 400 million liters per day desalination project is expected to be completed by FY23 end.
Working capital days has improved from 88 days in FY22 to 81 in H2 FY23 due to stable receivable and lower payable days.
Va Tech Wabag has been focusing on bidding for more engineering and equipment supply orders and for multilaterally-funded international projects, to support margin and cashflow growth.
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