VA Tech Wabag Limited — PPTs, 09-02-2025: Investor Presentation

**Financial Highlights:** VA Tech Wabag reported a consolidated revenue of INR 21,378 million for the nine-month period, marking an 11.2% increase year-over-year. The EBITDA stood at INR 2,894 million, reflecting a margin of 13.5%, while profit after tax (PAT) increased by 13.2% to INR 1,958 million. Strong cash management resulted in a net cash position of INR 2,625 million, with an upgraded long-term credit rating of AA-/Stable.

**Strategic Initiatives and Growth Drivers:** The company is focused on expanding its asset-light business model through Engineering, Procurement, and Construction (EPC) and Operations and Maintenance (O&M) contracts, aiming for a revenue growth rate of 15-20% CAGR over the medium term.

**Business Developments:** Noteworthy orders were secured in desalination and wastewater treatment, contributing to a robust order book exceeding INR 142 billion, providing a strong revenue visibility pipeline.

**Market Position and Competitive Advantage:** Positioned as the third-largest private water operator globally, Wabag continues to lead in sustainable water solutions with significant international presence and innovation.

**Investor Implications:** Given the company's solid financial performance, healthy order book, and strategic focus on sustainable growth, it presents a positive outlook for long-term shareholders. Continued attention to management of operational costs aids in bolstering profitability amidst a dynamic market environment.