Va Tech Wabag Ltd
Va Tech Wabag Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹961Cr
- +18.5% YoY
- Net profit
- ₹91Cr
- +30% YoY
- Margin
- 13%
- +1 pp YoY
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The short version
The company targets a medium-term revenue growth of 15% to 20% CAGR. Medium-term financial guidance targets revenue growth of 15% to 20% CAGR.
From Va Tech Wabag Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company targets a medium-term revenue growth of 15% to 20% CAGR.
- Growth is driven by expanding order book and strong pipeline across domestic and international markets.
- Focus on increasing share of higher-margin O&M business alongside EPC.
- Strategic expansion into new sectors such as desalination, ultrapure water (UPW) for solar manufacturing, hydrogen, bio-CNG, data centers, and compressed biogas.
- Continued government investments in urban infrastructure, river cleaning (e.g., Ganga), and energy sectors present significant opportunities.
- International markets like CIS and Southeast Asia are being actively pursued with bids in advanced stages.
2 more points from Va Tech Wabag Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- VA Tech Wabag Limited follows an asset-light model with minimal capex, typically around Rs. 5-10 crores in depreciation and very low capital expenditure.
- The company plans to use its substantial net cash balance (~Rs. 1,000 crores) strategically for:
- Financing projects and maintaining strong bidding/negotiation power.
- Supporting municipal platforms via minority investments to pursue PPP opportunities.
- Possible distributions to shareholders (dividends).
- Focus remains on leveraging cash for operational agility and selective strategic investments.
2 more points from Va Tech Wabag Ltd's call on capex
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The Company's EPC order book is around Rs. 9,700 crores.
- Domestic order book composition: 82% municipal clients, 18% industrial clients.
- India order book approximately Rs. 7,800 crores; detailed municipal/industrial split to be confirmed.
- International orders constitute roughly 50% of order book and revenues.
- Order intake in a recent quarter was around Rs. 1,200 crores, including major orders from BPCL, Nepal, and the Middle East.
- Strong pipeline with Rs. 3,000 crores of domestic orders in visibility, including government, municipal, and private sectors.
- Business development ongoing in CIS and Southeast Asia, with 2-3 prospects in CIS.
2 more points from Va Tech Wabag Ltd's call on order book
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Va Tech Wabag Ltd — Quarterly revenue & net profit
Va Tech Wabag Ltd Q3 FY26 results — key figures
| ₹ Cr | Q3 FY26 | Q3 FY25 | YoY | Q2 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 961 | 811 | +18.5% | 834 | +15.2% |
| Operating profit (EBITDA) | 122 | 98 | +24.5% | 89 | +37.1% |
| Operating margin | 13% | 12% | +1 pp | 11% | +2 pp |
| Profit before tax | 121 | 91 | +33% | 111 | +9% |
| Net profit (PAT) | 91 | 70 | +30% | 85 | +7.1% |
| EPS (₹) | 14.72 | 11.29 | +30.4% | 13.62 | +8.1% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹1.0K Cr, net profit ₹104 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Va Tech Wabag's management said in earlier quarters
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Va Tech Wabag Ltd Q3 FY26 results?
The company targets a medium-term revenue growth of 15% to 20% CAGR. Medium-term financial guidance targets revenue growth of 15% to 20% CAGR.
What is Va Tech Wabag Ltd share price analysis?
Va Tech Wabag Ltd currently shows a neutral. The stock trades at a P/E of 29.8 with a market cap of ₹11,888 Cr. Investors should review the full earnings analysis for detailed insights.
Is Va Tech Wabag Ltd planning capital expenditure?
VA Tech Wabag Limited follows an asset-light model with minimal capex, typically around Rs. 5-10 crores in depreciation and very low capital expenditure.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.