Transcript of the 30th Annual General Meeting of the Company
WABAG · price
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The 30th AGM of VA Tech Wabag was held on August 12, 2025 via video conferencing, chaired by MD Rajiv Mittal. For FY25, the company reported revenue of INR 3,294 Crores (up 15% YoY) and PAT of INR 295 Crores (up 20% YoY), with a net cash position of INR 706 Crores and free cash flow of INR 3 Billion. Q1 FY26 continued the momentum with revenue of INR 734 Crores and PAT of INR 66 Crores. The order book stands at ~INR 16,000 Crores (nearly 50:50 domestic and international) after securing orders worth INR 5,700 Crores in FY25, including the 300 MLD Yanbu desalination plant in Saudi Arabia and a INR 380 Cr Bengaluru water reuse project. A final dividend of INR 4 per share was recommended, credit rating was upgraded to IND AA-/stable by India Ratings (Fitch Group), and a non-binding equity partnership with Norfund and an international investor consortium was announced to pursue municipal projects while staying asset-light.
Strong order book provides 3-4 years of revenue visibility and supports the asset-light growth strategy; the rating upgrade, net cash position and new equity partnership reinforce the company's ability to fund growth and reward shareholders.