VA Tech Wabag Ltd.’s revenue declined 28% YoY to Rs 6.5 billion while Ebitda margins grew 319 basis points to 11.5% on account of easing of raw material cost.
Order intake was strong at Rs 18.9 billion during nine months-FY23 leading to a robust orderbook of Rs 100.4 billion (3.4 times trailing twelve months sales), 63% of which is for engineering, procurement and construction contracts.
Biding for Chennai 400 million litre per day desalination project is expected to be completed by FY23 end. Working capital days has been 90 days driven by business operation efficiency.
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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