WABAG announce Q1 FY 18 Results

Consolidated Revenue up by 15%

Consolidated EBITDA & PAT up by 52% and 61% respectively

by Shrutee K/DNS

Mumbai, Aug16, 2017: VA TECH WABAG LIMITED, a leading Indian Multinational Company in the water sector announced its financial results for the quarter ended 30^th June, 2017.

Highlights:

·        Consolidated Revenue up by 15% to Rs. 669 crore 

·        Consolidated EBITDA up by 52% to Rs 42 crore

·        Consolidated PAT up by 61% to 8.4 crore

·        Order intake of more than Rs. 700 crore

·      Order Book of over Rs. 8,250 crore including Framework contracts of about

Rs. 860 crore.

Commenting on the results, Mr. Rajiv Mittal, Managing Director, VA TECH WABAG LIMITED said, “I am very happy to have kick started the year with a good repeat order from Bangalore Water Supply and Sewerage Board (BWSSB). The executions on all projects are happening at a good pace and we look forward to another good year in terms of overall growth.”

The major order won recently is a INR 386 Crore Design, Build and Operate order from the Bangalore Water Supply and Sewerage Board (BWSSB) for a 150 MLD Sewage Treatment Plant (STP) at K&C Valley in Bengaluru. WABAG will design and build this plant to meet the recent stringent guidelines of Central Pollution Control Board (CPCB) and Renewable Energy Certificates (RECs) policy mechanism.  The plant will be designed based on Activated Sludge Process with Biological Nutrient Removal System and Power Generation.  Post construction of the STP, WABAG will also operate and maintain the plant for a period of 10 years.  This plant will help to protect and improve upon the natural environmental resources in the vicinity of Bellandur Lake in Bengaluru.

About WABAG: Around the world, the WABAG name stands for innovative and successful solutions in the water engineering sector. As an internationally respected expert group, we act as a systems specialist and full service provider with a focus on the planning, installation and operation of drinking and wastewater plants for local government and industry in the growth markets of Asia, North Africa, Middle East, the Central and Eastern Europe states. The WABAG Group represents a leading multinational player with a workforce of over 1,600 and has companies and offices in more than 20 countries. It disposes over unique technological know-how, based on innovative, patented technologies and long-term experience. Since 1995, WABAG has completed over 900 water and wastewater plants worldwide. Through the conservation and ecological use of the world's most valuable resource, WABAG has made a sustained contribution to an improvement in the quality of life of well over a hundred million people. WABAG is thus one of the world's leading partners for investments in a future that is worth living.