VA Tech Wabag Limited, a leading Indian Multinational Technology Company in the water sector, has reported consolidated financial results for the period ended September 30, 2024.

VA Tech Wabag has posted net profit of Rs. 70.6 crores for the period ended September 30, 2024 as against net profit of Rs. 55 crores for the period ended June 30, 2024. The company posted net profit of Rs.60.2 crores for the period ended September 30, 2023.

VA Tech Wabag has reported total income of Rs. 714.1 crores during the period ended September 30, 2024 as compared to Rs. 637.3 crores during the period ended June 30, 2024. The company reported total income of Rs. 680.4 crores during the period ended September 30, 2023.

For the Half Year ended Sept 30, 2024, VA Tech Wabag has reported total income of Rs. 1,346 crores as compared to Rs. 1,258.9 crores during the 6 months period ended September 30, 2023.

The company has posted net profit of Rs. 125.6 crores for the 6 months period ended September 30, 2024 as against net profit of Rs. 110.2 crores for the 6 months period ended September 30, 2023.

Commenting on the results, Rajiv Mittal, Chairman & Managing Director, VA Tech Wabag, said, "This quarter has marked another period of profitable growth for Wabag, driven by a focused strategy on technology, EP, industrial, and international projects. It is worth noting that against the preferred bidder status in projects of Rs. 60 billion that we communicated during our last investor call, we have already secured over Rs. 45 Billion of order intake in this quarter. Our order book stands at over Rs. 146 Billion, the highest in our history, comprises a balanced mix of EPC and O&M projects both in India and Internationally. This strong backlog enhances visibility of future revenues, robust cash flows and a solid margin profile, positioning us well as we enter the second half of the financial year. The order pipeline remains strong, providing us with confidence in our sustained growth trajectory."